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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $152.49
- 9 Days on Market
- MLS # : A4486619
- Updated Date : 12/25/2020 at 22:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,492 sqft
- Baths : 3 full
Listing Agent
Blakeley & Associates Realty
Listing Agent's Description
Come see this beautiful Arlington model home built by Ryland Homes nestled within the Oakleaf Hammock Community. This family friendly home features 4 bedrooms, 3 baths PLUS a HOME OFFICE for those virtual workers! From the walk up, to the entry through the French doors, you will be amazed by the spacious view of this SPLIT PLAN beauty. This home boasts a Large FORMAL area with separate Formal Living & Dining space. Enjoy family time in the spacious family room with open kitchen & breakfast nook area. Great for entertaining or a quiet evening for two. The kitchen has stainless steel appliances, granite countertops on all counters & upgraded cabinetry, recessed lights throughout the home. SURROUND SOUND in kitchen/living room & lanai and many other convenient prewires. Split Master Suite has master bath with walk in shower & built in seat, separate tub and dual sinks with granite countertops & extra large WALK-IN closet. 3 car garage & water filtration system attached to water heater. Enjoy the outdoors on your lanai overlooking a lovely lake. This community features a security gate, sidewalks, playground, picnic area & basketball court. Low HOA fees & No CDD fees. Convenient to I-75, Skating Rink & Ellenton Prime Outlets & various shopping. 30-45 min commute North to Tampa, St. Petersburg, Brandon, or south to Sarasota.
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: Oakleaf Hammock
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oakleaf Hammock
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,402 |
| Property Tax | -$382 | |
| Property Insurance | -$189 | |
| HOA | -$100 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$122
|
||
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.
$380,000
PROJECTED PRICE
$2,080
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 3.9% |
| Maintenance Year (1-5) | 8.00% |
| 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
$106,450
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
4.33
YEARS SAVED
$18,169
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,869
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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5514 69th Pl E Ellenton, FL 4
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5810 100th Ave E Parrish, FL 1
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- $1,750
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4175 Day Bridge Pl Ellenton, FL 2
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LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,775
- $0.75
-
6603 49th Ct E Ellenton, FL 3
- 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2013
LEASED 12/06/19- Rent
- Rent Per SQFT
- $1,985
- $0.80
-
4615 Halls Mill Xing Ellenton, FL 5
- 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2011
LEASED 07/18/20- Rent
- Rent Per SQFT
- $2,125
- $0.76
PROPERTY LISTING DETAILS
1.941.822.9049
Blakeley & Associates Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4486619
Last Updated: 12/25/2020
