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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $166.41
- 2 Days on Market
- MLS # : A4484831
- Updated Date : 11/28/2020 at 14:06
CONSTRUCTION
- Beds : 3
- Floor Size : 2,644 sqft
- Baths : 3 full
Listing Agent
Coastal Luxury Partners, Inc.
Listing Agent's Description
Showings available via live streaming from the comfort of your home! OPPORTUNITY KNOCKS HERE...ONE FOR THE MONEY! This unique home is situated on the golf courses 5th fairway on almost 1/4 acre, beautiful mature landscape, delivers the ultimate privacy setting, with a separate guest suite Casita, located within the popular Rosedale Golf & Country Club! Rosedale Golf & Country Club is a Gated Community with NO CDD Fees, NO Mandatory Memberships, 24 Hour Security, Full Calendar of Activities, Clubs & Events, Golf, Tennis, Fitness, Resort Style Pool, Bocce' Ball, renovated Clubhouse & so much more! The location of this community is so convenient to literally everything, UTC Mall, I-75, Hospitals, Sarasota Airport, plethora of Restaurants, Beaches, Sporting Events, Theater, etc. NOW ABOUT THIS HOME...a refreshingly different "Sunsprite" floor plan is a 2,644 sq. ft. of living space, 3 Bedroom, 3 full baths, separate guest Casita, light & bright living space surrounds the courtyard lanai & peaceful Koi Pond to stock your fish. Features & Upgrades include Brand New Roof October 2020, 5 year new A/C, 6 year new hot water heater, 2 years new LG washer & dryer, some appliances newer, new carpet, freshly painted lanai & Koi pond, Pella thermal pane windows & doors, custom closets in master bedroom, spectacular custom wood built-in library, computer cubby that can easily be converted back to 4th bath, Ready For You!
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
Zip Code: 34211
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34211
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,840 |
| EXPENSES | Loan Payment | -$1,623 |
| Property Tax | -$523 | |
| Property Insurance | -$198 | |
| HOA | -$126 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$289
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$440,000
PROJECTED PRICE
$2,840
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 3.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| 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
$122,350
LOAN DETAILS
$1,623
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $110,000 |
| Loan Amount | $330,000 |
9.25
YEARS SAVED
$66,132
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,840
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$2,915
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
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- $3,000
- $1.15
PROPERTY LISTING DETAILS
1.941.773.9629
Coastal Luxury Partners, Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4484831
Last Updated: 11/28/2020
