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 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
-
5105 Old Turner Ln Palmetto, FL 5
- 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,980
- $0.88
-
5814 New Paris Way Ellenton, FL 1
- 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2003
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,300
- $0.63
-
6028 36th Ct E Ellenton, FL 2
- 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2004
LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,650
- $0.79
-
5995 Willows Bridge Loop Ellenton, FL 3
- 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 2007
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,699
- $0.83
-
4175 Day Bridge Pl Ellenton, FL 4
- 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2006
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,775
- $0.75
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
