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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $174.52
- 5 Days on Market
- MLS # : T3273984
- Updated Date : 11/04/2020 at 14:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,260 sqft
- Baths : 2 full
Listing Agent
Speed Equity Realty Llc
Listing Agent's Description
Beautiful single-family home, located in a highly desirable community. This home is perfect for anyone who wants to enjoy city of Temple Terrace and surroundings. Close to everything; dining, schools, medical facilities & Busch Gardens. Approximately 5 minutes’ drive to Busch Gardens, 10 minutes’ drive to Seminole Hard Rock Hotel & Casino, VA Hospital and USF Tampa Campus. Impressive one-story, three bedrooms, two bathrooms and 1 car garage home. Spacious one car garage and driveway that can fits more cars. Nice kitchen with breakfast bar. The roof was replaced in 2020, new a/c, fresh exterior paint. Carpet and ceramic tile flooring. Very nice back yard. Lower HOA fees.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Temple Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Temple Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$811 |
| Property Tax | -$265 | |
| Property Insurance | -$109 | |
| HOA | -$28 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$17
|
||
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.
$219,900
PROJECTED PRICE
$1,310
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 14.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| 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
$64,024
LOAN DETAILS
$811
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,975 |
| Loan Amount | $164,925 |
6.42
YEARS SAVED
$18,998
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,304
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
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- $1,200
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LEASED 03/01/20- Rent
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- $1,300
- $0.99
-
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- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2002
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,300
- $1.08
-
8512 Lazy River Dr Tampa, FL 5
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LEASED 05/21/19- Rent
- Rent Per SQFT
- $1,350
- $1.07
PROPERTY LISTING DETAILS
1.813.477.3824
Speed Equity Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3273984
Last Updated: 11/04/2020
