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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $168.94
- 4 Days on Market
- MLS # : T3285457
- Updated Date : 01/22/2021 at 11:27
CONSTRUCTION
- Beds : 5
- Floor Size : 2,717 sqft
- Baths : 2 full , 1 half
Listing Agent
Florida Executive Realty
Listing Agent's Description
Beautiful 5 bedroom, 2.5 bathroom, POOL home tucked away in the Gated community of Avery Oaks. Charming covered porch welcomes you in to this updated home with details that are sure to impress. Laid on a diagonal, the 24"x24" tile with the slimmest grout lines has a smooth leather-like look and adorns the floors throughout the first story. Formal Living room is open to the Dining room that features a custom raw edge wood BAR - perfect for entertaining. Remodeled in 2018, the Kitchen boasts white shaker-style wood cabinets with crown molding, Stainless appliances inc. a 5 burner gas (propane) stove and range hood, granite counters, subway tile backsplash, oversized sink, breakfast bar, closet pantry with desk space and spacious eat-in area complete with cozy window seat & storage. The Family room is adjacent to the Kitchen and features a solid wood built-in entertainment piece (added in 2018) and sliding doors leading to the pool. The outdoor space extends your living and dining areas with ample covered space for shade, convenient screen enclosure and brick pavers all surrounding the Heated Pool complete with sun-shelf & bubbler and seat with spa jets. Pool Table is also included for your enjoyment! Beyond the lanai is a fully fenced yard with a built-in fire pit for cool evenings. Half Bath remodeled in 2017, Laundry Room and under-stair storage currently serving as a Wine Room, round out the first floor. Hardwood stairs lead to the second story and a Loft that makes a great homework spot or flex area. Master Retreat with 2 walk-in closets features a gorgeous spa-like Bathroom remodeled in 2020 to include a free-standing tub, walk-in shower, 2 gray vanities with Quartz countertops, 12"x24" floor tile and designer light & plumbing fixtures. 4 additional bedrooms and another full bathroom are all found on the second floor. All 5 bedrooms have laminate wood floors. Guest Bath was renovated in 2017 with new vanity, wood-look tile floor and shiplap wall. Better than New, all of the work has been done for you in this incredible home. Plus it's conveniently located in the heart of Tampa, close to the Veterans Expwy, Downtown Tampa and some of the best beaches in the country!
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: Citrus Park Community
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Citrus Park Community
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,380 |
| EXPENSES | Loan Payment | -$1,594 |
| Property Tax | -$564 | |
| Property Insurance | -$193 | |
| HOA | -$75 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$176
|
||
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.
$459,000
PROJECTED PRICE
$2,380
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 5.4% |
| 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
$127,385
LOAN DETAILS
$1,594
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $114,750 |
| Loan Amount | $344,250 |
4.17
YEARS SAVED
$17,934
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,380
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,357
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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7322 Brightwater Oaks Dr Tampa, FL 3
- 5 beds 3 baths ∙ 2,717 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,717 Sqft ∙ Built 2003
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- Rent Per SQFT
- $2,380
- $0.88
-
11235 Madison Park Dr Tampa, FL 1
- 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2005
LEASED 11/13/19- Rent
- Rent Per SQFT
- $2,000
- $0.82
-
8030 Gardner Rd Tampa, FL 2
- 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2012
LEASED 12/12/19- Rent
- Rent Per SQFT
- $2,250
- $0.92
-
6403 Sea Lavender Ln Tampa, FL 4
- 4 beds 4 baths ∙ 2,899 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,899 Sqft ∙ Built 2005
LEASED 02/20/20- Rent
- Rent Per SQFT
- $2,400
- $0.83
-
8810 Cameron Crest Dr Tampa, FL 5
- 5 beds 4 baths ∙ 2,672 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,672 Sqft ∙ Built 2006
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,400
- $0.90
PROPERTY LISTING DETAILS
1.813.363.7802
Florida Executive Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3285457
Last Updated: 01/22/2021
