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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $130.11
- 3 Days on Market
- MLS # : A4486947
- Updated Date : 12/26/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,252 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Alliance Group
Listing Agent's Description
PRICED TO SELL. Looking for new construction but don't have the time or patience to build? This two-story, sitting on a corner lot barely lived in home has over $25,000 in after market upgrades. All concrete block constructed home has a large open-concept downstairs with a kitchen overlooking the living and dining room. Upstairs, the large owner’s suite includes a big walk-in closet and ensuite bathroom with linen closet. Three other bedrooms share a second bathroom. The loft at the top of the stairs provides extra space for work and play, as well as an additional closet for even more storage space.YES, $25,000 upgrades including, Water filter System, Fence to security. A wonderful back yard paved on bricks to have family reunions. Perfect location with easy commute to Ellenton Premium Outlets, I-75, I-275, US-301, St Pete, Bradenton, Brandon, Beaches, restaurants and much more. Don't miss this one in a lifetime opportunity.
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
Zip Code: 34221
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34221
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,980 |
EXPENSES | Loan Payment | -$1,081 |
Property Tax | -$299 | |
Property Insurance | -$174 | |
HOA | -$44 | |
Property Management Fees | -$129 | |
CASH FLOW
$253
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 7% of earned rent to cover both maintenance and periods of vacancy.
$293,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.68%
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) | 3.00% |
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
$79,645
LOAN DETAILS
$1,081
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $73,250 |
Loan Amount | $219,750 |
11
YEARS SAVED
$58,545
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,980
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,689
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.941.586.3465
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4486947
Last Updated: 12/26/2020