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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $171.35
- 3 Days on Market
- MLS # : T3285350
- Updated Date : 01/23/2021 at 14:45
CONSTRUCTION
- Beds : 3
- Floor Size : 2,276 sqft
- Baths : 2 full , 1 half
Listing Agent
Freyre Real Estate, Llc
Listing Agent's Description
Located in the Coveted FishHawk Ranch West, this must see Ashton Woods built home will not stick around long at all. This 2 story 2016 built home features 3 beds, 2 1/2 baths, an office/den & a 2 car detached garage with a rear covered lanai, open courtyard on a corner lot. A covered entry greets you as you approach the entrance of the home. Upon entry, you are welcomed into the generously sized family room, from the foyer. Through the well lit family room you pass the office/den, conveniently placed near the powder room & opposite the naturally lit staircase. Continuing through to the Dining Room, Kitchen combination area you are provided with plenty of space for you to entertain & host, along with a handful of windows for ample amounts of lighting in the dining. The Kitchen features 42" Timberlake cabinetry with Crown molding, a gas range, oversized island, Quartz countertops, recessed can lighting, dual pendant fixtures, new dishwasher September 2020, large double basin sink, herringbone patterned marble backsplash & a couple of windows allowing loads of luminating prowess during the day. When ascending the stairs to the second floor, you will find the owners suite, 2 additional bedrooms, laundry & a spare bathroom for Bedrooms 2 & 3 to share. The well sized owners suite will accommodate the largest of furniture with ceiling fan & a private en suite boasting an oversized shower, dual sinks, comfort height granite counters, a walk in closet, linen & a private water pantry. Bedroom 2 is of good size, has a walk in closet & ceiling fan. Heading back downstairs and out of the rear of the home you will find the rear covered lanai, looking upon a courtyard, leading to the detached & nicely sized 2 car garage. All window sills throughout the home are detailed with molded accents providing a nice fit & finish to the wonderful amount of windows about the home. There are gas drops for range, dryer & water heater. This Cottage Style home in this fantastic community is amazing & the lake house is a joy where you can enjoy the open game room, playground, fitness center, clubhouse, firepit or take in the gorgeous lake setting! The pool area is inviting & located convenient to the dog park. With most of the sought after schools in the Fishhawk area & what this community has to offer, you may want to get this home under contract before someone beats you to it!
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: FishHawk Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: FishHawk Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,230 |
| EXPENSES | Loan Payment | -$1,355 |
| Property Tax | -$659 | |
| Property Insurance | -$169 | |
| HOA | -$34 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$116
|
||
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.
$390,000
PROJECTED PRICE
$2,230
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.33% |
| Appreciation Year (1-5) | 3.6% |
| 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
$109,100
LOAN DETAILS
$1,355
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
4.42
YEARS SAVED
$16,633
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,339
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/19/20- Rent
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- $2,400
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LEASED 08/10/20- Rent
- Rent Per SQFT
- $2,650
- $1.08
PROPERTY LISTING DETAILS
1.813.562.4033
Freyre Real Estate, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3285350
Last Updated: 01/23/2021
