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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $213.58
- 3 Days on Market
- MLS # : A4488632
- Updated Date : 01/16/2021 at 09:42
CONSTRUCTION
- Beds : 3
- Floor Size : 2,341 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Welcome to University Park Country Club. A private Gated Community. Before reaching the Gate House you will already be amazed by the natural splendor of the community. Surrounded by an award winning 27 holes of championship golf, Practice range, 11 lighted Har-Tru tennis courts, Fitness Center, and Exclusive member events and dining at The Park Grille & Café. The gracious home is 2341 Sq. includes 3 bedrooms and 3 bathrooms, Hardwood floors and Open floor plan. The heated pool includes a generous Lanai overlooking a private a woody area with bougainvillea's. New roof from 2016. Turnkey furnishing is optional.
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
Zip Code: 34201
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34201
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,190 |
| EXPENSES | Loan Payment | -$1,737 |
| Property Tax | -$548 | |
| Property Insurance | -$180 | |
| HOA | -$371 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$226
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$500,000
PROJECTED PRICE
$3,190
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 1.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$138,250
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
7.83
YEARS SAVED
$51,032
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,190
LIST RENT -
$1.36
LIST RENT PER SQFT
-
$2,739
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
6629 Saint James Xing University Park, FL 5
- 3 beds 3 baths ∙ 2,341 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,341 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $3,190
- $1.36
-
6148 Griffon Cir Sarasota, FL 1
- 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 1997
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,495
- $1.14
-
7922 Edmonston Cir University Park, FL 2
- 3 beds 3 baths ∙ 2,432 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,432 Sqft ∙ Built 2003
LEASED 02/04/20- Rent
- Rent Per SQFT
- $2,795
- $1.15
-
7960 Hampton Ct University Park, FL 3
- 3 beds 2 baths ∙ 2,266 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,266 Sqft ∙ Built 1993
LEASED 09/18/20- Rent
- Rent Per SQFT
- $2,800
- $1.24
-
8103 Planters Knoll Ter University Park, FL 4
- 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2004
LEASED 06/16/20- Rent
- Rent Per SQFT
- $2,800
- $1.15
PROPERTY LISTING DETAILS
1.941.228.1008
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4488632
Last Updated: 01/16/2021
