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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $160.51
- 3 Days on Market
- MLS # : A4487340
- Updated Date : 01/02/2021 at 10:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,651 sqft
- Baths : 2 full
Listing Agent
Florida Suncoast Real Estate
Listing Agent's Description
Built in just 2017, this 3-bed, 2-bath home is completely turn-key and shows the pride of ownership throughout! You will enjoy the beautiful laminate flooring throughout this home, the open floorplan, split bedroom layout, and the lakefront views out all your rear windows. Entertaining is easy in your open kitchen that looks out to your family room. Kitchen features include granite counters, center island with seating and closet pantry. The master bedroom is spacious and features a large walk-in closet and ensuite bath with walk-in shower and double sinks. The two additional bedrooms share a spacious bath. Enjoy your backyard from your covered patio that overlooks the lake. Willow Walk features a zero-entry resort-like community pool, pavilion, and playground. All of this for an extremely low HOA fee! Willow Walk is conveniently located to the Ellenton Outlets, minutes from I-75, 275, and 301 with quick access to St. Pete, Tampa and Sarasota and a short drive to gorgeous beaches. Don't wait, schedule your showing today!
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
Zip Code: 34221
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34221
* 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 | -$978 |
| Property Tax | -$323 | |
| Property Insurance | -$137 | |
| HOA | -$10 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$333
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$265,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
12.25
YEARS SAVED
$59,014
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 -
$1.16
LIST RENT PER SQFT
-
$1,758
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
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3908 Wayfarer Way Palmetto, FL 4
- 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $1,910
- $1.16
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4437 Lindever Ln Palmetto, FL 1
- 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2017
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LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,895
- $1.04
-
3925 Park Willow Ave Palmetto, FL 2
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LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,900
- $1.04
-
6015 36th Ct E Ellenton, FL 3
- 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2004
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LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,900
- $1.11
-
5003 Willow Preserve Way Palmetto, FL 5
- 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2018
![property image]()
LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,950
- $1.07
PROPERTY LISTING DETAILS
1.941.773.7400
Florida Suncoast Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4487340
Last Updated: 01/02/2021
