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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $150.43
- 5 Days on Market
- MLS # : O5913149
- Updated Date : 12/24/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,529 sqft
- Baths : 2 full
Listing Agent
Nexthome My Way
Listing Agent's Description
MOVE IN READY!! This impressive, home exudes sophistication and is positioned on a generous allotment. This property has been immaculately maintained and enjoys the added benefit of being in a peacefully quiet neighborhood. With NEW A/C, NEW door Garage and freshly painted. The huge living room leads to an open plan kitchen and dining room creating an amazing sense of space. The master features a generous walk-in robe and beautiful bathroom. This home simply exudes peace and harmony. Beautifully tiled family bathroom plus an internal laundry room. High ceilings accentuate the free-flowing open plan. Kitchen has a breakfast bar and plentiful storage, plus a dishwasher. Effortlessly chic and tastefully decorated, the house offers light filled spacious bedrooms. Large block with low maintenance, private yard. This home is enviably positioned in a quiet street just moments from local shops and cafes. Devonshire Manor is a very welcoming community, where local schools are nearby. If you are looking for a lifestyle change this home is a must see!
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: Devonshire Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Devonshire Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$849 |
| Property Tax | -$253 | |
| Property Insurance | -$123 | |
| HOA | -$14 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$68
|
||
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.
$230,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.82% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.73% |
| 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
$66,700
LOAN DETAILS
$849
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
4.17
YEARS SAVED
$10,128
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$979
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
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- $995
- $0.61
-
2389 Hamlet Cir Lakeland, FL 3
- 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2006
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,100
- $0.65
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2423 Hamlet Cir Lakeland, FL 4
- 4 beds 2 baths ∙ 1,592 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,592 Sqft ∙ Built 2007
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,150
- $0.72
PROPERTY LISTING DETAILS
1.407.600.0133
Nexthome My Way
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5913149
Last Updated: 12/24/2020
