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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $148.86
- 7 Days on Market
- MLS # : A4484485
- Updated Date : 11/24/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,713 sqft
- Baths : 2 full
Listing Agent
Tim Lester Internat'l Realty
Listing Agent's Description
Easy Commute! This 3 bedroom, 2 bathroom split floor plan is located on the corner lot of the cul-de-sac. Enjoy the open floor plan featuring the dining and living area off the kitchen. The master suite is large with an en-suite master bath that boasts two walk-in closets, dual sinks, and a garden tub. Located across the street from the community pool in the very desirable community of Waterford. The home has new carpet, freshly painted interior, and AC unit less than 2 years old. No CDD and Low HOA! Conveniently located by I-75 and I-275 for an easy commute to St. Petersburg/Tampa or Bradenton/Sarasota. Near the Ellenton Outlet Mall, restaurants, shopping, and a short drive to our beautiful Gulf beaches. Don’t wait, call Today for an appointment!
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: Waterford
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waterford
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$941 |
| Property Tax | -$260 | |
| Property Insurance | -$141 | |
| HOA | -$68 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$200
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$255,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$73,325
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
9.92
YEARS SAVED
$42,251
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,700
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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8930 Founders Cir Palmetto, FL 1
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- $1,650
- $0.96
-
5335 Lakehurst Ct Palmetto, FL 4
- 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 2005
LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,695
- $0.99
-
9115 52nd Ave E Palmetto, FL 5
- 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2018
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.99
PROPERTY LISTING DETAILS
1.941.524.8465
Tim Lester Internat'l Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4484485
Last Updated: 11/24/2020
