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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $193.11
- 4 Days on Market
- MLS # : U8108336
- Updated Date : 12/31/2020 at 17:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,859 sqft
- Baths : 2 full
Listing Agent
Coastal Properties Group
Listing Agent's Description
CHEVAL -POOL HOME! We welcome you to view this beautiful 3 bedroom, 2 bath, 2 car garage residence located on TPC GOLF COURSE. Drive through your privately gated community into a quiet and quaint section of Cheval with little through-traffic. This location boasts grade -A school district ( McKitrick, Martinez, & Steinbrenner), optional social membership including golf packages, fitness, tennis, clubhouse, restaurants, and parks! Minutes from the veterans expressway this home has easy access to everything Tampa Bay has to offer : downtown Tampa , nearby beaches, airport, and shops-restaurants ! Step inside you will be delighted with the split floor plan, two bedrooms ( one features hard wood flooring the other vinyl wood flooring ), a full bath with hallway access to laundry ( inside ), a two car garage equipped with built in storage cabinets and custom epoxy flooring ! The master en-suite( vinyl wood flooring ) has a walk-in closet, large bathroom with dual sinks, stand in glass shower, garden tub, and access door to pool area. The main living areas have crown molding, new ceiling fans, separate living room ( carpeted) - family room ( hardwood), and sliding glass doors to outside-lanai. Kitchen has space for eating and solid-wood cabinetry. The private pool screened in lanai area has a beautiful pool overlooking a very private ( no backside neighboring homes) backyard full of palm trees, and plenty of pool-deck space to entertain! Upgrades to home include NEW ROOF 2016, water heater 2017, pool pump 2017, pool heater 2018, new screens for lanai 2018, and NEW AC 2019. Book your appointment now ! This home is Florida living at its best !
SEE MORE
- #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.
- 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)
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 | $1,990 |
| EXPENSES | Loan Payment | -$1,325 |
| Property Tax | -$477 | |
| Property Insurance | -$144 | |
| HOA | -$11 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$96
|
||
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.
$359,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.55%
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
$100,885
LOAN DETAILS
$1,325
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,750 |
| Loan Amount | $269,250 |
5.17
YEARS SAVED
$22,278
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,817
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,785
- $1.03
-
5610 Terrain De Golf Dr Lutz, FL 2
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LEASED 10/25/19- Rent
- Rent Per SQFT
- $1,799
- $0.97
-
19104 Cherry Rose Cir Lutz, FL 3
- 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 1996
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LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,800
- $0.91
-
5505 Terrain De Golf Dr Lutz, FL 4
- 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1998
![property image]()
LEASED 08/05/19- Rent
- Rent Per SQFT
- $1,850
- $1.00
PROPERTY LISTING DETAILS
1.813.748.3070
Coastal Properties Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8108336
Last Updated: 12/31/2020
