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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $131.58
- 3 Days on Market
- MLS # : A4487302
- Updated Date : 01/02/2021 at 10:29
CONSTRUCTION
- Beds : 4
- Floor Size : 2,356 sqft
- Baths : 2 full , 1 half
Listing Agent
Xcellence Realty Inc
Listing Agent's Description
New Year... New Home? This gorgeous home truly has it all. On the first floor you are greeted with an entry way and a large living room. Just off the living room you will find a half bath as well as the generously sized laundry room. Also located on the first floor are the kitchen, dining room and The master suite. Upstairs you will find the large loft area surrounded by 3 bedrooms and an additional full bathroom. Recent upgrades to this home include: New interior and exterior paint (Dec. 2020), new carpet (Dec. 2020) new laminate floors in the dining and living room, new appliances, new custom closet in the master bedroom, new sod in both the front and back yard, and a custom built pergola over the back patio area. This home is nestled in the highly desirable Magnolia Green subdivision with a LOW HOA of $42.00 a month which helps cover the cost of the community pool, playground and common areas. This home is sure to go quickly schedule your showing today!
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: Improvement League of Plant City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Improvement League of Plant City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$332 | |
| Property Insurance | -$173 | |
| HOA | -$42 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$100
|
||
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.
$310,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 10.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| 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
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
4.58
YEARS SAVED
$17,026
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,761
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
3119 Azalea Blossom Dr Plant City, FL 3
- 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2007
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- Rent Per SQFT
- $1,720
- $0.73
-
3203 Magnolia Meadows Dr Plant City, FL 1
- 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2009
LEASED 08/17/19- Rent
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- $1,685
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4104 Kipling Ave Plant City, FL 2
- 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1987
LEASED 12/09/20- Rent
- Rent Per SQFT
- $1,700
- $0.73
-
3022 Azalea Blossom Dr Plant City, FL 4
- 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2008
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,795
- $0.76
-
3019 Azalea Blossom Dr Plant City, FL 5
- 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2007
LEASED 10/14/19- Rent
- Rent Per SQFT
- $1,800
- $0.76
PROPERTY LISTING DETAILS
1.941.526.0211
Xcellence Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4487302
Last Updated: 01/02/2021
