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 1999
- Price/Sqft : $202.23
- 2 Days on Market
- MLS # : T3279115
- Updated Date : 12/05/2020 at 19:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,483 sqft
- Baths : 2 full
Listing Agent
Signature Realty Associates
Listing Agent's Description
The perfect place to call your home! Situated in highly sought after gated community of Cheval! Low HOA!! New roof 2019. Infinity A/C apx 4 years old. Freshly painted outside! Home features great open floor plan with 1,483 sq ft of luxurious living space! Spacious kitchen with granite countertops, breakfast bar and plenty of eat in space. Kitchen opens up to large great room with wood flooring. Slider to large covered screened oversized lanai, great for entertaining. Large master suite with his & hers vanity area at master bath, huge walk in closet and marble flooring. This home is a must see! Tons of community amenities, pool, sports courts, restaurant, golf course, fitness (membership fee's apply for Cheval amenities & golf). Minutes to Veterans!
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Cheval West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cheval West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$379 | |
| Property Insurance | -$122 | |
| HOA | -$11 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$47
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$299,900
PROJECTED PRICE
$1,700
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.33% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.57% |
| 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
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
5.67
YEARS SAVED
$22,087
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$1,698
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
5522 Terrain De Golf Dr Lutz, FL 1
- 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,700
- $1.15
-
5513 Terrain De Golf Dr Lutz, FL 2
- 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1998
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,795
- $1.18
-
19407 Morden Blush Dr Lutz, FL 3
- 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1999
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,850
- $1.10
-
1022 Torreya Way Odessa, FL 4
- 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2003
LEASED 07/28/20- Rent
- Rent Per SQFT
- $2,000
- $1.10
-
19130 Cherry Rose Cir Lutz, FL 5
- 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1997
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,095
- $1.20
PROPERTY LISTING DETAILS
1.813.689.3115
Signature Realty Associates
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3279115
Last Updated: 12/05/2020
