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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $173.22
- 5 Days on Market
- MLS # : U8105078
- Updated Date : 11/19/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,020 sqft
- Baths : 2 full , 1 half
Listing Agent
Coastal Properties Group
Listing Agent's Description
Welcome home to this beautifully updated 4 bedroom, 2.5 bath home with a large 2 car garage! Located in beautiful Tarpon Springs in the desirable Woodfield community in the East Lake corridor, it is situated on a peaceful cul de sac lot. Entering the home you will notice it has been freshly painted throughout and the spacious, open layout including a large living room, vaulted ceilings, recessed lighting. The kitchen has wood cabinets and stainless steel appliances. The kitchen opens up to the family room, and dining room with room for a large table perfect for entertaining. The downstairs also has an updated half bath and an abundance of closet space. The home also features neutral tile throughout. The upstairs has hardwood flooring, large bedrooms with walk in closets and beautiful natural light. The second bathroom is updated and serves the three guest bedrooms. The master bedroom is a generous size with a huge walk in closet and updated master bath! Gorgeous conservation views! The fully fenced backyard has a screened in lanai perfect for enjoying the fabulous Florida weather along with a paved patio. The roof is newer, AC (2017), updated kitchen appliances and bathrooms, large 2 car garage with newer garage door, updated windows and sliding doors. Zoned for A Rated schools! Don't miss this home! Schedule your showing today!
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: Woodfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$436 | |
| Property Insurance | -$154 | |
| HOA | -$39 | |
| Property Management Fees | -$80 | |
|
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.
$349,900
PROJECTED PRICE
$2,020
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.3% |
| 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
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
6.67
YEARS SAVED
$32,874
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,939
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
365 Waterford Cir W Tarpon Springs, FL 2
- 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $2,020
- $1.00
-
5624 Essex Ct Palm Harbor, FL 1
- 3 beds 4 baths ∙ 2,189 Sqft ∙ Built 1995 3 beds 4 baths ∙ 2,189 Sqft ∙ Built 1995
LEASED 07/01/19- Rent
- Rent Per SQFT
- $2,000
- $0.91
-
342 Waterford Cir E Tarpon Springs, FL 3
- 4 beds 2 baths ∙ 2,283 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,283 Sqft ∙ Built 1987
LEASED 08/31/19- Rent
- Rent Per SQFT
- $2,300
- $1.01
PROPERTY LISTING DETAILS
1.727.492.8490
Coastal Properties Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8105078
Last Updated: 11/19/2020
