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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $168.26
- 2 Days on Market
- MLS # : O5924458
- Updated Date : 02/21/2021 at 01:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,080 sqft
- Baths : 2 full , 1 half
Listing Agent
Bex Realty, Llc
Listing Agent's Description
Your search is over! Sought after Oakley Place you will find this 4 bedrooms, 2.5 baths, 2 car garage, pool home waiting for a new owner. You will enter the home and take note of the soaring ceilings and open floor plan. This two story home has no carpet throughout. A formal dining room opens to the kitchen which features granite countertops, Samsung stainless appliances with gas stove, diagonal floor tile, and plenty of cabinetry with crown. The spacious living room has laminate floors and huge vaulted ceilings, all with views of the pool. The master suite is also on the first floor and features dual walk in closets, master bath with garden tub, separate shower, water closet, dual sinks and granite counters. On the second floor you will find three spacious bedrooms, all with laminate flooring. This is the only home in the community that has solar panels on the roof which are owned not leased. These panels have cut the owner's electric bill substantially as well as heat the saltwater pool. This home is near the Ellenton Outlet Mall and an easy commute to Tampa, St. Pete, Bradenton, Sarasota with I-75 access close by. This is the only pool home available in the area so don't miss it.
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
Zip Code: 34222
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34222
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$352 | |
| Property Insurance | -$164 | |
| HOA | -$63 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$143
|
||
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.
$349,990
PROJECTED PRICE
$1,780
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| 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
$98,497
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,498 |
| Loan Amount | $262,493 |
3.67
YEARS SAVED
$11,791
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,851
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
6032 36th Ct E Ellenton, FL 2
- 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,780
- $0.86
-
6028 36th Ct E Ellenton, FL 1
- 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2004
LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,650
- $0.79
-
5718 French Creek Ct Ellenton, FL 3
- 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2006
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,795
- $0.88
-
5711 Broad River Run Ellenton, FL 4
- 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2015
LEASED 11/04/20- Rent
- Rent Per SQFT
- $1,900
- $0.93
-
4611 Trout River Xing Ellenton, FL 5
- 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,925
- $0.96
PROPERTY LISTING DETAILS
1.407.492.8559
Bex Realty, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5924458
Last Updated: 02/21/2021
