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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $147.73
- 5 Days on Market
- MLS # : T3277672
- Updated Date : 11/25/2020 at 15:11
CONSTRUCTION
- Beds : 5
- Floor Size : 2,572 sqft
- Baths : 3 full , 2 half
Listing Agent
Better Homes & Gardens Re
Listing Agent's Description
Updated home is centrally located in popular Tampa community! So much to offer from the dual sided fireplace, private sundeck overlooking caged pool. If you need a large yard, this is one of the biggest you will find in this price point! Granate counters in updated kitchen complete with stainless steel appliances. Master bedroom is upstairs with shower and tub. Small downstairs bedroom has a 1/2 bath. Bonus room, located on a quiet cut-de-sac. Plantations shutters and all the quality upgrades your buyers are looking for! Easy to show but call or text listing agent to schedule appointment or use Showing Time.
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: Lago Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lago Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,430 |
| EXPENSES | Loan Payment | -$1,402 |
| Property Tax | -$467 | |
| Property Insurance | -$185 | |
| HOA | -$2 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$294
|
||
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.
$379,950
PROJECTED PRICE
$2,430
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 4.7% |
| 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
$106,437
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $94,988 |
| Loan Amount | $284,963 |
10.25
YEARS SAVED
$66,067
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,430
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,924
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
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3309 El Amador Ct Tampa, FL 1
- 5 beds 5 baths ∙ 2,572 Sqft ∙ Built 1977 5 beds 5 baths ∙ 2,572 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $2,430
- $0.94
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2810 Linthicum Pl Tampa, FL 2
- 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1965
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,499
- $1.07
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2816 Safe Harbor Dr Tampa, FL 3
- 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1995
LEASED 01/07/20- Rent
- Rent Per SQFT
- $3,000
- $1.09
-
10406 Reclinata Ln Tampa, FL 4
- 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1976
LEASED 11/06/19- Rent
- Rent Per SQFT
- $3,195
- $1.25
PROPERTY LISTING DETAILS
1.813.217.1565
Better Homes & Gardens Re
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3277672
Last Updated: 11/25/2020
