Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
INVESTimate
$220,000
List Price
$64,050
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $171.61
- 3 Days on Market
- MLS # : T3261179
- Updated Date : 08/25/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,282 sqft
- Baths : 2 full
Listing Agent
Homexpress Realty, Inc.
Listing Agent's Description
Come check out this amazing home in the heart of Wesley Chapel in the New River Lakes community. MOVE IN READY !When you enter the front door you will see the beautiful open living room . Kitchen has been fully redone with new solid wood cabinets and new granite counter tops. The floor has been updated as well with new lamanite flooring. Off the kitchen you have a dinning room and slidding doors that lead out to an amazing screened in back porch.Plus you still have a good size back yard . This home won't last long ! 4 bedrooms 2 baths . Community features a pool and playground Call today for a showing! Only minutes from the stores and I75. ** Buyer is to verify room size **
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: New River Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New River Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,290 |
EXPENSES | Loan Payment | -$812 |
Property Tax | -$244 | |
Property Insurance | -$111 | |
HOA | -$101 | |
Property Management Fees | -$80 | |
CASH FLOW
-$58
|
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.
$220,000
PROJECTED PRICE
$1,290
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.27% |
Appreciation Year (1-5) | 7.30% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.26% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,050
LOAN DETAILS
$812
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $55,000 |
Loan Amount | $165,000 |
5
YEARS SAVED
$13,033
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,250
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.813.504.0934
Homexpress Realty, Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3261179
Last Updated: 08/25/2020