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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $111.37
- 3 Days on Market
- MLS # : T3280147
- Updated Date : 12/12/2020 at 10:07
CONSTRUCTION
- Beds : 3
- Floor Size : 2,155 sqft
- Baths : 2 full
Listing Agent
Re/max Realty Unlimited
Listing Agent's Description
MOVE-IN ready 3 bedroom 2 bath with a POOL home that you have been looking for! New Roof and Solar panels installed in 2018. New Water heater installed in 2019. The pool area includes a Tiki bar with a sink, great for Hosting! You can also find an outside shower near the pool to allow you and your guest to rinse off before heading back inside. This home includes a large kitchen with a breakfast bar. The primary bedroom is large in size, with a nicely updated bathroom with a newly remodeled shower, and WALK-IN closet! This split floor plan gives your primary bedroom the privacy you are looking for. No HOA, no CDD, and No Flood Zone. Schedule a showing today!
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: La Villa Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: La Villa Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$267 | |
| Property Insurance | -$162 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$97
|
||
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.
$240,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 12.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| 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
$69,350
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
8.25
YEARS SAVED
$29,912
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,774
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
5610 Dolores Dr Holiday, FL 1
- 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,540
- $0.71
-
3031 Shadow Oaks Dr Holiday, FL 2
- 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1984
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,600
- $0.84
-
1725 Tumbleweed Dr Holiday, FL 3
- 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1979
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,600
- $0.82
-
6140 Glenwood Dr New Port Richey, FL 4
- 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1973
LEASED 12/06/19- Rent
- Rent Per SQFT
- $1,700
- $0.81
PROPERTY LISTING DETAILS
1.813.446.2630
Re/max Realty Unlimited
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3280147
Last Updated: 12/12/2020
