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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $164.32
- 5 Days on Market
- MLS # : U8106723
- Updated Date : 12/11/2020 at 18:07
CONSTRUCTION
- Beds : 3
- Floor Size : 2,738 sqft
- Baths : 3 full
Listing Agent
Orchid Realty Team Inc
Listing Agent's Description
Paradise at Eastlake! This elegant 3 bedroom; 3 bath with extra room for nice pool. A must-see! It has been fully renovated and it's just waiting for you to call it "HOME". Spanning over 2700 sq ft of living space with an open floor plan filled with natural light, soaring ceilings and absolutely stunning tile, wood floors and new paint throughout. The grand double door at the entryway draws you into a bright and opulent formal living room and dinning room areas, and into the elegant chef's kitchen featuring all brand new stainless steel appliances, wood cabinetry, marvelous granite counters, a center island, closet pantry and breakfast nook. The family room is very spacious. The ample master suite features tile floors, vault ceilings, views to enclosed Florida room and lanai and a completely redone master bath offering a soaking jetted tub, separate shower with a brand new frameless door, new cabinets and dual sinks. All bedrooms are great size, with big closets and good lighting. One extra room can be use for an office or gameroom located off family room. The home is located in highly sought-after gated community of Eastlake, with low HOA fees, top rated schools and within minutes to great shops, restaurants, hospitals, parks and I-75. Nice bonus...gorgeous Siesta Key is just 10 minutes away! Schedule your tour soon! Buyer and buyer's agent to verify all infos.
SEE MORE
- #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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Eastlake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eastlake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,860 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$421 | |
| Property Insurance | -$204 | |
| HOA | -$83 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$363
|
||
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.
$449,900
PROJECTED PRICE
$2,860
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 4.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$124,974
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,475 |
| Loan Amount | $337,425 |
10.25
YEARS SAVED
$78,581
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,860
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$2,273
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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- $2,600
- $0.84
PROPERTY LISTING DETAILS
1.727.218.2319
Orchid Realty Team Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8106723
Last Updated: 12/11/2020
