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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $214.57
- 4 Days on Market
- MLS # : T3278611
- Updated Date : 12/05/2020 at 16:53
CONSTRUCTION
- Beds : 4
- Floor Size : 2,237 sqft
- Baths : 3 full
Listing Agent
Keller Williams Tampa Prop.
Listing Agent's Description
HONEY STOP THE CAR! Newly Expanded & Renovated this 4/3/2 beauty boasts stylish modern décor & updates at every turn. Major improvements were completed from 2017-2019 to create a modern open floor plan with clean lines and plenty of storage. Home Warranty Included! This well appointed split floor plan was expanded to 4 beds, 3 full baths and includes: New Windows, 2019 Roof, Wood plank tile Interior Flooring, Fixtures including recesses lighting, 50 gal Hybrid Water Heater, Filtration, & Softener Systems. Spacious Chef’s Kitchen with Dual Ranges, georgeous Quartz counters, an abundance of New Cabinets, & loads of storage in the huge Walk-in Pantry. Newer dual pane Windows, dual HVACs, & added Insulation keep this home energy efficient all year long. No backyard neighbors here! Enjoy the nicely shaded Private Backyard with room to roam or add a POOL! Centrally located to easily explore top rated golf courses, beaches, restaurants, shopping, parks, professional sports, and much more just minutes away! Too many improvements and upgrades to mention them all here, so contact us or your agent to receive your copy of the complete list! View our full video walk-through tour here: https://wi.st/3g3QHf7
SEE MORE
- #8 in America's Fastest Growing Cities (Forbes, 2018)
- Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
- One of the best cost-friendly American cities to do business (KPMG)
- Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
- 2nd Best City for Young Entrepreneurs (Forbes)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
- Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
PRICE & RENT TRENDS
Zip Code: 33761
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33761
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$620 | |
| Property Insurance | -$166 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$176
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$480,000
PROJECTED PRICE
$2,510
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$132,950
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $120,000 |
| Loan Amount | $360,000 |
4.5
YEARS SAVED
$25,426
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,724
COMP ESTIMATED VALUE -
$1.22
COMP AVG. RENT PER SQFT
Comps Range
-
2879 Meadow Oak Dr E Clearwater, FL 2
- 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $2,510
- $1.12
-
212 Hillcrest Dr Safety Harbor, FL 1
- 3 beds 3 baths ∙ 1,963 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,963 Sqft ∙ Built 1980
LEASED 11/21/20- Rent
- Rent Per SQFT
- $2,295
- $1.17
-
3501 Landmark Trl Palm Harbor, FL 3
- 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1985
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,795
- $1.19
-
2911 Mill Stream Ct Clearwater, FL 4
- 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1976
LEASED 10/14/20- Rent
- Rent Per SQFT
- $2,895
- $1.28
-
2677 Clubhouse Dr N Clearwater, FL 5
- 4 beds 2 baths ∙ 2,430 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,430 Sqft ∙ Built 1977
LEASED 04/02/20- Rent
- Rent Per SQFT
- $2,999
- $1.23
PROPERTY LISTING DETAILS
1.813.264.7754
Keller Williams Tampa Prop.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3278611
Last Updated: 12/05/2020
