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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $150.93
- 2 Days on Market
- MLS # : T3279314
- Updated Date : 12/06/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,054 sqft
- Baths : 3 full
Listing Agent
Florida Realty
Listing Agent's Description
Tenants have gently used this 4 bdrm/3 full bath Cypress Meadows home with double garage. Roof approx 5 years old. AC approx 1 year old. Large screened lanai with pavers. New fence on both sides and a concrete wall along rear property line. Kitchen has a closet pantry, breakfast bar that seats 7, dinette area with mitred corner window that looks out to lanai, approx 1 year old dishwasher. Family room has a built-in with 4 shelves. French doors from dining room to lanai. 3 sets of sliders from other rooms to lanai. Easy access to and from Dale Mabry but distant enough that road noise is not an issue.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Northdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$401 | |
| Property Insurance | -$155 | |
| HOA | -$40 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$41
|
||
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.
$310,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.3% |
| 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
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
7.25
YEARS SAVED
$32,042
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,920
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
3704 Cypress Meadows Rd Tampa, FL 4
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- Rent
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15730 Gardenside Ln Tampa, FL 1
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- $1,800
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-
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- 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1997
LEASED 07/16/19- Rent
- Rent Per SQFT
- $1,875
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-
4104 Woodacre Ln Tampa, FL 5
- 3 beds 2 baths ∙ 2,295 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,295 Sqft ∙ Built 2004
LEASED 01/02/20- Rent
- Rent Per SQFT
- $2,095
- $0.91
PROPERTY LISTING DETAILS
1.813.431.0099
Florida Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3279314
Last Updated: 12/06/2020
