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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $194.71
- 3 Days on Market
- MLS # : U8111596
- Updated Date : 01/30/2021 at 13:23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,797 sqft
- Baths : 2 full
Listing Agent
Century 21 Coastal Alliance
Listing Agent's Description
Move in ready! This stunning Westchase area home is remodeled and updated! This home features a Split floor plan with 3 bedroom, 2 bath, living and dining room, family room, inside laundry and a 2 car garage. Entire home upgraded with waterproof vinyl planking flooring throughout home. Large open kitchen features granite countertops with stainless steel range, refrigerator,dishwasher, and microwave. Generous breakfast nook and closet kitchen pantry. Spacious Master suite leads to stunning Master bedroom; bathroom completely remodeled. Featuring a double size shower, porcelain tile, luxurious rainfall shower feature and double shower bar upgraded with multiple options. Built-in Bluetooth speaker in shower as well. All new granite vanity with double sinks, new faucets. En suite includes a large walk in closet as well. Vaulted ceilings throughout the home with arched doorways, ceiling fans, bright and sunny with sidelight and transom above. French doors lead out to covered and screened Lanai. Relax in the hot tub included as is condition with home. Corner lot with Newer Vinyl Fence. All new sod in the backyard. Newer roof is approximately 2 years old. Fawn Lake annual HOA fee very reasonable. Community Pool and park. Close to Upper Tampa Bay Trail, shopping, Citrus Park Mall and Veterans Expressway. Hurry on this one!
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
Neighborhood: Fawn Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fawn Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,215 |
| Property Tax | -$430 | |
| Property Insurance | -$140 | |
| HOA | -$58 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$37
|
||
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.
$349,900
PROJECTED PRICE
$2,010
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 7.0% |
| 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
$98,474
LOAN DETAILS
$1,215
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
7
YEARS SAVED
$29,145
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$1,864
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
8533 Fawn Creek Dr Tampa, FL 5
- 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $2,010
- $1.12
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8753 Hampden Dr Tampa, FL 1
- 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1989
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,850
- $1.04
-
8613 Fawn Creek Dr Tampa, FL 2
- 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1999
LEASED 09/23/20- Rent
- Rent Per SQFT
- $1,850
- $1.03
-
13523 White Elk Loop Tampa, FL 3
- 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2000
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,850
- $1.00
-
13461 Staghorn Rd Tampa, FL 4
- 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2001
LEASED 01/05/21- Rent
- Rent Per SQFT
- $1,999
- $1.08
PROPERTY LISTING DETAILS
1.727.686.3127
Century 21 Coastal Alliance
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8111596
Last Updated: 01/30/2021
