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INVESTimate
$319,900
List Price
$90,524
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $150.97
- 3 Days on Market
- MLS # : A4476242
- Updated Date : 08/25/2020 at 04:36
CONSTRUCTION
- Beds : 3
- Floor Size : 2,119 sqft
- Baths : 2 full
Listing Agent
Fine Properties
Listing Agent's Description
NO HOA in this sought after neighborhood. Great 3 Bedroom / 2 Bath home with LARGE Metal over hang. Bring your RVs, Boats, Extra Cars. Lots of Storage AND a 13X 19 Air Conditioned Workshop. This is a very unique and great property right in the center of it all. Great Island kitchen with lots of counter space and Cabinets. Brand New AC and Duct work.... Well Pump 3 years old. Galvanized Metal Roof with a Lifetime Warranty... New Hot Water Heater..... Black Appliances are about 4 years old and Hurricane Shutters included. The Living room is AMAZING. Finished out with Pine from Floor to Ceiling. Plumbing has been replaced. Very Low Maintenance property with Pavers thru out. This home is very special. Just minutes to Shopping, Restaurants , The worlds most Beautiful beaches and UTC Mall. Don't miss out on this great find !!!
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: Crestline
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Crestline
* 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 | $1,750 |
EXPENSES | Loan Payment | -$1,180 |
Property Tax | -$299 | |
Property Insurance | -$166 | |
Property Management Fees | -$80 | |
CASH FLOW
$25
|
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.
$319,900
PROJECTED PRICE
$1,750
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.34% |
Appreciation Year (1-5) | 7.72% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 3.70% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,524
LOAN DETAILS
$1,180
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $79,975 |
Loan Amount | $239,925 |
6.42
YEARS SAVED
$28,240
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,061
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.941.544.6227
Fine Properties
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4476242
Last Updated: 08/25/2020