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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $174.31
- 7 Days on Market
- MLS # : U8106744
- Updated Date : 12/11/2020 at 12:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,094 sqft
- Baths : 2 full
Listing Agent
Bhhs Florida Properties Group
Listing Agent's Description
Great home is Countryway, freshly painted inside and out, with beautiful pavered driveway and walkways. Enter into L shaped living room dining room combination, highlighted with crown molding and plant shelves. Dining room has slider to a huge screened porch, perfect as a year round play and entertainment area. One side of the Living room leads to the family room and the other to dining room which leads to the kitchen with a breakfast bar open to the family room complete with vaulted ceilings & fireplace. Eat in Kitchen has lots of cabinets and two pantries two sinks, new dishwasher and refrigerator 2020. Slider also leads out to the screened porch. Split bedroom plan. Primary Bedroom on one side and 3 additional bedrooms on the other side. Large Primary Suite has sliders out to the porch. Primary bath has a double vanity, soaker tub, separate shower with dual heads, large walk in closet and a separate linen closet. Off the family room are 3 additional bedrooms. One is currently being used as an office. Hall bath also has a door to the screened porch. Large fenced in backyard with plenty of room for a pool. Fence is about 3 years old. Roof is 2011, Hvac in 2006 with new UV light in 2020 and water heater in 2014. Ideal location. Countryway Golf Club and Courntryway Park are right across the street from the entrance to the neighborhood on Waters. A couple miles down on Waters is also the Upper Hillsborough Trails, YMCA and a Doggie Park. Call today for your own private tour.
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: Bay Brook at Countryway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bay Brook at Countryway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,347 |
| Property Tax | -$430 | |
| Property Insurance | -$157 | |
| HOA | -$29 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$128
|
||
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.
$365,000
PROJECTED PRICE
$2,220
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.4% |
| 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
$102,475
LOAN DETAILS
$1,347
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
8.42
YEARS SAVED
$47,612
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$2,183
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 10/27/19- Rent
- Rent Per SQFT
- $2,395
- $1.04
PROPERTY LISTING DETAILS
1.727.204.7155
Bhhs Florida Properties Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8106744
Last Updated: 12/11/2020
