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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $179.41
- 6 Days on Market
- MLS # : T3285727
- Updated Date : 01/22/2021 at 15:50
CONSTRUCTION
- Beds : 4
- Floor Size : 1,700 sqft
- Baths : 2 full , 1 half
Listing Agent
Tampa Bay Exclusive Realty
Listing Agent's Description
***MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST DUE BY SUNDAY AT 9 am*** Gorgeous Contemporary 4 bedroom, 2.5 bathroom, 2 car OVER-SIZED garage POOL HOME in Logan Gate. Engineered wood flooring in the foyer greets you upon entry and continues through the hallway. A half bathroom is conveniently located downstairs. The living room features a stylish ceiling fan and the large window provides plenty of NATURAL LIGHT. The STUNNING chandelier in the dining area stays with the home! MARBLE counters, SHAKER cabinets with glass doors, back splash, and STAINLESS STEEL appliances surround this BEAUTIFUL kitchen. A small island sits in the center with space to sit and enjoy your morning coffee! All bathrooms feature the same MARBLE counters and SHAKER cabinets, the upstairs bathroom boasts subway tile in the shower and the master bathroom features a WALK-IN shower with GLASS door. This AMAZING FULLY FENCED backyard is the perfect place for your STAYCATION with a SPARKLING POOL, FULLY SCREENED lanai with roof, and spacious gazebo with deck! This home is conveniently located just minutes away from the Veteran’s Expressway (589), an abundance of shops and restaurants, and medical facilities and zoned to the A-rated Sickles High School. Well maintained and priced to sell, call us to schedule your private showing today!
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: Logan Gate Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Logan Gate Village
* 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 | -$1,059 |
| Property Tax | -$375 | |
| Property Insurance | -$134 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$32
|
||
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.
$304,990
PROJECTED PRICE
$1,730
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 9.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| 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
$86,572
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,248 |
| Loan Amount | $228,743 |
6.92
YEARS SAVED
$24,910
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 -
$1.02
LIST RENT PER SQFT
-
$1,743
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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6713 Spanish Moss Cir Tampa, FL 2
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12506 Limpet Dr Tampa, FL 1
- 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1982
LEASED 08/10/19- Rent
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- $1,500
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7320 Brightwater Oaks Dr Tampa, FL 3
- 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2003
LEASED 05/31/20- Rent
- Rent Per SQFT
- $1,800
- $1.00
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13425 Bellingham Dr Tampa, FL 4
- 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1993
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,800
- $1.02
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11234 Elmfield Dr Tampa, FL 5
- 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1987
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,925
- $1.07
PROPERTY LISTING DETAILS
1.813.426.2669
Tampa Bay Exclusive Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3285727
Last Updated: 01/22/2021
