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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $164.90
- 5 Days on Market
- MLS # : A4486644
- Updated Date : 01/07/2021 at 10:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,638 sqft
- Baths : 2 full
Listing Agent
Re/max Alliance Group
Listing Agent's Description
One or more photo(s) has been virtually staged. Found in the heart of the Palmer Ranch area is this spacious and well cared for Hamptons home. Extra large kitchen featuring gas appliances, bar top seating, ample counter space and island will provide what you are looking for in your new to you home. Just adjacent to the Kitchen is a flex space that could feature a breakfast nook or would make an ideal area for a music room or hobbies. The floor plan of the Family room and Dining room are shared in an open concept that boasts tall ceilings, gorgeous wood look porcelain tile floors and an ideal layout for entertaining or relaxing. Your personal escape can be found behind the doors of the Master bedroom and en suite which features a large garden bath tub, stand alone shower and private water closet adjoined with a very spacious walk in closet. Three guest bedrooms share a common hallway and guest bath which are separate front the Master En Suite. Your very own screened in, custom heated saline pool and outdoor space provides you with your own private oasis, filled with tropical flora and fauna, including a stand of fruit producing banana trees. Exclusive access to The Hamptons recreation area is provided to residents, which features a sun drenched pool and clubhouse. This community is centrally located, within minutes to the beaches and close to plenty of shopping and schools, in a rapidly developing and highly desirable area.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: The Hamptons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Hamptons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,660 |
| EXPENSES | Loan Payment | -$1,511 |
| Property Tax | -$444 | |
| Property Insurance | -$198 | |
| HOA | -$112 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$267
|
||
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.
$435,000
PROJECTED PRICE
$2,660
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 2.8% |
| 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
$121,025
LOAN DETAILS
$1,511
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $108,750 |
| Loan Amount | $326,250 |
9.17
YEARS SAVED
$55,103
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,660
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,658
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
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7273 Monarda Dr Sarasota, FL 3
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LEASED 11/30/20- Rent
- Rent Per SQFT
- $2,500
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6255 Sturbridge Ct Sarasota, FL 5
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LEASED 08/08/20- Rent
- Rent Per SQFT
- $2,790
- $1.06
PROPERTY LISTING DETAILS
1.407.460.1564
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4486644
Last Updated: 01/07/2021
