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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $135.47
- 7 Days on Market
- MLS # : T3277463
- Updated Date : 11/24/2020 at 10:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,993 sqft
- Baths : 2 full
Listing Agent
Re/max Premier Group
Listing Agent's Description
Ready for a quick closing! This home offers three bedrooms, two bathrooms with a two car garage. Priced to sell! Tiled and laminated floors throughout. Master bathroom with his and hers vanity, separate shower, garden tub. Master bedroom has 2 large walk in closets and conservation view. Open floor plan, living and breakfast areas has conservation view. Covered lanai, oversized backyard perfect for outdoor activities with no neighbors on the back. Country walk’s clubhouse offers many amenities such as pool, park, playground, lighted tennis courts, basketball, gym and soccer field.
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
Neighborhood: Country Walk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Country Walk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$438 | |
| Property Insurance | -$152 | |
| HOA | -$58 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$45
|
||
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.
$270,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 5.4% |
| 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
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
5.25
YEARS SAVED
$17,377
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,878
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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- Rent
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- $1,680
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LEASED 12/03/19- Rent
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- $1,700
- $0.92
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LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,800
- $0.88
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LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.97
-
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![property image]()
LEASED 09/28/20- Rent
- Rent Per SQFT
- $2,065
- $1.00
PROPERTY LISTING DETAILS
1.813.929.7600
Re/max Premier Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3277463
Last Updated: 11/24/2020
