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10137 Geese Trail Cir Sun City Center, FL 33573

4 Beds 3 Baths 2,070 sqft Built 2017

INVESTimate

$225,000

List Price

$1,760

$1,584 - $1,936

Rent Est.

$243,225  ( +8.10%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $108.70
  • 7 Days on Market
  • MLS # : T3260344
  • Updated Date : 08/21/2020 at 11:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,070 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Walk into this 4 Bed, 2 ½ Bath home into the foyer with a convenient, first floor half bath to the right and stairs to left. Head straight to the main living area, with an open and airy floor plan that gives this home a casual and homey feel, and you will notice the tasteful and neutral finishes throughout. The Kitchen has espresso cabinets, closet pantry, and a large work island with breakfast bar all overlooking the spacious Great Room and Dining area with sliders to the back yard. Off the Kitchen is a large closet, ideal for extra storage for rarely used dishes and kitchenware, as well as a pet nook to tuck away pet bowls and beds or add shelves for even more storage. Head upstairs to find the bedrooms which are on a split plan for privacy. The master suite features a walk-in closet and spacious bath with double sinks and the secondary bedrooms share another full, spacious bath, also with double sinks. The laundry closet, with washer and dryer included, is also on this floor for homeonwers' convenience. The fenced backyard has a patio plus an additional deck with shaded pergola for extra entertainment space. Active lifestyles will enjoy the Cypress Creek community amenities that include 3 pools, playgrounds, basketball courts, and 2 dog parks, one that includes a dog wash station. Thank you for taking the time to see this home in person.

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MARKET HIGHLIGHTS

  • 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

Zip Code: 33573

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $85k238k

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

Zip Code: 33573

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8781597

* 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
Cypress Creek Elementary School Primary Regular 649 60 2
Shields Middle School Middle Regular 1,474 99 2
Lennard High School High Regular 1,976 114 4

Cypress Creek Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 60
2
GreatSchools Rating

Shields Middle School

  • Education Level: Middle
  • # of students: 1,474
  • # of teachers: 99
2
GreatSchools Rating

Lennard High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 114
4
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$830
Property Tax -$348
Property Insurance -$157
HOA -$53
Property Management Fees -$80
CASH FLOW
$293

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.

$225,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 8.10%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

12.33

YEARS SAVED

$50,209

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,853

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,7603$1,8004$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 10137 Geese Trail Cir Sun City Center, 2
    • 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.85
    •  
  • 10138 Geese Trail Cir Ruskin, 1
    • 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 2017
    property image
    LEASED 07/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 15740 Crystal Waters Dr Wimauma, 3
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2007
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 10126 Mangrove Well Rd Sun City Center, 4
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2018
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.82
    •  
  • 16022 Golden Lakes Drive Wimauma, 5
    • 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 2011
    property image
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
PROPERTY LISTING DETAILS
Raymond Chadderton
1.813.684.9500
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260344
Last Updated: 08/21/2020
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