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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $137.47
- 3 Days on Market
- MLS # : A4488581
- Updated Date : 01/16/2021 at 10:03
CONSTRUCTION
- Beds : 4
- Floor Size : 2,909 sqft
- Baths : 3 full , 1 half
Listing Agent
Kw Suncoast
Listing Agent's Description
Welcome home! Space Galore – inside and out. Gorgeous, manicured landscaping greets you at the front of this home situated on a Peaceful, Serene lot with relaxing views. Enjoy quiet sunrise from the lanai or sit out front to watch the sunset. Doesn’t get better than this. Located on a Cul-de-sac means minimal drive-by traffic. Take advantage of living on a golf-course without the expense of golf course member ship fees. This area is quickly becoming the place to live because of its convenient location with easy access to St. Pete, Tampa, Sarasota, Bradenton, etc. All the Suncoast offers just an easy car-ride away. MOVE-IN READY home offers plenty of space for everyone in your family. Not only are there (4) Bedrooms BUT there is a FAMILY ROOM in addition to the LIVING ROOM. Plus, the Master Suite features a BONUS ROOM to provide you with a special place separate from everyone else for relaxation, reading, etc. Split-Bedroom Plan affords privacy for everyone. Kitchen features tons of COUNTER SPACE and CABINETS, plus a WALK-IN PANTRY. New and Newer Kitchen Appliances - Stove and Microwave (2020); Refrigerator, Dishwasher and Garbage Disposal (2016). Big-ticket items have been taken care of so you can just move in and start enjoying your home right away! BOTH A/C units replaced in 2020. Exterior Painted (2020). Water Heater (2020). The irrigation system Updated and Upgraded (2019.). HURRICANE SHUTTERS are stored in the garage. Lanai Rescreened (2019). Large very usable backyard offers room for pool or whatever makes you happy. PET-FRIENDLY community. Low HOA fees. Seller offering a ONE-YEAR HOME WARRANTY for added PEACE OF MIND.
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: Imperial Lakewoods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Imperial Lakewoods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$408 | |
| Property Insurance | -$215 | |
| HOA | -$42 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$2
|
||
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.
$399,900
PROJECTED PRICE
$2,180
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 7.6% |
| 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
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
5.67
YEARS SAVED
$25,443
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,022
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
9347 Raes Creek Pl Palmetto, FL 3
- 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $2,180
- $0.75
-
8831 Founders Cir Palmetto, FL 1
- 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2005
![property image]()
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,895
- $0.65
-
4255 70th Street Cir E Palmetto, FL 2
- 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2006
![property image]()
LEASED 08/20/19- Rent
- Rent Per SQFT
- $1,950
- $0.74
PROPERTY LISTING DETAILS
1.941.323.5118
Kw Suncoast
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4488581
Last Updated: 01/16/2021
