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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $144.85
- 4 Days on Market
- MLS # : U8106402
- Updated Date : 12/05/2020 at 15:03
CONSTRUCTION
- Beds : 3
- Floor Size : 2,934 sqft
- Baths : 3 full
Listing Agent
Morneau Property Group
Listing Agent's Description
This beautiful 3-bedroom home, with an office and large bonus room, is situated on a quiet cul-de-sac in the quaint community of Traditions at Woodmont in the heart of Citrus Park. The bright open floorplan features lovely hardwood floors, crown molding and soaring ceilings. At the center of the home is the spacious kitchen which features 42" wood cabinets, quartz countertops, stainless steel appliances and a center island. The large master suite, located downstairs, overlooks the gorgeous conservation area in the backyard. The master bathroom features a huge walk-in closet, double sinks, Jacuzzi tub, separate shower, and private water-closet. The secondary bedrooms are also located downstairs and between them is a flex space that makes for a great play room or could be converted into another bedroom. The upstairs bonus room is expansive and prewired for a surround sound system. Enjoy gorgeous views of the pond and conservation area from extended screened lanai or your fenced-in backyard. 2 brand new AC systems were recently installed! This exceptional home is close to shopping, dining and the Veteran’s Expressway.
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: Citrus Park Community
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Citrus Park Community
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,420 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$558 | |
| Property Insurance | -$206 | |
| HOA | -$81 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$122
|
||
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.
$425,000
PROJECTED PRICE
$2,420
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 5.4% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
4.83
YEARS SAVED
$24,595
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,420
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,611
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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- $2,800
- $0.93
PROPERTY LISTING DETAILS
1.813.943.3262
Morneau Property Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8106402
Last Updated: 12/05/2020
