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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $149.58
- 28 Days on Market
- MLS # : T3271044
- Updated Date : 11/17/2020 at 15:22
CONSTRUCTION
- Beds : 4
- Floor Size : 2,594 sqft
- Baths : 3 full
Listing Agent
Re/max Realty Unlimited
Listing Agent's Description
Walking thru the front door an open floor plan greets you with light from all sides. Plently of privacy, no backyard neighbors. Newer design tile flooring, generous size dining for large gatherings. The island kitchen is completed with true double ovens, french door refrigerator, microwave and cook top, all stainless steel. Large drawers under the cook top, pull out sliders in cabinets for easy access, granite counter tops, closet pantry and built in window seat. The family room is large enough for various seating options to accomadate any seating arrangement. The master suite is located on the first floor, plenty of space for oversized furniture. The ensuite includes large soaking tub, walk in shower, double sinks and walk in closet. Two more bedrooms and full bath complete the downstairs. A large bedroom, full bath and a bonus room are located on the second floor, perfect for guests, movie room, man cave, etc. The laundry room equipped with cabinetry is located off of the garage, which includes a utility tub, painted garage floor and overhead rack for extra storage. This beautiful home is located in sought after Seven Oaks, follow this link to learn more about the community https://www.sevenoakslife.com/
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: Seven Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seven Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,190 |
| EXPENSES | Loan Payment | -$1,432 |
| Property Tax | -$597 | |
| Property Insurance | -$187 | |
| HOA | -$11 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$117
|
||
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.
$388,000
PROJECTED PRICE
$2,190
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.0% |
| 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
$108,570
LOAN DETAILS
$1,432
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,000 |
| Loan Amount | $291,000 |
4.5
YEARS SAVED
$20,891
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
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COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
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4427 Scarlet Loop Wesley Chapel, FL
- 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $0
- $0.00
PROPERTY LISTING DETAILS
1.813.363.3180
Re/max Realty Unlimited
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3271044
Last Updated: 11/17/2020
