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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $184.39
- 2 Days on Market
- MLS # : T3276050
- Updated Date : 11/14/2020 at 09:25
CONSTRUCTION
- Beds : 4
- Floor Size : 1,871 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Residential
Listing Agent's Description
Golf Course home in Northdale with 4 bedrooms, 2.5 bath with large covered lanai! Golf Course views from most rooms. Double pane windows and sliding glass doors throughout. This home offers wood floors in the main living areas and carpet in the bedrooms. Lots of storage closets and more storage in the oversized laundry room. Vaulted ceilings in the Master bedroom, with skylights and walk in closet. The Master bath offers dual sinks, granite counters and wood cabinets. 1/2 bath off the kitchen is great for guests. Separate Formal Living and Dining rooms. The Kitchen offers an abundance of wood cabinets and granite counters, and island with more storage, tile backsplash, stainless steel appliance package, separate dinette and opens to the Family room with vaulted ceiling, wood burning fireplace, skylights and sliding glass doors to the lanai. 3 guest bedrooms on the other side of the home share a guest bath. The large covered lanai with tiled floor is a great place to enjoy the golf course views, or entertain! Great location near shopping, dining and highways!
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: 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 | $1,800 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$424 | |
| Property Insurance | -$144 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$121
|
||
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.
$345,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.52%
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
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
4.5
YEARS SAVED
$18,306
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,782
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/29/20- Rent
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- $1,775
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- 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 1978
LEASED 03/16/20- Rent
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- $1,800
- $0.93
-
16133 Gardendale Dr Tampa, FL 4
- 4 beds 3 baths ∙ 1,934 Sqft ∙ Built 1982 4 beds 3 baths ∙ 1,934 Sqft ∙ Built 1982
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,825
- $0.94
-
4706 Fox Hunt Dr Tampa, FL 5
- 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1982
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,995
- $0.99
PROPERTY LISTING DETAILS
1.813.908.7293
Coldwell Banker Residential
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3276050
Last Updated: 11/14/2020
