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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $156.12
- 2 Days on Market
- MLS # : G5038492
- Updated Date : 02/13/2021 at 14:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,896 sqft
- Baths : 2 full
Listing Agent
La Rosa Rty Winter Garden Llc
Listing Agent's Description
Welcome to the beautiful Renaissance stylized community nestled quietly in the over 55+ community of Sun City Center. This beautiful and spacious 3/2 home features a bright floor plan with high ceilings all around. The spacious kitchen is open to the family room immediately followed by the dinette area that overlooks the sparkling covered lanai and screened enclosure with a gorgeous pond view. The open living and dining rooms provide plenty of additional space for entertaining or a growing family. Extremely well-maintained and recently renovated, the home has a newer HVAC system, Water Heater, New Appliances and just freshly painted inside and out. Sun City Center, America's Premier 55+ Community, has many recreational activities available to all, such as; card games, golf, tennis, pickle ball, archery, dancing, water walking, and multiple indoor and outdoor pools. You will enjoy also the Club Renaissance as a meeting place with friends (see brochures attached). Sun City Center has amazing facilities, between Sarasota and Tampa, it is the perfect location for a convenient ride to airports, world class shopping, dining and professional entertainment. With easy access to award winning, beautiful clear sand beaches, this is the best of all worlds, but without the stress of traffic and big city life. Leave it all behind and enjoy your new life here in one of the country's highest rated 55+ communities.
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
Zip Code: 33573
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33573
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,028 |
| Property Tax | -$375 | |
| Property Insurance | -$147 | |
| HOA | -$135 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$13
|
||
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.
$296,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 8.1% |
| 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
$84,190
LOAN DETAILS
$1,028
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,000 |
| Loan Amount | $222,000 |
5.67
YEARS SAVED
$18,452
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,887
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
825 King Leon Way Sun City Center, FL 2
- 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,800
- $0.95
-
16407 Treasure Point Dr Wimauma, FL 1
- 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2016
LEASED 09/13/19- Rent
- Rent Per SQFT
- $1,600
- $0.98
-
324 Siena Vista Pl #271 Sun City Center, FL 3
- 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2007
LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,850
- $1.03
-
17001 Peaceful Valley Dr Wimauma, FL 4
- 4 beds 3 baths ∙ 1,929 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,929 Sqft ∙ Built 2016
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,900
- $0.98
-
16317 Treasure Point Dr Wimauma, FL 5
- 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2016
LEASED 12/19/20- Rent
- Rent Per SQFT
- $1,995
- $0.99
PROPERTY LISTING DETAILS
1.407.452.8714
La Rosa Rty Winter Garden Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: G5038492
Last Updated: 02/13/2021
