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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $154.87
- 3 Days on Market
- MLS # : T3286367
- Updated Date : 01/23/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,014 sqft
- Baths : 2 full
Listing Agent
Ez Choice Realty
Listing Agent's Description
Welcome Home! Walk right into this stunning, open concept, 4 bedroom floor plan. Let the continuous travertine tile lead you throughout the home. The kitchen has been tastefully updated and includes plenty of cabinetry complete with crown molding as well as a built in desk, with light and bright granite countertops, breakfast bar and tumbled stone backsplash. The stainless steel appliance package includes a gas range. There is a large pantry and adjoining breakfast nook that overlooks the yard and has sliding doors that lead to the lanai. The formal dining room has lots of natural light. The center of the home is the oversized family room complete with sliding glass doors that open to the enclosed lanai where the travertine flooring is yet continued. This home also features a three way split floor plan. The master bedroom has his and her walk-in closets with an en-suite offering granite counters, a garden tub and separate walk in shower. There are two bedrooms and the second bath located in the front of the home and the fourth bedroom is located down a separate hall. For your convenience this home also offers a central vacuum system. The community of Fishhawk Ranch many resort style amenities including parks, walking trails, your choice of club houses and pools, fitness centers, recreation rooms, some of the County’s best A-rated schools and so much more! This Home is located minutes from I-75 and downtown Tampa.
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Fishhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fishhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,083 |
| Property Tax | -$552 | |
| Property Insurance | -$153 | |
| HOA | -$4 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$8
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$311,900
PROJECTED PRICE
$1,930
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.33% |
| Appreciation Year (1-5) | 3.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.57% |
| 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
$88,404
LOAN DETAILS
$1,083
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,975 |
| Loan Amount | $233,925 |
6.25
YEARS SAVED
$21,992
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,928
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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6324 Bridgecrest Dr Lithia, FL 1
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LEASED 01/23/20- Rent
- Rent Per SQFT
- $1,825
- $0.94
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6322 Bridgecrest Dr Lithia, FL 2
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LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,825
- $0.95
-
6345 Bridgecrest Dr Lithia, FL 3
- 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 2005
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,900
- $0.97
-
6366 Bridgecrest Dr Lithia, FL 5
- 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005
![property image]()
LEASED 04/17/20- Rent
- Rent Per SQFT
- $2,050
- $0.97
PROPERTY LISTING DETAILS
1.813.758.0955
Ez Choice Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3286367
Last Updated: 01/23/2021
