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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $198.97
- 4 Days on Market
- MLS # : A4484027
- Updated Date : 11/19/2020 at 15:33
CONSTRUCTION
- Beds : 3
- Floor Size : 2,136 sqft
- Baths : 2 full
Listing Agent
Keller Williams Classic Group
Listing Agent's Description
This gorgeous nearly new single family home shows like a model and is located on a peaceful preserve! This spectacular home resides in a prime location within the gated community of The Ridge at Crossing Creek. Featuring 3 bedrooms plus a den, 2 bathrooms, an open floor plan with shiplap walls, volume ceilings customized with tray accents, crown molding, and ceiling fans throughout. The chef in the family will appreciate the spacious eat-in kitchen, complete with white cabinetry, granite countertops, subway tile backsplash, stainless steel appliances, and a breakfast bar with seating. There is also a formal dining area to accommodate large sit-down gatherings. Enjoy relaxing or entertaining outdoors on the covered screened patio while overlooking the private backyard and preserve. The possibilities are endless with the backyard space and the opportunity to customize the outdoor retreat of your dreams with room for a pool. With a split bedroom floor plan, the master suite features dual closets and en-suite bathroom with a large walk-in shower. Two additional bedrooms share an adjacent full bathroom, and the den which features solid french doors can easily be used as a 4th bedroom if needed, or is perfect for a home office or fitness room. Additional features include rain gutters, and an extended 2 car garage. This home is just steps from the beautiful resort-style community pool, hot tub, grilling and entertaining area. Located minutes from I-75, this home is perfect for anyone that needs to commute or would simply like to be in the center of it all, with just a short drive to the UTC mall, restaurants, shopping, area beaches, and Downtown Sarasota. *Ask your Realtor® how you can walk this property from the comfort of your home using our Interactive 3D Showcase.*
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: 34203
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34203
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$468 | |
| Property Insurance | -$167 | |
| HOA | -$127 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$160
|
||
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.
$425,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
3.92
YEARS SAVED
$17,905
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,933
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/29/19- Rent
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- $1,650
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LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
-
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- 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 2008
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,975
- $0.96
-
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LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,000
- $0.88
PROPERTY LISTING DETAILS
1.941.404.9845
Keller Williams Classic Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4484027
Last Updated: 11/19/2020
