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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $171.60
- 4 Days on Market
- MLS # : T3286287
- Updated Date : 01/28/2021 at 15:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,859 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Premier Group
Listing Agent's Description
This absolutely stunning and very well maintained Home is move in ready and waiting for you! When you walk in the front door, you will notice the nice open Great Room Plan this Home has. Featuring a Half Bath right when you walk in, a nice size Dining Room, Large Living Room all overlooking your Large Open Kitchen area which features 42" Maple Espresso Cabinets with Corian Countertops , Designer Backsplash, Stainless Steel Appliances, a Large Island with a Bar area, Large Walk-In Pantry, and Ceramic Tile Flooring through out the downstairs. Off of the Living area, you will notice your Covered Screened Lanai with New Epoxy finish as well as an extended Cement Walk-Way around the outside of your Lanai which makes it great for Grilling while sitting around enjoying your Large Vinyl Fenced Back Yard! Upstairs you will find a nice size Loft area which can be used as an Office, Den or Play Room as well as your Laundry Area. Your Master Bedroom is very spacious with the Master Bath featuring a Garden Tub, Separate Shower, Dual Sinks with Corian Countertops and a Large Walk-In Closet. The Additional Bedrooms are also nice size rooms with one having a nice size Walk-In Closet. Your Guest Bath features a Shower/Tub combo, Dual Vanity Sinks with Corian Countertops and Ceramic Tile Flooring. This Beauty Also has a Newer 3 Ton A/C Unit with Dual Controls! This Home is located right across the street from one of the Clubhouses which features 2 Large Swimming Pools, Tennis Courts, Basketball Court, Playground and Gym as well as walking distance to the Elementary School! Don't wait on this one, it won't last long!
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: Watergrass
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Watergrass
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$1,108 |
| Property Tax | -$478 | |
| Property Insurance | -$144 | |
| HOA | -$5 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$174
|
||
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.
$319,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.4% |
| 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
$90,285
LOAN DETAILS
$1,108
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
3.42
YEARS SAVED
$9,095
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,785
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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- $2,100
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- Rent Per SQFT
- $2,200
- $1.01
PROPERTY LISTING DETAILS
1.813.477.4842
Re/max Premier Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3286287
Last Updated: 01/28/2021
