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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $169.49
- 16 Days on Market
- MLS # : A4487885
- Updated Date : 01/22/2021 at 07:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,652 sqft
- Baths : 2 full
Listing Agent
Nexthome Kd Premier Realty
Listing Agent's Description
Welcome to the quiet neighborhood of Woodlawn Lakes. This cute home sits on a large lot, over a 1/3 of an acre, overlooking a tranquil pond. This lovely 3 bedroom 2 bath home has been well kept and is ready for its new owners. The open floor plan allows easy entertaining but gives privacy with its split plan. The master bedroom has a bonus room which could be used as a study or reading room. This gem also features a newer roof (2018), a large screened in back porch and fenced back yard to keep your family and pets safe. Within the community are lots of mature trees and landscaping and nice space between the houses. This well-established community offers LOW HOA fees and NO CDD. Conveniently located to the Ellenton Premium Outlet Mall, restaurants, Buffalo Creek Golf Course, US-301 and I-75. Put this one on your list! Call today to schedule an appointment!
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: Woodlawn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodlawn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$973 |
| Property Tax | -$286 | |
| Property Insurance | -$137 | |
| HOA | -$13 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$183
|
||
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.
$280,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$79,950
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
9.33
YEARS SAVED
$36,544
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,710
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
7812 54th Ct E Palmetto, FL 3
- 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,720
- $1.04
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6412 68th Dr E #e Palmetto, FL 1
- 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1993
LEASED 09/26/19- Rent
- Rent Per SQFT
- $1,545
- $1.06
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6709 Rock Bridge Ln Ellenton, FL 2
- 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
-
6630 Rock Bridge Ln Ellenton, FL 4
- 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006
LEASED 01/10/21- Rent
- Rent Per SQFT
- $1,850
- $1.12
-
4611 Trout River Xing Ellenton, FL 5
- 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,925
- $0.96
PROPERTY LISTING DETAILS
1.352.446.4758
Nexthome Kd Premier Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4487885
Last Updated: 01/22/2021
