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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $186.42
- 2 Days on Market
- MLS # : T3291246
- Updated Date : 02/20/2021 at 08:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,548 sqft
- Baths : 3 full
Listing Agent
Offerpad Brokerage
Listing Agent's Description
Welcome home to this beautiful 4/3 home located on Lake Reflection in the sought after Reflections subdivision. This large open and split floor plan with a 2,000 square foot screened in pool/spa/patio/lanai with brick pavers overlooking Lake Reflection. Salt water pool features a gas heater and remote control automation. Home features neutral paint throughout and engineered wood flooring in ALL common areas, carpet in the bedrooms, travertine tile in the guest bathroom, and tile and stone flooring in the master bathroom. Master bathroom includes a walk in shower, sunken garden tub, custom cabinets with lots of storage. Upstairs has a junior suite with views of Lake Reflection. Other upgrades include: electronic shade on sliding doors, gas line for a gas grill and lighting. Lots of extra storage with built in cabinets in the garage. A+ Rated schools.
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
Neighborhood: Cheval
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cheval
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,560 |
| EXPENSES | Loan Payment | -$1,650 |
| Property Tax | -$600 | |
| Property Insurance | -$185 | |
| HOA | -$80 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$83
|
||
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.
$475,000
PROJECTED PRICE
$2,560
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.6% |
| 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
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
5.33
YEARS SAVED
$26,385
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,560
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,726
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
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- $3,100
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PROPERTY LISTING DETAILS
1.813.808.0073
Offerpad Brokerage
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291246
Last Updated: 02/20/2021
