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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $153.30
- 3 Days on Market
- MLS # : W7830556
- Updated Date : 02/06/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,957 sqft
- Baths : 2 full , 1 half
Listing Agent
Dalton Wade, Inc.
Listing Agent's Description
Move in Ready, Amazing Floor Plan and Upgraded home will not last long! This gorgeous, updated Tarpon Springs home is located in the desirable Forest Ridge Subdivision / Gated Community. This home interior features include four bedrooms, two bathrooms, laundry room, high vaulted ceilings, new Laminate Flooring, Brand New Carpeting in the Bedrooms and updated kitchen. The Master bedroom has a large Jack-and-Jill style bathroom featuring a Jacuzzi tub, separate shower, dual sink and walk in closet. Bedroom two and three are located on the other side of the home with bathroom two between them. Enjoy a decorative outdoor bar/entertainment area with an outside sink and custom Bar. Your personal tropical oasis is perfect for relaxing and/or entertaining while conveniently located to the beaches, restaurants, airports and the famous Sponge Docks. Call and schedule your private showing today. Copy and Paste Virtual Tour: https://livetour.istaging.com/43bb481f-d722-45bc-8e27-d86c7eb63fa8
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Forest Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Forest Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$384 | |
| Property Insurance | -$150 | |
| HOA | -$37 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$127
|
||
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.
$300,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.2% |
| 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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
8.42
YEARS SAVED
$33,246
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,830
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
387 Wood Bridge Ave Tarpon Springs, FL 3
- 4 beds 3 baths ∙ 1,957 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,957 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,870
- $0.96
-
340 Wood Chuck Ave Tarpon Springs, FL 1
- 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 2000
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,425
- $0.83
-
1446 Watermill Cir Tarpon Springs, FL 2
- 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2001
LEASED 01/06/21- Rent
- Rent Per SQFT
- $1,750
- $1.00
-
1055 Sawgrass Dr Tarpon Springs, FL 4
- 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 2000
LEASED 11/15/19- Rent
- Rent Per SQFT
- $1,985
- $0.98
-
1400 Poinsettia Ave Tarpon Springs, FL 5
- 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 1997
LEASED 01/13/20- Rent
- Rent Per SQFT
- $2,099
- $0.93
PROPERTY LISTING DETAILS
1.813.728.1400
Dalton Wade, Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7830556
Last Updated: 02/06/2021
