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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $189.29
- 3 Days on Market
- MLS # : U8110356
- Updated Date : 01/22/2021 at 14:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,324 sqft
- Baths : 2 full
Listing Agent
Charles Rutenberg Realty Inc
Listing Agent's Description
Florida Lifestyle….that’s what you’ll enjoy when you make this home your own! Lake Valencia is a highly sought after community offering central location to schools, dinning, shopping, parks, entertainment, and some of the best beaches in the world! The huge corner lot welcomes you, starting from the curb appeal where the landscaping is amazing! The spacious “Open Concept” floor plan greets you at the door in this meticulously remodeled beauty. The large living room/kitchen has vaulted ceilings and an oversized island great for entertaining. The home features an incredible master bedroom suite and split floor plan with 3 spacious guest bedrooms. Or you could convert 1 or more to den/office space if needed. There is also expansive storage in both the garage and overhead in the attic access areas. Some of the many improvements include: Brand new roof with transferable warranty 2021, HVAC 2013, Whole house duct replacement 2017, White vinyl fence 2017 and Master Bathroom renovation 2017. Finally step outside to the patio/salt pool/lanai area that’s calling you to relax in the private backyard and enjoy the true Florida Lifestyle!
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Lake Valencia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Valencia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,630 |
| EXPENSES | Loan Payment | -$1,528 |
| Property Tax | -$554 | |
| Property Insurance | -$172 | |
| HOA | -$15 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$233
|
||
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.
$439,900
PROJECTED PRICE
$2,630
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.3% |
| 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
$122,324
LOAN DETAILS
$1,528
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $109,975 |
| Loan Amount | $329,925 |
9.25
YEARS SAVED
$55,999
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,630
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$2,591
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
5067 Lake Valencia Blvd E Palm Harbor, FL 3
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- Rent
- Rent Per SQFT
- $2,630
- $1.13
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964 Valley View Cir Palm Harbor, FL 1
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LEASED 01/08/21- Rent
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- $2,100
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5023 Orange Grove Way Palm Harbor, FL 2
- 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1986
LEASED 07/27/19- Rent
- Rent Per SQFT
- $2,200
- $1.10
-
758 Timuquana Ln Palm Harbor, FL 4
- 3 beds 2 baths ∙ 2,361 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,361 Sqft ∙ Built 1988
LEASED 03/18/20- Rent
- Rent Per SQFT
- $2,795
- $1.18
-
230 Old Oak Cir Palm Harbor, FL 5
- 4 beds 2 baths ∙ 2,482 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,482 Sqft ∙ Built 1993
LEASED 06/02/20- Rent
- Rent Per SQFT
- $2,800
- $1.13
PROPERTY LISTING DETAILS
1.727.277.0134
Charles Rutenberg Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8110356
Last Updated: 01/22/2021
