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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $160.90
- 2 Days on Market
- MLS # : T3291481
- Updated Date : 02/21/2021 at 01:01
CONSTRUCTION
- Beds : 3
- Floor Size : 2,169 sqft
- Baths : 2 full , 1 half
Listing Agent
Bay Dreams Realty
Listing Agent's Description
This lovely 3 bedroom plus office, 2 and a half bath Pool Home on a Beautiful Pond with a stunning nature view, is centrally located just 15 minutes to downtown Tampa, in the Sanctuary which is the gated "Reserve" of this Community. Enjoy watching the beautiful Florida Sunsets from your living room and backyard reflecting over your pool and the trees along the pond. You feel welcomed the minute you walk into this home with natural lighting that draws you to the beautiful pool overlooking the meandering pond. There is space for everyone with a living, family room, and game room/dining area. The kitchen is modern and spacious with views of the pond. The master and guest bathrooms have been elegantly updated. The Community host a Pool, Park, and safe walking, jogging and biking opportunities. The Alafia river is just a mile away and there is a public boat ramp to launch your personal water crafts or boats. it is centrally located with quick access to I-75, I-4 and the Selman expressway and all that Tampa and Brandon Florida has to offer.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Sanctuary at Oak Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sanctuary at Oak Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,212 |
| Property Tax | -$481 | |
| Property Insurance | -$163 | |
| HOA | -$79 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$73
|
||
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.
$349,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.2% |
| 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
$98,235
LOAN DETAILS
$1,212
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
4.92
YEARS SAVED
$17,225
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,773
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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-
9115 Pinebreeze Dr Riverview, FL 3
- 3 beds 2 baths ∙ 2,228 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,228 Sqft ∙ Built 2002
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,750
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8514 Grand Aspen Way Riverview, FL 4
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LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,850
- $0.89
PROPERTY LISTING DETAILS
1.813.299.5307
Bay Dreams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291481
Last Updated: 02/21/2021
