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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $145.24
- 2 Days on Market
- MLS # : T3296757
- Updated Date : 03/21/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,582 sqft
- Baths : 3 full , 1 half
Listing Agent
Coldwell Banker Residential
Listing Agent's Description
NORTHDALE pool home with great floor plan featuring golf course and conservation frontage. With 4 bedrooms, 3.5 baths and a loft! The split bedroom plan features the desirable downstairs master bedroom with walk in closet, master bath has dual sinks and walk in shower. The Family room offers wood burning fireplace with stone wall details and sliding glass doors affording pool and conservation views. The kitchen displays a breakfast bar, cabinet pantry and standard appliance package. Formal Dining room with chair molding and french doors to the pool area. Formal Living with vaulted ceiling and picture windows with views of the rocking chair front porch. Upstairs is a large loft with closet (could easily be closed in to make a 5th bedroom). 2 large guest bedrooms feature a jack and jill bath, and the 4th bedroom has an ensuite bath with shower/tub combo. Spacious back yard and patio with pool and spa, conservation views and some golf course frontage make this a house you must see!
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Northdale Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northdale Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$512 | |
| Property Insurance | -$186 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$31
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$375,000
PROJECTED PRICE
$2,160
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
6.67
YEARS SAVED
$30,044
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,023
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
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4323 Honey Vista Cir Tampa, FL 4
- 4 beds 4 baths ∙ 2,582 Sqft ∙ Built 1984 4 beds 4 baths ∙ 2,582 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $2,160
- $0.84
-
15508 Timberline Dr Tampa, FL 1
- 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 1979
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LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,750
- $0.64
-
4913 Rockledge Cir Tampa, FL 2
- 5 beds 3 baths ∙ 2,491 Sqft ∙ Built 1983 5 beds 3 baths ∙ 2,491 Sqft ∙ Built 1983
![property image]()
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,995
- $0.80
-
4104 Woodacre Ln Tampa, FL 3
- 3 beds 2 baths ∙ 2,295 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,295 Sqft ∙ Built 2004
![property image]()
LEASED 01/02/20- Rent
- Rent Per SQFT
- $2,095
- $0.91
PROPERTY LISTING DETAILS
1.813.908.7293
Coldwell Banker Residential
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3296757
Last Updated: 03/21/2021
