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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $160.98
- 8 Days on Market
- MLS # : U8106040
- Updated Date : 12/04/2020 at 18:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,553 sqft
- Baths : 2 full , 1 half
Listing Agent
Renaissance Real Estate
Listing Agent's Description
Your Tropical Paradise Awaits!! Two story home built in 2004 features 3 bedrooms and 2.5 baths and a 1 car attached garage. Stairway to bedrooms on second story overlooks living room area with lots of natural light through high rise ceilings and windows. Beautifully landscaped grounds with Florida friendly native plants and trees. Xeriscape, low maintenance yard. Your private oasis back yard is perfect for entertaining or relaxing. Enjoy the low traffic and extra parking opportunities of a cul-de-sac. Easy access to main roads and short distance from businesses and beaches. New business developments a short stroll away offer family friendly entertainment, multiple shopping opportunities and various dining options. Not in a flood zone! Ready to close! FHA and VA welcome. Don't miss this opportunity!
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Kakusha
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kakusha
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$305 | |
| Property Insurance | -$127 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$468
|
||
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.
$250,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 7.4% |
| 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
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
14.5
YEARS SAVED
$68,920
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$1,972
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
501 13th Ave Nw Largo, FL 3
- 3 beds 3 baths ∙ 1,553 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,553 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,950
- $1.26
-
1333 S Madison Ave Clearwater, FL 1
- 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2006
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,500
- $1.22
-
1650 S Betty Ln Clearwater, FL 2
- 4 beds 3 baths ∙ 1,568 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,568 Sqft ∙ Built 1987
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,950
- $1.24
-
1320 Alexander Way Clearwater, FL 4
- 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 1998
LEASED 04/10/20- Rent
- Rent Per SQFT
- $2,500
- $1.35
PROPERTY LISTING DETAILS
1.727.504.9352
Renaissance Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8106040
Last Updated: 12/04/2020
