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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $155.57
- 3 Days on Market
- MLS # : A4484262
- Updated Date : 11/20/2020 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,539 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty Select
Listing Agent's Description
Pride of ownership shows throughout this meticulously maintained and updated home in the highly sought after Sabal Harbour community. As soon as you drive up to the home, you will be wowed by the beautifully landscaped yard with new solar lighting. Once you open the double front doors, you will be welcomed into the spacious foyer which showcases the open living room and dining room with beautiful pool views as the backdrop. Invite your guests out to your lanai for a pool party in the crystal clear refreshing saltwater pool or celebrate inside with a dinner party where guests can flow easily between the living room, dining room, family room and beautifully remodeled kitchen featuring granite counters, stainless steel appliances and soft close maple wood cabinets with dove tailed drawers and antique bronze fixtures. After dinner, pour your favorite beverage and head outside to your lanai where you will be awestruck by the spectacular colors of the sunsets over the lake. At the end of the day, escape to your completed remodeled private Owner's suite with brand new carpet in the bedroom and beautiful spa-like bathroom featuring double vanities, a deep soaking tub and separate walk in shower lined with travertine tile and dual rain shower heads. The bath remodel also includes new plumbing, floors, walls and stonework. This is a true split plan. The 2nd and 3rd bedrooms are located on the opposite side of the house along with the second bathroom. The 4th bedroom makes for a perfect guest suite at the back of the house with a full bathroom across the hallway which doubles as a pool bath. At the front of the house, there is also a den which would work perfectly for a home office! The many updates in this home include brand new ceiling fans, pool pump, washer and dryer, sprinkler system, garage floor, blinds, painting inside and out, carpeting in the bedrooms, smoke detectors and pool screens. All that is left to do is for you to move in!
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
Zip Code: 34203
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34203
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,457 |
| Property Tax | -$435 | |
| Property Insurance | -$192 | |
| HOA | -$69 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$123
|
||
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.
$395,000
PROJECTED PRICE
$2,110
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 5.5% |
| 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
$110,425
LOAN DETAILS
$1,457
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
4.33
YEARS SAVED
$18,894
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,088
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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- $1,875
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LEASED 08/02/20- Rent
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- $1,895
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-
4608 Egmont Dr Bradenton, FL 3
- 4 beds 2 baths ∙ 2,736 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,736 Sqft ∙ Built 2002
LEASED 08/11/20- Rent
- Rent Per SQFT
- $1,995
- $0.73
-
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LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,000
- $0.88
PROPERTY LISTING DETAILS
1.941.706.8283
Keller Williams Realty Select
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4484262
Last Updated: 11/20/2020
