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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $150.86
- 8 Days on Market
- MLS # : W7828444
- Updated Date : 11/19/2020 at 22:35
CONSTRUCTION
- Beds : 4
- Floor Size : 2,200 sqft
- Baths : 2 full
Listing Agent
54 Realty Llc
Listing Agent's Description
Beautiful 4 bedroom, 2 bathroom, single story home in Lithia. Arriving at this home, you are welcomed into a tiled foyer. To the right you have a large bedroom with double doors that could also serve as an office or den. Continuing into the home, you have a private formal dining room with high ceilings and large picture window for ample natural light. The spacious kitchen features wood cabinets, stainless steel appliances, gas double oven range, and ample counter space. Overlooking the kitchen is the large family room with arched entryways and high ceilings. The primary bedroom of the home boasts wood floors, ceiling fan, and an en suite bathroom with dual sinks, soaking tub, walk-in shower and large closet. The home is complete with 2 additional bedrooms, full bathroom, and bonus room with large sliding doors leading to the tree-lined backyard. Located in the highly desirable FishHawk Ranch neighborhood in Lithia, you are convenient to shops, A-rated schools, Tampa, Brandon, and Sarasota.
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fishhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,225 |
| Property Tax | -$561 | |
| Property Insurance | -$164 | |
| HOA | -$4 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$84
|
||
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.
$331,900
PROJECTED PRICE
$1,950
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.33% |
| Appreciation Year (1-5) | 3.4% |
| 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
$93,704
LOAN DETAILS
$1,225
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,975 |
| Loan Amount | $248,925 |
4.67
YEARS SAVED
$18,948
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,958
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
6201 Gannetdale Dr Lithia, FL 3
- 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,950
- $0.89
-
15502 Martinmeadow Dr Lithia, FL 1
- 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2004
![property image]()
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,750
- $0.82
-
6329 Bridgecrest Dr Lithia, FL 2
- 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2005
![property image]()
LEASED 09/08/20- Rent
- Rent Per SQFT
- $1,899
- $0.89
-
6035 Gannetdale Dr Lithia, FL 4
- 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 2004
![property image]()
LEASED 08/04/20- Rent
- Rent Per SQFT
- $2,045
- $0.92
-
15516 Gannetglade Ln Lithia, FL 5
- 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 2004
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,065
- $0.93
PROPERTY LISTING DETAILS
1.813.435.5411
54 Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7828444
Last Updated: 11/19/2020
