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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $155.60
- 7 Days on Market
- MLS # : D6114912
- Updated Date : 11/18/2020 at 10:23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,606 sqft
- Baths : 2 full
Listing Agent
Tall Pines Realty
Listing Agent's Description
One or more photo(s) has been virtually staged. Your dream of owning a home in paradise just came true! COUNTY WATER, NO FLOOD INSURANCE REQUIRED,HURRICANE PANELS and NO HOA. This beautiful home is nestled away on a side street, but with easy access to the beach, shopping, fishing and all of the amenities the Florida lifestyle has to offer. Open the large sliders in the family room to let the beautiful tropical breezes flow through the house. The soaring ceilings and open floor plan make this house feel modern and bright. Offering plenty of room for relaxing and entertaining, the family room and kitchen open to a spacious eating area. The master bedroom is everything you want and more, offering a spacious area to rest and an en-suite bathroom with his and her sinks. The split floor plan affords you space of your own, with two well appointed bedrooms and a separate full bath with a tub on the opposite side of the home. You will not be disappointed when you step outside! Enjoy the screened lanai or watch the birds from your own back yard. Englewood Beach is only a hop skip and a jump away, or ride your bike to one of the local restaurants about a mile away. The community center with its pool, dog park, tennis courts and skate board park is less than 4 miles away! This truly is a "get away from it all" while still being close to everything. Call for your showing today! *Pictures are a virtual representation of the home's decor* Seller and the seller(s) agent(s) makes no representations, warranties, or assurances as to the accuracy or completeness of the content contain on the MLS or any other site regarding this land, including but not limited to the suitability for building, the utilities available or the status of the Home Owner's Association, if any. Buyers are strongly advised to conduct inspections and/or feasibility studies.
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: Section 62
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Section 62
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$299 | |
| Property Insurance | -$131 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$97
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.
$249,900
PROJECTED PRICE
$1,530
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.00% |
| 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
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
8
YEARS SAVED
$30,393
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,526
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
6142 Oconnel St Englewood, FL 2
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,530
- $0.95
-
10327 Waterford Ave Englewood, FL 1
- 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 2006
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $900
- $0.57
-
10371 Grail Ave Englewood, FL 3
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018
![property image]()
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,625
- $1.01
-
10363 Grail Ave Englewood, FL 4
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018
![property image]()
LEASED 10/03/20- Rent
- Rent Per SQFT
- $1,665
- $1.04
-
10204 Deerwood Ave Englewood, FL 5
- 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1989
![property image]()
LEASED 09/29/20- Rent
- Rent Per SQFT
- $2,000
- $1.18
PROPERTY LISTING DETAILS
1.941.268.4837
Tall Pines Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: D6114912
Last Updated: 11/18/2020
