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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $165.27
- 3 Days on Market
- MLS # : T3290019
- Updated Date : 02/13/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,632 sqft
- Baths : 3 full
Listing Agent
Exit Bayshore Realty
Listing Agent's Description
Newer 2014 home on quiet cul-de-sac with gorgeous stained glass entry and great curb appeal in wonderful Lake Jovita. Devonshire model by Inland Homes, known for their green building features. Four bedrooms plus office, three full baths, separate living room and dining room, plus large kitchen and family room combo with ceiling fans throughout. Entire home has 17” tile in living areas and wood-look plank tile in bedrooms. Functional kitchen has tall wood cabinets, huge granite island and stainless steel appliances. An expansive view of park from screened porch with travertine pavers, pergola and lush landscaping. This house is bright and cheerful, great for entertaining! Master suite has dual vanities, huge walk-in closet with custom shelving. Super low electric bill due to radiant heat barrier, which keeps attic space much cooler and creates less load on A/C system, plus three thermostat zones. NO CDD and low $75/month HOA fee that includes 24-hour guard gated security and lush common area landscaping and upkeep. An upscale community with two excellent 18-hole golf courses, fine dining at clubhouse, community pool, tennis courts, fitness trail, children’s playground, pickle ball courts, and gated dog run. This is a must see! Commission is offered to the realtor who brings the buyer.
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: Lake Jovita Golf and Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Jovita Golf and Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$1,511 |
| Property Tax | -$475 | |
| Property Insurance | -$190 | |
| HOA | -$25 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$20
|
||
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.
$435,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.6% |
| 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
$121,025
LOAN DETAILS
$1,511
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $108,750 |
| Loan Amount | $326,250 |
6.17
YEARS SAVED
$30,364
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,264
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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- Rent
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LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,795
- $0.68
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12350 Woodlands Cir Dade City, FL 2
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LEASED 09/27/19- Rent
- Rent Per SQFT
- $2,100
- $0.90
-
13704 Carryback Dr Dade City, FL 4
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![property image]()
LEASED 04/26/20- Rent
- Rent Per SQFT
- $2,500
- $1.00
PROPERTY LISTING DETAILS
1.813.546.3726
Exit Bayshore Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3290019
Last Updated: 02/13/2021
