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10105 Londonshire Ln Tampa, FL 33647

4 Beds 3 Baths 2,849 sqft Built 2002

$380,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $133.38
  • 7 Days on Market
  • MLS # : T3283135
  • Updated Date : 01/07/2021 at 11:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,849 sqft
  • Baths : 3 full
Listing Agent

Better Realty Services,llc

Listing Agent's Description

Well maintained 4 bedroom 3 bath, 3 car garage home in gated community of Covington Estates. Home has recently been painted inside. There is a formal living and dining room as you enter the home leading to hallway, with art niches, going into the open kitchen and family room areas. There are dramatic pillars and arches throughout the home. Large kitchen features granite counters, 42" maple cabinets, island, big breakfast counter, pantry closet, pendant lighting and large eat-in space. The oversized family room has tile floors, ceiling fan and pocket slider to screened and covered lanai. Lanai has an outdoor kitchen. The private master suite has 2 walk in closets, plant shelves and slider to lanai. Master bath features his and her vanities, soaking tub, walk in shower with 2 shower heads and glass block window, and linen closet. There are 3 more large bedrooms each with a walk in closet off the family room. The largest bedroom has an en suite bath with access to the lanai. Large back yard is partially fenced. Washing machine not warranted. Seller will provide home warranty.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Cross Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $85k370k

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

Neighborhood: Cross Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052039

* 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
Pride Elementary School Primary Regular 922 65 8
Benito Middle School Middle Regular 1,053 63 7
Wharton High School High Regular 2,261 128 4

Pride Elementary School

  • Education Level: Primary
  • # of students: 922
  • # of teachers: 65
8
GreatSchools Rating

Benito Middle School

  • Education Level: Middle
  • # of students: 1,053
  • # of teachers: 63
7
GreatSchools Rating

Wharton High School

  • Education Level: High
  • # of students: 2,261
  • # of teachers: 128
4
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,320
Property Tax -$467
Property Insurance -$201
HOA -$67
Property Management Fees -$129
CASH FLOW
$146

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.

$380,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$41,665

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,073

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,2654$2,2955$2,330
$2,330
RENT COMPS ANALYSIS
  • 10105 Londonshire Ln Tampa, FL 5
    • 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.82
    •  
  • 10410 Riverburn Dr Tampa, FL 1
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2000
    LEASED 07/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.72
    •  
  • 19914 Satin Leaf Ave Tampa, FL 2
    • 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 2013
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.71
    •  
  • 20114 Blue Daze Ave Tampa, FL 3
    • 5 beds 3 baths ∙ 2,988 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,988 Sqft ∙ Built 2013
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,265
    • $0.76
    •  
  • 20127 Oakflower Ave Tampa, FL 4
    • 4 beds 3 baths ∙ 3,171 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,171 Sqft ∙ Built 2011
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.72
    •  
PROPERTY LISTING DETAILS
Kathleen Rieger
1.813.793.4380
Better Realty Services,llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283135
Last Updated: 01/07/2021
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