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4214 Park Willow Ave Palmetto, FL 34221

4 Beds 3 Baths 2,328 sqft Built 2018

$250,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • #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

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
Lincoln Middle School Middle Magnet 526 36 3
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

Lincoln Middle School

  • Education Level: Middle
  • # of students: 526
  • # of teachers: 36
3
GreatSchools Rating

Palmetto High School

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

$225,000$275,000$250,000

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 -$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

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$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

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
$1,775
1$1,7752$1,7953$1,8254$1,9105$2,250
$2,250
RENT COMPS ANALYSIS
  • 4214 Park Willow Ave Palmetto, FL 4
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.82
    •  
  • 4175 Day Bridge Pl Ellenton, FL 1
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.75
    •  
  • 5718 French Creek Ct Ellenton, FL 2
    • 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2006
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
  • 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
    • $0.79
    •  
  • 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
Jennifer Orns
1.727.410.3598
Keller Williams Gulf Beaches
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8112871
Last Updated: 02/13/2021
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