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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $192.50
- 2 Days on Market
- MLS # : T3291439
- Updated Date : 02/21/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,506 sqft
- Baths : 2 full
Listing Agent
Charles Rutenberg Realty Inc
Listing Agent's Description
Move in Ready! Beautifully landscaped, 3 bedroom 2 bath, 2 car garage features WELCOMING FRONT PORCH and FENCED YARD. As you approach the home you will notice the Covered Porch perfect for visiting with friends and neighbors. Upon entering the home into the open and spacious FOYER, you will notice the TALL CEILLINGS, to your right you will find the spacious LAUNDRY room with High Efficiency LG WASHER & DRYER and a tall window for plenty of natural light. This open concept home is perfectly appointed with KITCHEN open to DINING and GRAND ROOM perfect for ENTERTAINING AND FAMILY GATHERINGS. The kitchen features 32" STAGGERED CABINETS & comes fully equipped with FRIDGE, GAS RANGE, MICROWAVE AND DISHWASHER. UPGRADES INCLUDE: Custom LIGHTING, CEILING FANS, BLINDS and WINDOW TREATMENTS THROUGHOUT. COVERED BACK LANAI is screened in for added entertainment space or a quiet getaway. The backyard features a STONE BLOCK fire pit perfect for enjoying nights by the fire. Master bedroom is spacious with plenty of windows for natural light, large over sized walk in closet and ensuite master bathroom with WALK IN SHOWER and HIS AND HER SINKS and UPGRADED VANITY LIGHTS. Bedrooms 2 and 3 are privately tucked down the hall to the right of the dining room and share a full bath with UPGRADED VANITY LIGHTS. ENERGY EFFICIENT TANKLESS GAS WATER HEATER, RECLAIMED WATER FOR IRRIGATION. Connerton is a Master planned community with a balance of Nature Preserve and Resort Style Living. Spend time at the community’s impressive resort-style pool and splash park. Play a pick-up game with friends and neighbors at one of the many sport courts including basketball, tennis and volleyball. Stay active by frequenting the fitness center or walking outdoors along the nature trails. With a full event calendar, you’ll love gathering with new friends and neighbors for community events at the clubhouse and outdoor amphitheater. Enjoy a cup of coffee at the Cup of Organic coffee at the CROSSVINE or take advantage of the office space open to RESIDENTS and enjoy all the amenities this beautiful community has to offer. Schedule your personal tour today!
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: Connerton Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Connerton Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$452 | |
| Property Insurance | -$124 | |
| HOA | -$87 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$99
|
||
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.
$289,900
PROJECTED PRICE
$1,700
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 4.7% |
| 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
$82,574
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
4.33
YEARS SAVED
$11,804
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$1,709
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
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7951 Endless Summer Ct Land O Lakes, FL 1
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- $1,550
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7804 Citrus Blossom Dr Land O Lakes, FL 2
- 4 beds 2 baths ∙ 1,376 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,376 Sqft ∙ Built 2002
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,595
- $1.16
-
21247 Wistful Yearn Dr Land O Lakes, FL 4
- 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 2017
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,800
- $1.12
-
21100 Passive Porch Dr Land O Lakes, FL 5
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018
LEASED 02/19/21- Rent
- Rent Per SQFT
- $1,895
- $1.18
PROPERTY LISTING DETAILS
1.813.545.8319
Charles Rutenberg Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291439
Last Updated: 02/21/2021
