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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $148.21
- 3 Days on Market
- MLS # : T3286090
- Updated Date : 01/22/2021 at 09:36
CONSTRUCTION
- Beds : 4
- Floor Size : 1,956 sqft
- Baths : 2 full
Listing Agent
Florida Executive Realty
Listing Agent's Description
HOT NEW LISTING ! HIGHLY DESIRABLE SOUTH RIDGE NEIGHBORHOOD ! VERY LOW HOA AND NO CDD ! CORNER LOT ! NEWER ROOF ! BRAND NEW UPDATED KITCHEN ! LARGE SCREENED-IN LANIA ! VERY WELL MANINTAINED HOME WITH PRIDE OF OWNERSHIP ! BEAUTIFUL YARD ! COME SEE THIS GORGEOUS 4 BEDROOM 2 BATH 2 CAR GARAGE HOME THAT HAS “ALMOST” 2000 SQUARE FEET OF LIVING AREA AND “JUST OVER” 2500 SQUARE FEET UNDER ROOF ! YOUR NEWLY REMODELED KITCHEN BOAST OF: GRAY SHACKER SOFT CLOSE CABINETS, GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES, DESIGNER BACKSPLASH, CLOSET PANTRY, TILE FLOOR AND EATING SPACE IN KITCHEN ! HERE ARE SOME MORE AMAZING FEATURES: 25 YEAR DIMENSIONAL ROOF (2019) KITCHEN REMODELED (2020) APPLIANCES (2016) WATER HEATER (2016) LAMINATE & TILE FLOORS THRU-OUT HOME EXCEPT FOR CARPET IN 3 SECONDARY BEDROOMS, SCREENED-IN LANIA, LIVING/DINING ROOM COMBO WITH SEPARATE FAMILY ROOM, INSIDE UTILITY ROOM, HUGH CORNER LOT WITH MATURE LANDSCAPING AND ALL WINDOW TREATMENTS & FANS INCLUDED ! YOUR OWNERS SUITE HAS: WALK-IN HANDICAP ACCESSIBLE DOORS & SHOWER, LAMINATE FLOORS, WALK-IN CLOSET AND IS VERY SPACIOUS ! THIS HOME IS IN A FANTASTIC LOCATION AND CLOSE TO SCHOOLS, SHOPPING, HOSPITAL & RESTUARANTS ! PLEASE CALL YOUR AGENT TODAY TO SCHEDULE A PRIVATE SHOWING !
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: South Ridge of Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Ridge of Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$369 | |
| Property Insurance | -$150 | |
| HOA | -$28 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$28
|
||
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.
$289,900
PROJECTED PRICE
$1,710
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 4.9% |
| 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
$82,574
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
6.58
YEARS SAVED
$22,739
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,721
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
916 Ridge Haven Dr Brandon, FL 4
- 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,710
- $0.87
-
1614 Wakefield Dr Brandon, FL 1
- 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1996
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,495
- $0.85
-
1202 Tuxford Dr Brandon, FL 2
- 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1989
LEASED 08/25/20- Rent
- Rent Per SQFT
- $1,550
- $0.87
-
1506 Wakefield Dr Brandon, FL 3
- 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1996
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.92
-
1607 Clarit Way Brandon, FL 5
- 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2001
LEASED 02/05/20- Rent
- Rent Per SQFT
- $1,850
- $0.88
PROPERTY LISTING DETAILS
1.813.382.8077
Florida Executive Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3286090
Last Updated: 01/22/2021
