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10148 Geese Trail Cir Sun City Center, FL 33573

3 Beds 2 Baths 1,516 sqft Built 2017

$224,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $148.35
  • 2 Days on Market
  • MLS # : U8110526
  • Updated Date : 01/23/2021 at 12:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,516 sqft
  • Baths : 2 full
Listing Agent

Terry Morehouse & Assoc Realty

Listing Agent's Description

This Ultra-clean, non-smoking, non-pet home built in 2017, was the builder's ("Allex" floorplan) which they used as a Sales Model until I sold it in late 2019 and is still covered under the transferrable 10 year warranty. Appliances have their own warranty. Now for the good stuff. Barely lived in by the original owner, you would be hard pressed to find a cleaner or nicer home of this magnitude without it being just built. Additionally, because it was a model, the landscaping is more lush, and all the appliances are all upgraded. In addition to the exceptional quality of the all concrete block construction, the home is total WiFi / Bluetooth ready for your remote locking and interfacing. Likewise, the home meets hurricane codes including preset hurricane shutter panels for easy mounting. While noticing the cleanliness in the photos, pay special attention to the HVAC system room and how clean it is. If that doesn't promote the idea, nothing will. While I could continue raving about this wonderful home and all it has to offer, nothing will take the place of my words better than seeing it in person. So let's go!!! Call me or your agent today. In this market environment, this uniquely clean and quality home will not last.

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$781
Property Tax -$335
Property Insurance -$124
HOA -$53
Property Management Fees -$129
CASH FLOW
$28

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.

$224,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 8.1%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$781

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$17,593

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,543

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,6504$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 10148 Geese Trail Cir Sun City Center, FL 1
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
  • 10223 Mangrove Well Rd Sun City Center, FL 2
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2018
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.00
    •  
  • 10131 Geese Trail Cir Sun City Center, FL 3
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 2017
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
  • 15412 Ibis Fall Pl Sun City Center, FL 4
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2018
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 10028 Geese Trail Cir Sun City Center, FL 5
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2018
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
PROPERTY LISTING DETAILS
Terry Morehouse
1.813.244.0056
Terry Morehouse & Assoc Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8110526
Last Updated: 01/23/2021
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