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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $187.88
- 2 Days on Market
- MLS # : T3291475
- Updated Date : 02/21/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,543 sqft
- Baths : 2 full
Listing Agent
Coastal Properties Group Inter
Listing Agent's Description
Professional photos coming soon! Welcome to this 4 bedroom 2 bath split floor plan home on a large lot in Carrollwood Meadows! Updated throughout with minimal left to make it your own, roof was replaced in 2016, AC 2014 with ductwork redone in 2016, Brand new water heater and updated exterior paint. Bathrooms redone in 2021 and also 2017 for the master with walk-in shower and granite countertops. When walking into this beautiful home you have porcelain entry with laminate floors throughout home. Great room has a vaulted ceiling and is in the center of this home. You have a large lanai to relax in at the ends of your day. Spacious enclosed backyard excluding the play set. Home also has a 2 car garage and separate laundry room. Such a great location with shopping, dining, and entertainment options nearby. Tampa International airport is 15-20 minutes away, less than a 1/2 hour to downtown Tampa, and 30-40 minutes to the beautiful gulf coast beaches!
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: Carrollwood Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carrollwood Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$357 | |
| Property Insurance | -$125 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$52
|
||
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.
$289,900
PROJECTED PRICE
$1,670
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 11.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| 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
$82,574
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
7.33
YEARS SAVED
$25,839
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,705
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
4906 Carrollwood Meadows Dr Tampa, FL 2
- 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,670
- $1.08
-
14501 Mainland Greens Pl Tampa, FL 1
- 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1978
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,500
- $1.01
-
13729 Country Court Dr Tampa, FL 3
- 4 beds 2 baths ∙ 1,524 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,524 Sqft ∙ Built 1979
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,700
- $1.12
-
5012 Headland Hills Ave Tampa, FL 4
- 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1978
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,750
- $1.17
-
15006 Naples Pl Tampa, FL 5
- 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1984
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,750
- $1.12
PROPERTY LISTING DETAILS
1.517.812.9706
Coastal Properties Group Inter
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291475
Last Updated: 02/21/2021
