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3911 Willow Walk Dr Palmetto, FL 34221

3 Beds 2 Baths 1,978 sqft Built 2016

$285,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $144.08
  • 7 Days on Market
  • MLS # : A4483907
  • Updated Date : 11/17/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,978 sqft
  • Baths : 2 full
Listing Agent

Keller Williams On The Water

Listing Agent's Description

Welcome to Willow Walk a community conveniently located near I-75, I-275, and the Ellenton Outlets. Situated on a beautifully landscaped lot this three bedroom plus a den home offers you all the space you can envision and more! Let your imagination run wild. Upon entering you will feel right at home with the abundance of natural light offer from the fabulous designed glass door. The kitchen features the luxuries of striking cabinetry, satin nickel hardware, and granite countertops. The massive island offers the counter space needed to cook, roast and bake your favorite recipes. The open floor plan is ideal for entertaining. Invite your friends and family to experience a grand time with out the fear of having enough space, even while social distancing. the owners suite offers a true escape from the outside world. With a walk-in closet, there is plenty of room for all of your fabulous fashions. The ensuite boasts a large vanity featuring dual sinks and a deluxe large walk-in shower. The patio is the perfect space to view Florida's vivid sunsets. All that is missing is you and your treasures to call this home.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 34221

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $67k297k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 34221

ZipNIR Market*CityMarket20102015Year20082019 Q21100120013001400150016001700180019002000Rent in $10372041

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Tillman Elementary Magnet School Primary Magnet 556 37 4
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Tillman Elementary Magnet School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 37
4
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,052
Property Tax -$405
Property Insurance -$157
HOA -$10
Property Management Fees -$80
CASH FLOW
$206

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.

$285,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$44,521

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
  • $0.97

    LIST RENT PER SQFT
  • $1,938

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9004$1,9005$1,910
$1,910
RENT COMPS ANALYSIS
  • 3911 Willow Walk Dr Palmetto, FL 5
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.97
    •  
  • 2906 44th Ct E Palmetto, FL 1
    • 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 2014
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
  • 4437 Lindever Ln Palmetto, FL 2
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2017
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
  • 3925 Park Willow Ave Palmetto, FL 3
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2018
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
  • 5711 Broad River Run Ellenton, FL 4
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2015
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
PROPERTY LISTING DETAILS
Samantha Campbell
1.941.441.5131
Keller Williams On The Water
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4483907
Last Updated: 11/17/2020
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