Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $170.53
- 3 Days on Market
- MLS # : D6116622
- Updated Date : 02/20/2021 at 09:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,612 sqft
- Baths : 2 full
Listing Agent
Edgerton Realty & Development
Listing Agent's Description
Excellent opportunity to own this 2018 built home. Why build when you can purchase now? This clean and tidy home is in tip top shape and has a warm tropical feel inside and out. Granite counters, under counter colored lighting, and Stainless Whrilpool appliances in the kitchen, and tile throughout the entire home. The screened entry and Garage allow those nice tropical breezes to pass through while the palms sway in the wind. The screened Lania lets you enjoy the fresh air, or relax outside in the outdoor rocked area under the young palms. Theres even storage room in the shed located in the fenced in backyard. Come see this wonderful home before its gone!!
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Section 65
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Section 65
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$329 | |
| Property Insurance | -$131 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$86
|
||
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.
$274,900
PROJECTED PRICE
$1,630
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 10.1% |
| 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
$78,599
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
7.5
YEARS SAVED
$26,253
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,630
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
7239 Sussex Ln Englewood, FL 2
- 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,630
- $1.02
-
7183 Sussex Ln Englewood, FL 1
- 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 2014
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,350
- $0.85
-
132 Jennifer Dr Rotonda West, FL 3
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2020
LEASED 01/25/21- Rent
- Rent Per SQFT
- $1,650
- $1.03
-
12246 Gulfstream Blvd Port Charlotte, FL 4
- 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2018
LEASED 12/30/20- Rent
- Rent Per SQFT
- $1,725
- $1.08
-
110 Green Pine Park Rotonda West, FL 5
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2019
LEASED 02/02/21- Rent
- Rent Per SQFT
- $1,800
- $1.12
PROPERTY LISTING DETAILS
1.941.276.3851
Edgerton Realty & Development
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: D6116622
Last Updated: 02/20/2021
