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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $157.48
- 3 Days on Market
- MLS # : W7829307
- Updated Date : 12/19/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,025 sqft
- Baths : 2 full
Listing Agent
54 Realty Llc
Listing Agent's Description
Wonderful 3 bedroom +office/den, 2 bathroom, 2 car garage single story home in Palmetto. Upon arriving at this home, you are welcomed into a foyer that leads to the office on the right and then on forward to a spacious family room/dinning room/ Kitchen combo, high ceilings, and a large sliding door that leads to the porch. The kitchen is equipped with a large pantry, ample cabinet and counter space, plus a large Island with breakfast bar. Overlooking the kitchen is the family room with high ceilings, laminate floors, and fan. This home has a split bedroom floorplan that you will love. The primary bedroom features carpet, high ceilings, large walk-in closet, and an en suite bathroom with double sinks, soaking tub, separate water closet and a walk-in shower. Outside, you can relax on your covered patio with views of the large fully fenced back yard. Located in Palmetto, this home is convenient to shops, restaurants, and I-75 for an easy commute to Tampa, Beaches and surrounding areas.
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: Sheffield Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sheffield Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$349 | |
| Property Insurance | -$160 | |
| HOA | -$77 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$102
|
||
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.
$318,900
PROJECTED PRICE
$1,790
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 7.5% |
| 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
$90,259
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,725 |
| Loan Amount | $239,175 |
4.42
YEARS SAVED
$15,791
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,797
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 01/06/20- Rent
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- $1,675
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5995 Willows Bridge Loop Ellenton, FL 3
- 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 2007
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,699
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-
4611 Trout River Xing Ellenton, FL 5
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LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,925
- $0.96
PROPERTY LISTING DETAILS
1.813.435.5411
54 Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7829307
Last Updated: 12/19/2020
