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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $189.91
- 3 Days on Market
- MLS # : T3277134
- Updated Date : 11/20/2020 at 21:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,843 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Welcome to your own outdoor oasis! This spacious 3-bedroom, 2-bath, split-level, pool home is perfect for the family and entertaining. Upon entering the home, you are greeted with beautiful wood floors that span the home and tons of natural lighting. The Master Suite features a walk-in closet with built-ins, a masterfully remodeled en suite bathroom with marbled tile walls, a spacious glass shower with a rainfall showerhead, modern dual vanities, and natural lighting from the skylight. The guest bath has also been remodeled with subway tiles, marble vanity, and penny tile floors. The living room features vaulted ceilings, a built-in closet system, a wood-burning fireplace, and gorgeous views of the backyard utopia. The kitchen offers stone counters and tile floors. Stepping out to the large, covered lanai it features travertine stones for the deck, bar seating around the kitchen window, a newly re-screened and re-painted pool cage, and a stunning, heated, saltwater pool. Exploring outside the lanai, you will be treated to a brown river rock and paver walkway leading you to the recently added fire pit perfect for those cool fall nights. Come and experience all of the fine details this home has to offer. Other updates to the home: New A/C in 2019 and updated plumbing.
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: Hunter Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hunter Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$430 | |
| Property Insurance | -$143 | |
| HOA | -$3 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$67
|
||
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.
$350,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.5% |
| 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
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
5.42
YEARS SAVED
$23,909
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,944
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
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3345 Foxridge Cir Tampa, FL 3
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- Rent
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- $1,880
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4002 Alexander Palm Ct Tampa, FL 1
- 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001
LEASED 02/13/20- Rent
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- $1,750
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4007 Alexander Palm Ct Tampa, FL 2
- 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001
LEASED 12/30/19- Rent
- Rent Per SQFT
- $1,850
- $1.07
-
4008 Palmetto Palm Ct Tampa, FL 4
- 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,900
- $1.10
-
3329 Foxridge Cir Tampa, FL 5
- 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 1982 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 1982
LEASED 12/13/19- Rent
- Rent Per SQFT
- $2,095
- $1.03
PROPERTY LISTING DETAILS
1.813.956.3025
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3277134
Last Updated: 11/20/2020
