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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $149.11
- 2 Days on Market
- MLS # : T3276869
- Updated Date : 11/21/2020 at 17:36
CONSTRUCTION
- Beds : 4
- Floor Size : 2,297 sqft
- Baths : 3 full
Listing Agent
Jason Thomas Real Estate And Investment Group
Listing Agent's Description
Hidden Gem in Hidden Oaks Circle. Pride of ownership on full display. 4 bedrooms 3 full baths 1 car garage with 2297 square feet of living space. This property is wired for security cameras, has a brand new roof only several months old, dual air conditioning, owner's bedroom has an in-ground spa, property is also equipped with a generator, so when the power goes out for your neighbors, you will not skip a beat. Back of the property has a storage shed with electric, screened in lanai off of the owner’s suite and a spacious fenced yard with a deck to enjoy the sunsets. Submit your offers TODAY!
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: Forest Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Forest Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,264 |
| Property Tax | -$412 | |
| Property Insurance | -$169 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$75
|
||
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.
$342,500
PROJECTED PRICE
$2,000
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 11.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| 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
$96,513
LOAN DETAILS
$1,264
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,625 |
| Loan Amount | $256,875 |
7.25
YEARS SAVED
$35,421
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,259
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
9624 Hidden Oaks Cir Tampa, FL 2
- 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $2,000
- $0.87
-
6909 N Oregon Ave Tampa, FL 1
- 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1966
LEASED 04/16/20- Rent
- Rent Per SQFT
- $1,600
- $0.80
-
11510 N Ravine Road Tampa, FL 3
- 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1962
LEASED 10/24/20- Rent
- Rent Per SQFT
- $2,100
- $1.08
-
2810 Linthicum Pl Tampa, FL 4
- 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1965
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,499
- $1.07
PROPERTY LISTING DETAILS
1.813.458.9820
Jason Thomas Real Estate And Investment Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3276869
Last Updated: 11/21/2020
