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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $159.58
- 6 Days on Market
- MLS # : C7436870
- Updated Date : 12/30/2020 at 01:00
CONSTRUCTION
- Beds : 2
- Floor Size : 1,284 sqft
- Baths : 2 full
Listing Agent
Re/max Palm Realty
Listing Agent's Description
Well kept 2 bed/2 bath/2 car garage Not in a Flood Zone. Spacious eat in kitchen has lots of cabinetry and counter space, a breakfast bar, and sliding glass doors to the large screened in lanai. Split Floor plan, vaulted ceilings, freshly painted. Just minutes to the YMCA ,shopping, public boat ramps, beaches and More...
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 69
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Section 69
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$756 |
| Property Tax | -$245 | |
| Property Insurance | -$112 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$527
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.
$204,900
PROJECTED PRICE
$1,770
PROJECTED RENT
0.86%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.3% |
| Maintenance Year (1-5) | 8.00% |
| 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
$60,049
LOAN DETAILS
$756
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,225 |
| Loan Amount | $153,675 |
16.5
YEARS SAVED
$65,704
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$1.38
LIST RENT PER SQFT
-
$1,316
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
6309 Magee St Englewood, FL 5
- 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,770
- $1.38
-
9116 Castlehill Ave Englewood, FL 1
- 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1987
LEASED 12/21/20- Rent
- Rent Per SQFT
- $1,325
- $1.10
-
7009 Mamouth St Englewood, FL 2
- 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1980
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.95
-
109 Kings Dr Rotonda West, FL 3
- 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2000
LEASED 12/18/19- Rent
- Rent Per SQFT
- $1,600
- $1.07
-
6050 Hooper Ln Englewood, FL 4
- 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2008
LEASED 11/24/20- Rent
- Rent Per SQFT
- $1,600
- $0.98
PROPERTY LISTING DETAILS
1.941.391.7817
Re/max Palm Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: C7436870
Last Updated: 12/30/2020
