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10041 Oasis Palm Dr Tampa, FL 33615

4 Beds 3 Baths 2,243 sqft Built 1998

$419,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $186.80
  • 4 Days on Market
  • MLS # : T3296292
  • Updated Date : 03/19/2021 at 15:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,243 sqft
  • Baths : 3 full
Listing Agent

Lion's Group Realty, Llc

Listing Agent's Description

Ideally located in a desirable community, this gorgeous home offers four bedrooms plus a den, three baths, and luxuriously inviting spaces for living, relaxing, and entertaining. Inside, amazing details include, ambient recessed lighting, lofty ceilings, crown molding, tile flooring and quality fixtures and finishes throughout. Beautiful and bright, the open concept floor plan is ideal for hosting guests. Meal preparation is easy in the gourmet kitchen complete with granite countertops, generous cabinet storage, convenient breakfast bar and stainless-steel appliances. Each of the bathrooms are stylishly done and two feature quartz topped vanities. Sleep soundly in the tranquil master with walk in closet, pool access and spa-style ensuite with dual sinks, soaking tub and walk-in shower. All of the additional bedrooms are spacious and comfortable. Out back, take a dip in the pool, watch the game under the overhang or simply sit out with a cool drink and take in the tranquil lake views out on the wonderful enclosed lanai. For added convenience, a full bath is also accessible from the pool deck. Separate den ideal as a home office! Dedicated laundry room with storage, NEW ROOF in 2018, NEW WATER HEATER installed in 2020, and NEW POOL PUMP installed in 2020. Residents of this fantastic neighborhood enjoy a community park and playground. This ideal location is perfect for a commuter and convenient to downtown and the Tampa International Airport. Fabulous ease of living awaits. Schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: West Bay

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k323k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: West Bay

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781824

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Bay Crest Elementary School Primary Regular 737 56 3
Davidsen Middle School Middle Regular 959 54 5
Alonso High School High Regular 2,607 136 5

Bay Crest Elementary School

  • Education Level: Primary
  • # of students: 737
  • # of teachers: 56
3
GreatSchools Rating

Davidsen Middle School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 54
5
GreatSchools Rating

Alonso High School

  • Education Level: High
  • # of students: 2,607
  • # of teachers: 136
5
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,455
Property Tax -$515
Property Insurance -$166
HOA -$44
Property Management Fees -$129
CASH FLOW
-$120

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.

$419,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,455

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$18,940

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,190

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,344

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$2,1903$2,1954$2,2005$2,395
$2,395
RENT COMPS ANALYSIS
  • 10041 Oasis Palm Dr Tampa, FL 2
    • 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.98
    •  
  • 9050 Westbay Blvd Tampa, FL 1
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1997
    property image
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.01
    •  
  • 9512 W Flora St Tampa, FL 3
    • 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 1985
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.05
    •  
  • 11204 Pocket Brook Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1989
    property image
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.08
    •  
  • 11219 Pocket Brook Dr Tampa, FL 5
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1990
    property image
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.04
    •  
PROPERTY LISTING DETAILS
Randy Ahmad
1.813.857.0719
Lion's Group Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296292
Last Updated: 03/19/2021
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