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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $213.45
- 3 Days on Market
- MLS # : T3290909
- Updated Date : 02/19/2021 at 23:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,546 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
OPEN HOUSE: 2/20 from 12-3PM - Also collecting non-perishable food items for the Feeding Tampa Bay food Pantry. Looking to move up? This home is inviting and functional, with a thoughtfully designed layout. You are welcomed in though an entry that puts YOUR needs first. Utilize your immediately accessible laundry room, to disrobe shoes and/or necessary garments, after a day at work or an afternoon at the beach. Tranquil simplicity, with a touch of class. Hardwood floors throughout, make clean up easy breezy. Lux without the fuss. Solid wood cabinetry and beautiful, "no expense spared", granite countertops are elegant and transitional, giving you unlimited freedom to mix and match décor pieces, to really personalize your living space. A true split floorplan offers the head-of-household privacy, while retreating to the owners suite, complete with ensuite bath, boasting a closet truly vast enough for a pair. The family room, seamlessly separate from the dining room, allows effortless entertaining. A gorgeous breakfast bar overlooks the kitchen, perfect for including company while preparing meals, serving buffet style, or conversing over a cup of coffee. Your kitchen is efficient, with abundant cabinet and counter space, and includes an eat-in-area with a large window, allowing sunrise views to pleasantly start your day. Volume and vaulted ceilings make this entire home open and airy. Convenient access, to the screened lani, through the guest bath or from sliders exiting the owners suite or living room, opening to your private backyard with a natural wooded view. In addition to all of this, all major home maintenance items have been replaced, giving peace of mind to your purchase. Hot water heater and A/C compressor and handler are 3 years new, roof 2021 (in progress), and fresh interior/exterior paint. Community hosts a clubhouse, pool, and playground, for resident use. This family friendly community is close to everything and far from nothing, including county trails, parks, and golf courses, malls and restaurants, beaches and attractions, sport venues and entertainment, and TPA. What are you waiting for? Don't miss this opportunity. Your new home is awaiting your arrival. Schedule your showing right away.
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: Town N County Alliance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Town N County Alliance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$406 | |
| Property Insurance | -$125 | |
| HOA | -$57 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$143
|
||
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.
$330,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 9.4% |
| 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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
3.83
YEARS SAVED
$11,550
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,716
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
8525 Heyward Rd Tampa, FL 5
- 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,720
- $1.11
-
8431 Poydras Ln Tampa, FL 1
- 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1999
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,600
- $1.13
-
10226 Charleston Corner Rd Tampa, FL 2
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1995
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,675
- $1.20
-
8433 Poydras Ln Tampa, FL 3
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1999
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,700
- $1.04
-
8511 Heyward Rd Tampa, FL 4
- 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 1995
LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,700
- $1.07
PROPERTY LISTING DETAILS
1.813.810.3218
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3290909
Last Updated: 02/19/2021
