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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $182.01
- 3 Days on Market
- MLS # : T3291042
- Updated Date : 02/19/2021 at 09:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,923 sqft
- Baths : 2 full
Listing Agent
Eaton Realty,llc
Listing Agent's Description
This charming bungalow style 3 bedrooms, 2 baths, home is situated on a quiet cul-de-sac and no neighbors to the east providing all the privacy you need. Stroll up the paved walkway to a welcoming cozy front porch – the perfect spot to sit outside and unwind. Enter the home to a bright and open layout with crown molding, hardwood flooring in the main living areas, ceramic tile in the wet areas, and plush carpeting in the bedrooms. Off the foyer is the spacious living/dining room combo with hardwood floors and an abundance of windows for natural light. Continue to the kitchen with a full appliance suite, plenty of crowned cabinets, and counter space. The large prep-island overlooks the large great room with hardwood flooring adding a warm feel to the home. Triple sliders open out to your expansive covered screened-in lanai where you’ll enjoy entertaining, grilling, and relaxing in the beautiful year-round Florida weather. A large privacy fenced-in yard offers additional entertaining space and room for the four-legged family members to roam. The sizable private master suite has beautiful tray ceilings, a large walk-in closet, and sliders out to the lanai. The en-suite bath has an enormous walk-in shower, dual sink vanity, water closet, and the second walk-in closet. The remaining roomy bedrooms are off the kitchen and share a hall full-sized bath. Come and put your personal touches on this delightful property. Situated in a friendly community this home is close to the community pool and playground and is convenient to shopping, dining, activities, schools, and commuter routes.
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: Cheval
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cheval
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$464 | |
| Property Insurance | -$148 | |
| HOA | -$80 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$117
|
||
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.
$350,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.6% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
4.42
YEARS SAVED
$14,882
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,106
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
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- $2,300
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PROPERTY LISTING DETAILS
1.813.767.1162
Eaton Realty,llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291042
Last Updated: 02/19/2021
