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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $123.53
- 56 Days on Market
- MLS # : T3278301
- Updated Date : 01/23/2021 at 17:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,504 sqft
- Baths : 3 full
Listing Agent
Tjk Properties Inc
Listing Agent's Description
Gorgeous executive home over 2500 SqFt 4Bd 3Ba in Waters Edge w/ 3 car garage rm. With 4 bedrooms, three full bathrooms and a 3 car garage plus upstairs media/bonus you will have room to roam. This home features a formal living & dining room which are spacious. The casual dining area is next to the kitchen which is open to the family room. The kitchen has 42” wood cabinets, Corian counters w/ ceramic back splash and is ready for the chef's in the family. The family room is large and has sliding doors to the screened porch which is a great place to relax. The master bedroom has two walk in closets and the master bathroom is a delight with double vanity with two sinks, garden tub and separate glass enclosed shower. There are another two bedrooms and two bathrooms downstairs servicing everybody's needs. Upstairs there is a large bedroom/bonus room that has a very large storage area…you have to agree that this is a great deal all around. This gated community offers a state of the art 9000 Sq Ft club house with fitness room, community pool, volleyball court, boat ramp, fishing pier, theater/media room & tot lot. Flood Zone ‘X’ [non flood]. . EXTRA LARGE LOT-OVER 1/4 ACRE ***SELLER WILL CONVEY $7,777 CASH ALLOWANCE AT CLOSING FOR FLOORING/UPGRADE ALLOWANCE--BUYER WALKS WITH $$ AFTER CLOSING****
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: Waters Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waters Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,074 |
| Property Tax | -$460 | |
| Property Insurance | -$182 | |
| HOA | -$152 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$97
|
||
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.
$309,309
PROJECTED PRICE
$1,900
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 6.1% |
| 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
$87,717
LOAN DETAILS
$1,074
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,327 |
| Loan Amount | $231,982 |
4.33
YEARS SAVED
$12,505
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,009
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/11/20- Rent
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11324 Biddeford Pl New Port Richey, FL 5
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LEASED 02/17/20- Rent
- Rent Per SQFT
- $2,200
- $0.82
PROPERTY LISTING DETAILS
1.727.647.0660
Tjk Properties Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3278301
Last Updated: 01/23/2021
