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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $121.89
- 2 Days on Market
- MLS # : U8105919
- Updated Date : 11/28/2020 at 13:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,882 sqft
- Baths : 2 full
Listing Agent
Keller Williams Gulfside Rlty
Listing Agent's Description
Beautiful Bright and Natural Light Open spacious home with a Split Floor Plan Layout, Move-in-ready. This home includes All appliances and Furniture and TV. Open Double Door Entryway to the living room dinette area combo with high cathedral/vaulted ceilings. 3 bedroom with 2 bathrooms and a 2 car garage, Large Eat-In Kitchen with Breakfast Bar overlooks the family room, great for entertaining plus a built in desk. Master Bathroom has 2 walk-in closets, Jacuzzi Tub, Separate Shower and His and Hers Dual Granite Vanity. The two additional bedrooms have closets and Ceiling Fans. Laundry room has Washer and Dryer as well as a Mop Sink. Large Backyard with Automated Sprinkler System, Multiple Fruit Trees and plenty of room to add a Pool. It also has a large Florida room almost 300 sq/ft for rainy days or just a quiet room to chill. Low HOA : $125 quarterly includes Pool and Tennis courts access, located near shopping, restaurants, schools, beaches and major highways. 45 minutes to Tampa airport. Florida living at its best! Depending on your lender, 30-45 day closing, unless cash.
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: Barrington Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Barrington Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,440 |
EXPENSES | Loan Payment | -$846 |
Property Tax | -$257 | |
Property Insurance | -$146 | |
HOA | -$42 | |
Property Management Fees | -$80 | |
CASH FLOW
$69
|
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.
$229,400
PROJECTED PRICE
$1,440
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.87% |
Appreciation Year (1-5) | 9.1% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.25% |
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
$66,541
LOAN DETAILS
$846
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $57,350 |
Loan Amount | $172,050 |
7.5
YEARS SAVED
$25,149
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,487
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.727.543.5055
Keller Williams Gulfside Rlty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8105919
Last Updated: 11/28/2020