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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $171.32
- 3 Days on Market
- MLS # : T3291244
- Updated Date : 02/20/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,576 sqft
- Baths : 2 full
Listing Agent
Re/max Dynamic
Listing Agent's Description
MOVE IN READY! This IMMACULATE 4br/2ba Pool home is situated on an OVERSIZED LOT in Hillcrest Acres subdivision. Boasting over 1,550 SF of living space, your attention will immediately be drawn to the pristine CURB APPEAL. Warm & inviting, this SPACIOUS home was renovated in 2018. Inside you have a welcoming formal dining room & living room with wood laminate flooring - perfect for entertaining! The formal living room also features a wood burning fireplace, and the dining room showcases a floor-to-ceiling picture window. The impressive & REMODELED kitchen is loaded with UPGRADES including; GRANITE counters, STAINLESS STEEL APPLIANCES, beautiful white cabinets, & a sunny breakfast nook/bar. Glass sliders off the breakfast nook lead to the expansive SCREENED IN LANAI overlooking the enormous FULLY FENCED BACKYARD, the POOL and the screened lanai! The large master bedroom features a WALK IN CLOSET & luxurious en suite bath with DUAL SINKS and a large walk-in shower. The three additional bedrooms are bright, offer ample space, and feature new carpeting. You have a large laundry room inside. All bathrooms have been upgraded. Other notable features include, AC Unit (2018), Hot water heater (2018), and NEW ROOF (2018). This home features fantastic OUTDOOR LIVING SPACE! Enjoy carefree Florida living in the OVERSIZED SCREENED LANAI with patio space and gorgeous pool! Pride of ownership is apparent here. This home is conveniently located! Enjoy nearby recreational facilities! Close to fantastic golfing, shopping, dining, and in close proximity to I-75, I-275, and I-4, making the commute to DOWNTOWN TAMPA a breeze! This is an EXCEPTIONAL HOME at an extraordinary value! Will SELL FAST!
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: Temple Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Temple Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$938 |
| Property Tax | -$325 | |
| Property Insurance | -$127 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$1
|
||
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.
$270,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 14.5% |
| 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
$77,300
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
6
YEARS SAVED
$18,163
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,462
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
8503 N 48th St Tampa, FL 4
- 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $1,520
- $0.96
-
8607 N Orangeview Ave Tampa, FL 1
- 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,320
- $0.99
-
10012 N Hartts Dr Tampa, FL 2
- 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1977
LEASED 02/18/21- Rent
- Rent Per SQFT
- $1,400
- $0.91
-
8717 N Greenwood Ave Tampa, FL 3
- 3 beds 1 baths ∙ 1,738 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,738 Sqft ∙ Built 1963
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.86
-
8301 N 46th St Tampa, FL 5
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1958
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,550
- $0.95
PROPERTY LISTING DETAILS
1.813.501.3939
Re/max Dynamic
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291244
Last Updated: 02/20/2021
