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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $124.53
- 4 Days on Market
- MLS # : A4483576
- Updated Date : 11/19/2020 at 13:48
CONSTRUCTION
- Beds : 3
- Floor Size : 2,409 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Classic Group
Listing Agent's Description
One or more photo(s) has been virtually staged. Rarely available 3 bedroom plus den, 2.5 bathroom single family home with a 3 car garage on a large corner lot! The interior features an open concept layout with volume ceilings, crown molding, ceiling fans, laminate flooring and tile throughout (no carpet!). The kitchen boasts granite counters, an island breakfast bar, ample cabinet space plus a pantry, a skylight which provides lots of natural light, a large eat-in area, and opens to the family room for easy entertaining. There is also a formal living room and dining room to accommodate sit-down gatherings. The spacious master suite can easily accommodate a king size bed and features 2 closets and an en-suite bathroom with dual sinks, a walk-in shower and soaking tub. Two additional generously sized bedrooms share an adjacent full bathroom, and a den provides the perfect spot for a home office or used as a 4th bedroom if needed. Enjoy relaxing and entertaining on the screened lanai which looks out over the large fenced backyard. The possibilities are endless with the backyard space and the opportunity to customize the outdoor retreat of your dreams with room for a pool! The community of Kingsfield Lakes features a community pool and playground, with no CDD fees and low HOA fees. This home is minutes from an abundance of shopping and dining including the popular Ellenton Outlet Mall, Detwiler's Farm Market, a short ride to Lakewood Ranch via Ft. Hamer Bridge and offers easy access to I-75, St. Pete, Tampa, Bradenton and award winning Gulf Coast beaches! *Ask your Realtor® how you can “walk” this property using our Interactive 3D Showcase.*
SEE MORE
- 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
Neighborhood: Kingsfield Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kingsfield Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,890 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$321 | |
| Property Insurance | -$184 | |
| HOA | -$67 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$131
|
||
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.
$300,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| 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
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
8.25
YEARS SAVED
$37,877
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,903
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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-
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LEASED 10/23/19- Rent
- Rent Per SQFT
- $1,800
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LEASED 09/23/20- Rent
- Rent Per SQFT
- $1,895
- $0.82
PROPERTY LISTING DETAILS
1.941.404.9845
Keller Williams Classic Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4483576
Last Updated: 11/19/2020
