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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $190.50
- 2 Days on Market
- MLS # : D6116467
- Updated Date : 02/13/2021 at 14:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,274 sqft
- Baths : 2 full
Listing Agent
Paradise Exclusive Inc
Listing Agent's Description
NO HOA, X-FLOOD ZONE, DOUBLE LOT almost 1/2 an acre, FURNISHED AND ON 160 FEET of FRESH WATER . This 3 bedroom, 2 bathroom home is ready for the new owners. Move in the day you close and have your furniture there since this home comes furnished. Roof was redone in 2018, septic emptied in 2015, impact windows installed in 2005. Walking in the front door the living room is open and bright with amazing windows. Master bedroom on one side of the home with good closet space and a master bathroom with a nice amount of storage and pocket door to shower area. The other two bedrooms are on the opposite side of the home and share the guest bathroom. The kitchen has a nice eat at bar area and room for the dining table and a generous size pantry. Just off the kitchen there is a nook area that can be used as a dinette or work space area. The lanai is as long as the house and has sliding windows made of vinyl for year round use. Sit and watch all the wildlife from your amazing screen in lanai or sit in the swing being left with the house down by the freshwater creek. Gutters installed on home, hurricane shutter in garage. Lawn equipment, leather couch and blue patio chairs do not convey, everything else stays with the home. Less than 7 miles to Englewood Beach, 1 mile to grocery store, 2 miles to elementary school, just over 2 miles to middle school and 5 miles to high school. This home really is centrally located to so much and yet provides space and room to grow!
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 64
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Section 64
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$843 |
| Property Tax | -$291 | |
| Property Insurance | -$112 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$336
|
||
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.
$242,700
PROJECTED PRICE
$1,710
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 9.2% |
| 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
$70,066
LOAN DETAILS
$843
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,675 |
| Loan Amount | $182,025 |
12.67
YEARS SAVED
$49,202
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$1.34
LIST RENT PER SQFT
-
$1,048
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
7146 Rosemont Dr Englewood, FL 5
- 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1985
- Rent
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- $1,710
- $1.34
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7113 Bougainvillea St Englewood, FL 1
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LEASED 02/12/20- Rent
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- $750
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-
7122 Sunnybrook Blvd Englewood, FL 2
- 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1994
LEASED 02/12/20- Rent
- Rent Per SQFT
- $850
- $0.64
-
9116 Castlehill Ave Englewood, FL 3
- 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 4
- 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
PROPERTY LISTING DETAILS
1.941.882.2398
Paradise Exclusive Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: D6116467
Last Updated: 02/13/2021
