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10206 Lockwood Pines Ln Tampa, FL 33635

3 Beds 2 Baths 2,191 sqft Built 1993

$430,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $196.26
  • 8 Days on Market
  • MLS # : T3282895
  • Updated Date : 01/09/2021 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,191 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Back On The Market! Your not going to want to miss out on this one! This single family home is located in the very desirable StoneyBrook of The Countryway Community... This home is 2190 sqft with 3 bedroom 2 bath 3 car garage with pool and a huge back yard. Home has newer roof, a/c, re mar-cited pool, and vinyl fencing in the back yard. Come see this one for you and your family.

SEE MORE

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: Stony Brook at Countryway

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $85k471k

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

Neighborhood: Stony Brook at Countryway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052416

* 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
Lowry Elementary School Primary Regular 834 66 6
Farnell Middle School Middle Regular 1,356 75 9
Alonso High School High Regular 2,607 136 5

Lowry Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 66
6
GreatSchools Rating

Farnell Middle School

  • Education Level: Middle
  • # of students: 1,356
  • # of teachers: 75
9
GreatSchools Rating

Alonso High School

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

$387,000$473,000$430,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,494
Property Tax -$529
Property Insurance -$163
HOA -$32
Property Management Fees -$129
CASH FLOW
-$56

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.

$430,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.4%
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$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$26,263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,350

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2903$2,3954$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 10206 Lockwood Pines Ln Tampa, FL 2
    • 3 beds 2 baths ∙ 2,191 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,191 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.05
    •  
  • 11204 Pocket Brook Dr Tampa, FL 1
    • 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 3
    • 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
    •  
  • 10403 Lightner Bridge Dr Tampa, FL 4
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1997
    property image
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.13
    •  
  • 10364 Lightner Bridge Dr Tampa, FL 5
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1997
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
William Lennon
1.813.482.2751
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282895
Last Updated: 01/09/2021
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