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10301 Fernbrook Ln Tampa, FL 33624

4 Beds 2 Baths 1,469 sqft Built 1978

$269,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $183.12
  • 5 Days on Market
  • MLS # : T3282395
  • Updated Date : 01/02/2021 at 12:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,469 sqft
  • Baths : 2 full
Listing Agent

First In Real Estate Service

Listing Agent's Description

Claim your new address in Tampa's PLANTATION before it is gone! This RARE 4 bedroom 2 bath home on a fenced, CORNER lot is Contemporary, Cute, Clean and ready to move in! You’ll be greeted with fresh, tropical landscaping as you make your way to the front door. Upon entereing, you’ll find large open living spaces and soaring ceilings with flexible options for entertaining or everyday life – all freshly painted! Step on over to the gorgeous kitchen and check out the NEW cabinets, NEW granite, NEW stainless appliances, NEW backsplash, enlarged pass through/breakfast bar with room for seating. The split floorplan features a spacious master suite to the rear with NEW IKEA treatments, NEW vanity, NEW lighting, newer windows (2018) and more. Additional 3 bedrooms and full bath are located toward the front of the home and you’ll find lots of NEW there as well! Want to bring a bit of the outside in? Step through the sliders to the huge screened and covered lanai and enjoy the amazing Florida weather while you relax with your favorite hot or cold beverage – plenty of room for family and friends if you’d like to share! Back and side yards are completely fenced and freshly landscaped for your enjoyment. Laundry hookups are located toward the front in the ‘garage’/storage area. Roof new as of 2014, AC in 2018. If all this weren’t enough, the Plantation community is famous for it’s outstanding amenities and recreational choices - 2 community pools, Great Clubhouse, Playgrounds/Parks, 2 Tennis courts, Volleyball, Basketball, and Handball courts, Baseball and Soccer fields, Walking trails, Ponds for fishing. And… location, location, location! Centrally located in Tampa with only a short driving distance to great schools, hospitals, dining, and shopping. Also convenient to Tampa International Airport, Veterans Express Way, and major interstates making an easy commute to downtown Tampa or to visit Florida’s award winning beaches and attractions! Don't miss out!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Plantation

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $79k238k

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

Neighborhood: Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781613

* 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
Cannella Elementary School Primary Regular 727 54 6
Pierce Middle School Middle Regular 977 66 3
Leto High School High Magnet 1,971 108 4

Cannella Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 54
6
GreatSchools Rating

Pierce Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 66
3
GreatSchools Rating

Leto High School

  • Education Level: High
  • # of students: 1,971
  • # of teachers: 108
4
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$992
Property Tax -$331
Property Insurance -$121
HOA -$69
Property Management Fees -$129
CASH FLOW
-$52

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.

$269,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 11.0%
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

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$17,737

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,564

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6003$1,6494$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 10301 Fernbrook Ln Tampa, FL 1
    • 4 beds 2 baths ∙ 1,469 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,469 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.08
    •  
  • 11327 Calgary Cir Tampa, FL 2
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1995
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 11119 Bramblebrush St Tampa, FL 3
    • 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 1993
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.02
    •  
  • 10039 Cedar Dune Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1992
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.11
    •  
  • 10315 Fernbrook Ln Tampa, FL 5
    • 4 beds 3 baths ∙ 1,637 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,637 Sqft ∙ Built 1978
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
PROPERTY LISTING DETAILS
Barbara Nelson-fuqua
1.813.345.8559
First In Real Estate Service
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282395
Last Updated: 01/02/2021
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