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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $131.47
- 6 Days on Market
- MLS # : T3281748
- Updated Date : 12/24/2020 at 09:48
CONSTRUCTION
- Beds : 3
- Floor Size : 2,202 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
HOA Free Living. This spacious 3-bedroom, 2-bath home on just over 1/4 of an acre is perfect for those who require some room to stretch out. Upon entering the home, you walk through the foyer and into the expansive living room which features crown molding, custom built-ins, a beautiful wood-burning fireplace with a custom mantlepiece, and tons of natural lighting. Transitioning from the living room, the Kitchen features a cooking island, breakfast bar, a large walk-in pantry, and a separate breakfast nook. The large Master Suite features a walk-in closet, an en suite bathroom with cultured marbled walls, a spacious glass shower, and a garden tub. The second bathroom has cultured marble countertops and a remodeled standing shower. The entrance to the backyard is in the living room through the elegant french doors. Stepping onto the newly re-screened lanai, you can admire the large fenced in yard which is perfect for pets and entertaining. Updates: Roof was replaced in 2017, A/C replaced in 2018, and the entire house was re-piped in 2006.
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
Zip Code: 33511
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33511
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,068 |
| Property Tax | -$368 | |
| Property Insurance | -$164 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$90
|
||
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.
$289,500
PROJECTED PRICE
$1,820
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| 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
$82,468
LOAN DETAILS
$1,068
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,375 |
| Loan Amount | $217,125 |
8
YEARS SAVED
$34,894
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,872
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/13/20- Rent
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- $1,600
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LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,725
- $0.82
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1416 Trail Boss Ln Brandon, FL 4
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LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,825
- $0.88
-
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![property image]()
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,925
- $0.93
PROPERTY LISTING DETAILS
1.813.956.3025
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3281748
Last Updated: 12/24/2020
