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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $191.37
- 2 Days on Market
- MLS # : A4482461
- Updated Date : 11/02/2020 at 12:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,503 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Welcome to your new home! This immaculate home is a rare gem! The open floor plan offers gorgeous views of the pool and preserve with 4 sets of sliding glass doors which open to the huge screened Lanai and pool area. The open, spacious feel from the 16 ft. ceilings combined with the walls of windows truly bring the gorgeous pool and wooded views right into your home. The kitchen opens to the dinette as well as the great room and includes a cooktop, wall oven, wood cabinets, Stainless Steel appliances, and granite counter tops. The great room with the vaulted ceiling and built in cabinets is a great place to gather with family. The Master bedroom retreat includes the gorgeous views, sitting area, walk-in closet, 2nd extra closet and an en-suite bath with wood cabinetry, stone counter tops, separate Tub & Shower, and dual sinks. The back bedroom includes a wall of windows and a sliding door to again show off the preserve and pool views. The large sparkling heated Pool & Spa on the huge lanai with 2 covered verandas are perfect for relaxing or entertaining. New updates in the past year include: NEW AC, washer and dryer, pool heater, pool pump, carpet and painted interior. This home complete with a 3 car garage with a quiet cul-de-sac location is a rare find. Stoneybrook community has no mandatory golf fees and offers countless amenities including: swimming pools, basketball courts, sand volleyball courts, pickle ball, boccie ball, tennis courts, fitness center, park, rec center, a dog park and so much more! This immaculate home is in a superb location with easy access to dining, shopping, parks and the beaches. All you need is your personal items and you are ready to make this one your new home!
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: Heritage Harbour
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heritage Harbour
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,770 |
| EXPENSES | Loan Payment | -$1,767 |
| Property Tax | -$552 | |
| Property Insurance | -$190 | |
| HOA | -$111 | |
| 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 12% of earned rent to cover both maintenance and periods of vacancy.
$479,000
PROJECTED PRICE
$2,770
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 3.2% |
| 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
$132,685
LOAN DETAILS
$1,767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $119,750 |
| Loan Amount | $359,250 |
6.5
YEARS SAVED
$43,835
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,770
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$2,453
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 12/30/19- Rent
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- $2,100
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-
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LEASED 09/28/20- Rent
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- $2,400
- $1.08
-
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LEASED 09/19/20- Rent
- Rent Per SQFT
- $2,990
- $1.11
PROPERTY LISTING DETAILS
1.763.528.8273
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4482461
Last Updated: 11/02/2020
