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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $162.13
- 2 Days on Market
- MLS # : T3280357
- Updated Date : 12/13/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,640 sqft
- Baths : 2 full
Listing Agent
Realnet Florida Real Estate
Listing Agent's Description
This Hanover Model features three beds, two baths, two car garage with epoxy floor, spacious split floor plan, sturdy concrete block construction, all hip roof, Designer color architectural shingles, 360 degree seamless gutters system, covered front entry and covered back patio that has been screened in to take advantage of 160 square feet of outdoor living space, 20Ft wide oversized driveway with concrete culvert pipe. As you enter through the front door you will find an open concept living space with vaulted ceilings and durable porcelain, tile throughout. The kitchen boasts GRANITE countertops, 6 foot Island, stainless steel appliances, all wood cabinets, and Soft close cabinet doors & Drawers. The master suite features lots of space for furniture, dual sinks in bathroom, large shower and spacious walk-in closet. Bathroom two provides a shower and tub combination and is perfectly located between the two secondary bedrooms. The yard is beautifully landscaped and fully irrigated with a rain-bird system. This East Englewood home is within minutes of beaches, shopping, restaurants, and great fishing. If you have been looking for an affordable home where you too can live the Florida lifestyle look no further! The Hanover is the best value new construction home in southwest Florida. This is a newer home that is 100% complete, certificate of occupancy was issued earlier this year in 2020.
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: 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 | $1,600 |
| EXPENSES | Loan Payment | -$981 |
| Property Tax | -$318 | |
| Property Insurance | -$133 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$38
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 6% of earned rent to cover both maintenance and periods of vacancy.
$265,900
PROJECTED PRICE
$1,600
PROJECTED RENT
0.60%
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) | 3.00% |
| 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
$72,464
LOAN DETAILS
$981
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,475 |
| Loan Amount | $199,425 |
6.92
YEARS SAVED
$26,232
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,599
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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6262 Spinnaker Blvd Englewood, FL 3
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2019
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- Rent
- Rent Per SQFT
- $1,600
- $0.98
-
9276 Steubenville Ave Englewood, FL 1
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LEASED 09/10/20- Rent
- Rent Per SQFT
- $1,600
- $0.87
-
6050 Hooper Ln Englewood, FL 2
- 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2008
![property image]()
LEASED 11/24/20- Rent
- Rent Per SQFT
- $1,600
- $0.98
-
10371 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 07/30/20- Rent
- Rent Per SQFT
- $1,625
- $1.01
-
10363 Grail Ave Englewood, FL 5
- 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
PROPERTY LISTING DETAILS
1.813.288.8000
Realnet Florida Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3280357
Last Updated: 12/13/2020
