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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $216.69
- 6 Days on Market
- MLS # : U8110444
- Updated Date : 01/23/2021 at 08:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,246 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
Welcome to your own very private piece of paradise. No neighbors in front, back or side make this a property that will certainly not last long! Located in a beautiful, quiet community this property boasts an extra large fenced lot with your own private pond! This home has been meticulously cared for! The home has a combination of laminate flooring and ceramic tiles in the wet areas. A/C was replaced in 2015. Roof new in 2013. Light and bright eat-in kitchen with a view. The eat-in kitchen looks out onto the open great room that has lots of natural light! Desirable split bedroom plan. The master bedroom has a walk in and an additional closet. Updated guest bathroom! Enormous 28x16 screened in patio with gorgeous flooring that makes evening extremely enjoyable. A Basketball court just outside the screen door is a perfect place where you can spend time making more memories with those you care for. Around the corner is a Concrete drive for your boat or RV! Completely fenced in and NO FLOOD INSURANCE IS REQUIRED! Per the seller, the state-owned property behind the house to the south will never be developed. Great Schools! Easy access to the Veterans Expressway, Citrus Park Mall, lot's of great dining, shopping and entertainment is just minutes away! Call to schedule and make an offer before it is gone.
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: Bellamy Road
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bellamy Road
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$938 |
| Property Tax | -$332 | |
| Property Insurance | -$108 | |
| HOA | -$25 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$32
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$270,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| 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
$77,300
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
5.67
YEARS SAVED
$17,110
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$1.2
LIST RENT PER SQFT
-
$1,492
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
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6210 Turtle Creek Blvd Tampa, FL 3
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- $1,500
- $1.20
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13915 Basin St Tampa, FL 1
- 3 beds 2 baths ∙ 1,167 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,167 Sqft ∙ Built 1984
LEASED 04/10/20- Rent
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- $1,449
- $1.24
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5120 Ellendale Ave Tampa, FL 2
- 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 1980
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,500
- $1.21
-
5803 Silver Moon Ave Tampa, FL 4
- 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1987
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,625
- $1.16
-
5611 Brookdale Way Tampa, FL 5
- 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1998
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,795
- $1.18
PROPERTY LISTING DETAILS
1.727.271.6900
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8110444
Last Updated: 01/23/2021
