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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $214.21
- 2 Days on Market
- MLS # : U8104737
- Updated Date : 11/15/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,984 sqft
- Baths : 2 full
Listing Agent
Coastal Properties Group
Listing Agent's Description
Welcome Home to this Immaculate 3 bed, 2 bath Pool Home situated Perfectly on a Pond View Lot Located in the Prestigious Worthington Subdivision of East Lake Woodlands! This is more than just a Home, this is a Lifestyle! Live the Florida Resort Lifestyle with the Exclusive 24-Hr. Manned, Gated Community of East Lake Woodlands! Featuring a Private Country Club, 2 Championship Golf Courses, Multiple Pools, Tennis Courts & Fitness Center. Admire your New Home as you are walking up to the covered front porch and double door entry. Enter the front doors and you will feel at home immediately from the quaint formal Living Room with sliders looking out to the Gorgeous Pool over looking the Pond! Walk into the Kitchen which is open to the Great Room with a cozy, Wood Burning Fireplace to snuggle up to on those select cooler evenings! This Main Room also opens up to the Oasis outback. And stepping outside, you will marvel at the Pristine Brick Paved Patio and Covered Lanai with your Heated, Pebble Tec Pool and Spa! Treat yourself to countless nights or weekends Relaxing in your Spa or Pool after a long hard day or week of work! Or enjoy your morning coffee on your covered lanai, as the sun rises every morning over the Beautiful Pond and Trees outback. You can enjoy the many trails to exercise on every day as well. Take in all of the Nature that fully encompasses this Amazing Community! You will feel like you are away on vacation, away from everything, but yet still so conveniently located close to Restaurants, Grocery Stores, Shops, Malls, World Renown & Award-Winning White Sandy Beaches, short commutes to the Tampa or St. Pete Airports and close to Downtown Tampa & St. Petersburg as well. This home has it all and is calling your name! Schedule your viewing today! Side note, there is an ”Owners Only” remote controlled entrance and exit gate just around the corner from this home, so once you live here you do not need to go in and out of the public guarded gate area. Also, the Roof is only 6 Years Old!
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Worthington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Worthington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,280 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$537 | |
| Property Insurance | -$152 | |
| HOA | -$113 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$170
|
||
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.
$425,000
PROJECTED PRICE
$2,280
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.3% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
4.17
YEARS SAVED
$19,786
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,280
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$2,296
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
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- $2,700
- $1.27
PROPERTY LISTING DETAILS
1.813.486.6639
Coastal Properties Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8104737
Last Updated: 11/15/2020
