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 2011
- Price/Sqft : $127.47
- 3 Days on Market
- MLS # : A4490084
- Updated Date : 01/30/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,941 sqft
- Baths : 2 full , 1 half
Listing Agent
Low List Fee Realty
Listing Agent's Description
SPECTACULAR 4 bd, 2 1/2 bath + Office + Loft Home in Sought After Gated and Maintenance Free Tuscany Woods Community of Tampa Palms. Situated on a PREMIUM Lot with Tranquil Pond and Conservation views...NO REAR NEIGHBORS! This Stunning Home Boasts Wood look tile throughout the downstairs living areas, a study/office with double French entry doors, separate dining room and a Large Open Kitchen with Stainless Steel appliances, a center Island, walk in pantry and an eat at Breakfast Bar. The Kitchen Opens to a Spacious Living Room with sliding doors that lead out to a covered Patio AND a wonderful extended screened enclosed Lanai overlooking a beautiful pond and conservation views. Perfect spot to sip your morning coffee and watch the ducks, deer, & assorted birds. The Master Suite is downstairs and offers a large walk in closet, Garden Tub and separate shower. Upstairs you will find a Large Loft/Bonus area, full bathroom and 3 generous sized secondary bed rooms. Live the Florida Lifestyle in your own backyard. Sit out on the Lanai and enjoy peace and quiet or perfect for your social gatherings. Convenient to major highways, shopping, great restaurants, YMCA, Hospitals, New Outlet Mall and more!
SEE MORE
- #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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Tampa Palms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tampa Palms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$1,302 |
| Property Tax | -$451 | |
| Property Insurance | -$206 | |
| HOA | -$140 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$281
|
||
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.
$374,900
PROJECTED PRICE
$2,510
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.2% |
| 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
$105,099
LOAN DETAILS
$1,302
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,725 |
| Loan Amount | $281,175 |
10
YEARS SAVED
$53,759
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,875
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
7834 Tuscany Woods Dr Tampa, FL 1
- 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2011
- Rent
- Rent Per SQFT
- $2,510
- $0.85
-
16364 Hyde Manor Dr Tampa, FL 2
- 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2017
LEASED 10/27/20- Rent
- Rent Per SQFT
- $2,650
- $0.92
-
7917 Tuscany Woods Dr Tampa, FL 3
- 4 beds 4 baths ∙ 2,806 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,806 Sqft ∙ Built 2013
LEASED 12/23/20- Rent
- Rent Per SQFT
- $2,700
- $0.96
-
16351 Hyde Manor Dr Tampa, FL 4
- 4 beds 4 baths ∙ 2,807 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,807 Sqft ∙ Built 2017
LEASED 08/17/20- Rent
- Rent Per SQFT
- $2,800
- $1.00
-
6615 Thornton Palms Dr Tampa, FL 5
- 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2006
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,950
- $1.03
PROPERTY LISTING DETAILS
1.813.610.0150
Low List Fee Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4490084
Last Updated: 01/30/2021
