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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $224.67
- 2 Days on Market
- MLS # : T3281302
- Updated Date : 12/19/2020 at 20:06
CONSTRUCTION
- Beds : 3
- Floor Size : 2,221 sqft
- Baths : 2 full
Listing Agent
Flat Fee Mls Realty
Listing Agent's Description
Spectacular, impeccably maintained pool home on beautiful lake lot with southern exposure. This remodeled three bedroom, two bath home w/den has open floor plan with neutral colors and high ceilings and crown molding. Kitchen counters are granite and bathrooms have quartz with recessed lighting. Flooring is a 24" porcelain tile that looks like marble and warm tone wood laminate in the bedrooms. Many oversized windows and sliders to add in a lot of natural light. Extras include Surround sound speaker system and reverse osmosis filtered water, custom wet bar. Lanai has pavers, pool has been resurfaced, rescreened, and has salt chlorinator. Relax poolside with a gorgeous lake view and lush landscape! Nice neighborhood, A+ school district, minutes to #1 Rated Siesta Key Beach, downtown, Arts, and parks. A must-see home in a great location!
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: Three Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Three Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,480 |
| EXPENSES | Loan Payment | -$1,841 |
| Property Tax | -$467 | |
| Property Insurance | -$172 | |
| HOA | -$38 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$166
|
||
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.
$499,000
PROJECTED PRICE
$2,480
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 3.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| 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
$137,985
LOAN DETAILS
$1,841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
4.5
YEARS SAVED
$25,535
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,480
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,493
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/01/19- Rent
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- $2,200
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LEASED 06/19/20- Rent
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- $2,300
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5669 Country Walk Ln Sarasota, FL 4
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LEASED 10/26/20- Rent
- Rent Per SQFT
- $2,595
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![property image]()
LEASED 03/31/20- Rent
- Rent Per SQFT
- $2,700
- $1.12
PROPERTY LISTING DETAILS
1.813.699.9616
Flat Fee Mls Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3281302
Last Updated: 12/19/2020
