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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $141.65
- 2 Days on Market
- MLS # : T3291387
- Updated Date : 02/20/2021 at 14:51
CONSTRUCTION
- Beds : 5
- Floor Size : 2,576 sqft
- Baths : 2 full
Listing Agent
Re/max Bayside Realty Llc
Listing Agent's Description
A SPACIOUS 5 BEDROOM 2 BATH POOL HOME WITH FORMAL LIVING ROOM AND DINING ROOM. KITCHEN BOAST A LARGE BREAKFAST BAR AND ISLAND, GAS STOVE-TOP AND STAINLESS STEEL-APPLIANCES. FAMILY ROOM FEATURES A BUILT IN ENTERTAINMENT CENTER, CEILING FAN AND HIGH CEILINGS. AN OVERSIZE MASTER BEDROOM WITH EN-SUITE INCUDING GARDEN TUB, DUAL SINKS AND SEPARATE SHOWER STALL. THE UPSTAIRS 5TH BEDROOM COULD BE USED AS A BONUS ROOM IF YOU NEED ADDITIONAL LIVING SPACE. ENJOY OUTSIDE LIVING WITH A COVERED LANAI THAT LEADS TO THE SPARKING POOL WITH WATER FEATURE AND POOL ENCLOSURE. REPLACED POOL FILTER IN 2020; POOL PUMP - 2021. NEW ROOF - 2021; HVAC - 2019; EXTERIOR PAINT - 2017. WATER HEATER - 2017. A WELL MAINTAINED FENCED IN BACKYARD COMPLETES THIS WONDERFUL HOME. MAKE YOUR APPOINTMENT TODAY. IT WON'T LAST LONG!
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: Covington Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Covington Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$1,267 |
| Property Tax | -$581 | |
| Property Insurance | -$186 | |
| HOA | -$10 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$4
|
||
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.
$364,900
PROJECTED PRICE
$2,170
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 8.9% |
| 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
$102,449
LOAN DETAILS
$1,267
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,225 |
| Loan Amount | $273,675 |
6.08
YEARS SAVED
$25,001
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,170
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,183
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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6435 Clair Shore Dr Apollo Beach, FL 4
- 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2004
LEASED 09/17/19- Rent
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- $2,250
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6459 Clair Shore Dr Apollo Beach, FL 5
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LEASED 11/02/20- Rent
- Rent Per SQFT
- $2,250
- $0.91
PROPERTY LISTING DETAILS
1.813.753.8821
Re/max Bayside Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291387
Last Updated: 02/20/2021
