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INVESTimate
$334,900
List Price
$94,499
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $132.90
- 3 Days on Market
- MLS # : U8095460
- Updated Date : 08/25/2020 at 04:36
CONSTRUCTION
- Beds : 3
- Floor Size : 2,520 sqft
- Baths : 3 full
Listing Agent
Keys To The Bay Real Estate
Listing Agent's Description
Well maintained and neat as a pin! Located in the desirable city of Temple Terrace just north of Tampa. This 4 bedroom, 3 bathroom home is located on over 1/4 acre of land. The spacious interior features 3 levels of living space. The master suite with ensuite bathroom, 2 additional bedrooms and guest bathroom are located on the upper floor. The living room, eat-in kitchen and, dining room are located on the mid level. The 4th bedroom and bathroom are located on the lower level and can be easily converted into another master bedroom or in-law suite. Also on the lower level are 2 private offices, a sitting room and, a beautiful family room perfect for entertaining. Upgrades include Crown molding throughout the home, pre wired for surround sound, hardwood flooring, laundry room, hurricane impact windows, roof (including shed) have just been replaced and, a large barn style shed in the back yard. This is truly a show home. Showing by appointment only. Please follow CDC guidelines while touring. Call today, this one will sell fast.
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Temple Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Temple Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,900 |
EXPENSES | Loan Payment | -$1,236 |
Property Tax | -$397 | |
Property Insurance | -$182 | |
Property Management Fees | -$80 | |
CASH FLOW
$5
|
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.
$334,900
PROJECTED PRICE
$1,900
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.13% |
Appreciation Year (1-5) | 5.05% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.27% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,499
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $83,725 |
Loan Amount | $251,175 |
6.33
YEARS SAVED
$28,936
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 -
$0.75
LIST RENT PER SQFT
-
$2,117
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.727.470.0030
Keys To The Bay Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8095460
Last Updated: 08/25/2020