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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $107.39
- 3 Days on Market
- MLS # : U8112871
- Updated Date : 02/13/2021 at 09:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,328 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Gulf Beaches
Listing Agent's Description
WILLOW HAMMOCK DREAM HOME!! Built in 2018! Four Bedroom, Two and half bath, two story BLOCK home! Enter the oversized front door to the 9 ft ceilings throughout this spacious New built home. The open concept kitchen has granite counters, tile floors, center island with sink and room to visit with family and friends. Walk in pantry, oversized cabinets, and extra storage space are just a few of the features of this home. First floor half bath provides convenience for family and guests. The open and bright living space opens to a large fully fenced yard with room to play, entertain, spread out and stretch! The carpeted upstairs has four spacious bedrooms with 9ft ceilings. The landing opens to a large bonus space which can be used as an office or den. A spacious upstairs laundry room is across from the bath. The guest full bath has tub/shower, double sinks and tile floor. Each bedroom has high ceilings, ample space and abundant natural light. The master suite boasts extra-large walk in closet and closet systems. The ensuite bath has tile floors, walk in shower, water closet, clothing closet and linen closet. The oversized two car garage has painted floor and extra storage space for all your toys. Community pool, playground and social events make this neighborhood an amazing place to live. This home is centrally located with access to beaches, shopping, top rated schools, dining and all that Florida living has to offer. Roof 2018, Air conditioner 2018 with UV light, LED lights, Hot water heater 2018, Double Pane Insulated Low E Windows, Hurricane shutters, Blown insulation and radiant barrier in attic.
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 | -$868 |
| Property Tax | -$357 | |
| Property Insurance | -$179 | |
| HOA | -$50 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$327
|
||
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.
$250,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.76%
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
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
12.08
YEARS SAVED
$46,899
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 -
$0.82
LIST RENT PER SQFT
-
$1,915
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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- $1,795
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4109 Lindever Ln Palmetto, FL 3
- 4 beds 4 baths ∙ 2,321 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,321 Sqft ∙ Built 2016
LEASED 12/09/19- Rent
- Rent Per SQFT
- $1,825
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3919 Willow Branch Pl Palmetto, FL 5
- 5 beds 3 baths ∙ 2,601 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,601 Sqft ∙ Built 2020
LEASED 05/16/20- Rent
- Rent Per SQFT
- $2,250
- $0.87
PROPERTY LISTING DETAILS
1.727.410.3598
Keller Williams Gulf Beaches
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8112871
Last Updated: 02/13/2021
