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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $121.69
- 7 Days on Market
- MLS # : T3280019
- Updated Date : 12/17/2020 at 10:31
CONSTRUCTION
- Beds : 3
- Floor Size : 2,872 sqft
- Baths : 2 full
Listing Agent
Leap Realty Group Llc
Listing Agent's Description
YES THIS IS TRUE! A HOME IS AVAILABLE FOR SALE IN WALDEN POINT. COME AND VIEW THIS VERY WELL MAINTAINED TWO STORY HOME WITH FEATURES GALORE. UPSTAIRS BONUS ROOM WITH SURROUND SOUND SPEAKERS IN CEILING-ALL BEDROOMS DOWNSTAIRS-OVERSIZED WALK IN PANTRY-AC HANDLER 2019-AC COMPRESSOR 2014- SPLIT ZONE TEMP CONTROL. ROOF 2014- INTEGRATED TAEXX PEST CONTROL SYSTEM-WATER HEATER 2014-ENERGY EFFICIENT WINDOWS-ADT HARDWIRED SECURITY-GOOGLE NEST CAMERA'S INC (3) INC-LARGE ATTIC STORAGE SPACE-DOUBLE OVEN-HOOK UP FOR PORTABLE OR INSTALLED GENERATOR-STAINLESS STEEL APPLIANCES INC. I RAN OUT OF ROOM SO YOU WILL HAVE TO COME AND SEE EVERYTHING ELSE THIS HOME HAS TO OFFER. :)
SEE MORE
- 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)
- #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.
PRICE & RENT TRENDS
Neighborhood: Walden Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Walden Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,120 |
| EXPENSES | Loan Payment | -$1,290 |
| Property Tax | -$400 | |
| Property Insurance | -$204 | |
| HOA | -$33 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$64
|
||
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.
$349,500
PROJECTED PRICE
$2,120
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.3% |
| 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
$98,368
LOAN DETAILS
$1,290
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,375 |
| Loan Amount | $262,125 |
7.5
YEARS SAVED
$38,408
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,010
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 2 baths ∙ 2,872 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,872 Sqft ∙ Built 2013
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- Rent
- Rent Per SQFT
- $2,120
- $0.74
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3020 Azalea Blossom Dr Plant City, FL 1
- 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2008
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LEASED 12/07/19- Rent
- Rent Per SQFT
- $1,775
- $0.65
-
3108 Magnolia Meadows Dr Plant City, FL 2
- 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 2008
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LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,895
- $0.66
-
1310 Little Alafia Dr Plant City, FL 3
- 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2005
![property image]()
LEASED 03/31/20- Rent
- Rent Per SQFT
- $2,100
- $0.79
PROPERTY LISTING DETAILS
1.813.538.3951
Leap Realty Group Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3280019
Last Updated: 12/17/2020
