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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $193.98
- 23 Days on Market
- MLS # : T3281402
- Updated Date : 01/06/2021 at 11:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,546 sqft
- Baths : 2 full
Listing Agent
Future Home Realty Inc
Listing Agent's Description
Lovely home for sale in the Lake Magdalene area of Tampa. This 3-bedroom 2-bath 2-car garage brick faced home will capture your attention from the start. Before entering the home, you are welcomed by a large, screened patio. The stained-glass door will invite you into a home that is open and airy. As you enter you will find access to your garage to the left in addition to a large coat/storage closet. The family room is large and perfect for entertaining. Off the family room area you will find a beautiful, upgraded galley kitchen featuring maple cabinetry, granite counter tops, and stainless-steel appliances. In addition there is a nice sized breakfast nook with large windows that overlook your lanai, large yard and gorgeous lake. Off the kitchen, is a large unfinished room that can be used like a canvas to create the room of your dreams. French doors from the dining area will lead you to a tremendous lanai perfect for entertaining family and friends and providing a beautiful view of the pond. The yard is large and includes a gazebo. Brick walkway surrounds the back of the house adding some character. The master bedroom is large with nice sized walk-in closet and parquet wood flooring. Bedrooms 2 and 3 are spacious with parquet style wood flooring giving each of the bedrooms a warm feel. Second bathroom also upgraded. Additional updates/improvements include impact windows (2009) and new AC (2016/2017),Culligan Water Softener (2010), newer plumbing and transferable warranted exterior paint (2014). Centrally located and close to I-275, close to great dining and shopping. Charming home, great location, close to everything. What are you waiting for? Come tour this home 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: North Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$375 | |
| Property Insurance | -$125 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$31
|
||
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.
$299,900
PROJECTED PRICE
$1,640
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| 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
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
5.42
YEARS SAVED
$17,254
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,646
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
814 Constitution Dr Tampa, FL 5
- 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1977
![property image]()
- Rent
- Rent Per SQFT
- $1,640
- $1.06
-
14510 Diplomat Dr Tampa, FL 1
- 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1975
![property image]()
LEASED 01/27/20- Rent
- Rent Per SQFT
- $1,550
- $1.06
-
706 Regency Ct Tampa, FL 2
- 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1975
![property image]()
LEASED 01/25/20- Rent
- Rent Per SQFT
- $1,550
- $1.06
-
14815 Daisy Ln Tampa, FL 3
- 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1961
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,550
- $1.01
-
14958 Old Pointe Rd Tampa, FL 4
- 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1983
![property image]()
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,600
- $1.13
PROPERTY LISTING DETAILS
1.813.855.4982
Future Home Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3281402
Last Updated: 01/06/2021
