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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $156.59
- 5 Days on Market
- MLS # : T3276595
- Updated Date : 11/28/2020 at 21:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,548 sqft
- Baths : 2 full , 1 half
Listing Agent
Florida Executive Realty
Listing Agent's Description
Move in Ready & Quick Close! Seller is relocating. This is a Beautiful 4 bedroom, 2.5 bath, two story "salt water pool" home. Once you step inside, you will find an unswerving commitment to quality. The home boasts a formal entry, living, dining and family room on the first floor. All wrapped around a beautiful kitchen with tiled back splash and solid counter tops. The French doors in the Family Room open to the outside oasis featuring a pool. The upstairs features a large master bedroom with a sitting area and huge closet space, complimented with three full size bedrooms and a full bathroom. There are too many upgrades to list, brand new Landscape, 2019 new paint in and out, 2018 All new appliances, Screen enclosed heated salt water pool with Pebble tech finish and paver, hardwood floors in the main downstairs areas, stairs and upstairs foyer, crown molding on the first floor, decorative glass front doors, French doors off the family room, decorative mirrors in all the baths and decorative hardware in all the wet areas, fenced yard. AC unit in the first replaced in June 2014, AC unit in the second floor replaced in 2012. Wonderful friendly neighborhood with No CDD and great schools, close to airport, shopping, downtown Tampa and Clearwater. This jewel will not last long.
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: 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 | $2,580 |
| EXPENSES | Loan Payment | -$1,472 |
| Property Tax | -$486 | |
| Property Insurance | -$184 | |
| HOA | -$80 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$279
|
||
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.
$399,000
PROJECTED PRICE
$2,580
PROJECTED RENT
0.65%
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
$111,485
LOAN DETAILS
$1,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
9.67
YEARS SAVED
$65,145
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,580
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,790
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
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8812 Riverscape Way Tampa, FL 3
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- 4 beds 2 baths ∙ 2,281 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,281 Sqft ∙ Built 1994
LEASED 03/05/20- Rent
- Rent Per SQFT
- $2,600
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12427 Bristol Commons Cir Tampa, FL 5
- 5 beds 3 baths ∙ 2,444 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,444 Sqft ∙ Built 1993
LEASED 07/06/20- Rent
- Rent Per SQFT
- $2,850
- $1.17
PROPERTY LISTING DETAILS
1.760.822.3545
Florida Executive Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3276595
Last Updated: 11/28/2020
