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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $156.33
- 2 Days on Market
- MLS # : T3287632
- Updated Date : 01/31/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,855 sqft
- Baths : 2 full
Listing Agent
Future Home Realty Inc
Listing Agent's Description
ELEGANCE IN OAK CREEK ON A CONSERVATION LOT! SOLAR POWER! 3 CAR GARAGE! OVER-SIZED PAVER PATIO! TILE FLOORS THROUGHOUT! MOVE-IN READY! This extremely well maintained Rosewood Model built by Inland in 2016 is located in the highly desirable and established Oak Creek Community of Pasco County. Do you want LOW Electric Bills and like GREEN Energy? This Beautiful Home features a FULLY PAID OFF 6.3 kW SOLAR System (a $17k Value)! The Sellers’ Electric Bills for the last year averaged $46 per month! Inland designed the Floor Plan of this home to be FULLY Functional in all aspects: 3 Bedrooms + DEN/OFFICE (which can be used as a 4th Bedroom); 3-way Split Location of the Master Bedroom, Secondary Bedrooms and Den/Office which provides Privacy for everyone; Open Concept Floor Plan for the Kitchen and Family Room Combination; Formal Dining Room; 2 Full Bathrooms - Master Bathroom and 2nd Bathroom shared by the 2nd & 3rd Bedrooms; and a LARGE 3 Car Garage providing room for Extra Storage while also providing ample parking space in the driveway. The Spacious Kitchen consists of 42" Cabinets, Granite Countertops, long Cabinet-height Breakfast Bar Peninsula, eat-in Dinette area, double bowl stainless steel sink, and Stainless Steel Appliances. The Double Sliding Glass Doors off the Family Room open to a Fully Vinyl Fenced Yard and covered Lanai Patio which has been extended into an Over-Sized, Open-Air Patio with a private and tranquil Conservation View! Huge Master Suite with Large Walk-in Closet, Vanity with dual sinks, and Over-Sized Shower. Additional Elegance and Design Features include Tile Floors throughout (there is NO CARPET!), Reclaimed Wood Accent Wall in the Family Room and on the Front of the Breakfast Bar, Archways, Vaulted Ceilings, and in-ceiling surround sound speakers. Oak Creek offers many amenities for its residents, including a Community Pool, Picnic Pavilions, Dog Park, Covered Playground, Swings, Walking Trails with Boardwalk, and Basketball Court - which is also lined for Pickleball. Conveniently located with close proximity to shopping, restaurants, entertainment, schools, colleges, and hospitals in Wesley Chapel, Zephyrhills, and Dade City. A MUST SEE Home that won't last! Call today for your private showing! You can also View this Matterport Video Link for an immediate Virtual Showing from the comfort of your own home --- https://my.matterport.com/show/?m=WCYJnq3HV5A&brand=0
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: Oak Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oak Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$474 | |
| Property Insurance | -$144 | |
| HOA | -$9 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$34
|
||
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.
$290,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.2% |
| 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
$82,600
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
5.5
YEARS SAVED
$17,216
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,512
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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- $1,695
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- Rent Per SQFT
- $1,750
- $0.80
PROPERTY LISTING DETAILS
1.813.400.5032
Future Home Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3287632
Last Updated: 01/31/2021
