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10312 Green Grove Pl Tampa, FL 33624

3 Beds 2 Baths 1,422 sqft Built 1978

$269,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $189.80
  • 2 Days on Market
  • MLS # : T3288974
  • Updated Date : 02/06/2021 at 18:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,422 sqft
  • Baths : 2 full
Listing Agent

Re/max Action First Of Florida

Listing Agent's Description

CORNER LOT... This Remodeled 3 bedroom, 2 bath, 1422 s/f home on a fenced, CORNER lot is contemporary, clean and ready to move in! This home has freshly painted interior and exterior and under the old Oak Tree and into the courtyard you’ll be greeted with fresh new sod and large fenced yard as you make your way to the brand new french front doors. Upon entering you will find large open living spaces with flexible options for entertaining or everyday life and all freshly painted in the huge tiled family/living room with sliders to the yard and new ceiling fan. Step on over to the gorgeous kitchen and check out the brand new Shaker Style Cabinets, brand new granite counters, deep double sink with upgraded nickel plated fixtures, stainless range and newer Fridge, microwave and dishwasher. There is also a granite breakfast bar with room for seating. The split floor plan features a spacious master suite downstairs to the rear with window treatments and huge walk in closet and a master bath w/vanity, deco lighting and extra cabinet space. Additional 2 bedrooms and guest bath with Corian Counters, tub & shower, new toilet, are located upstairs with Bamboo Floors, new ceiling fans, large closets. While you relax with your favorite hot or cold beverage there is plenty of room for family and friends. The side yard is completely fenced and freshly landscaped for your enjoyment. Some of the other features include storage shed, double parking pad, laundry room downstairs, newer roof and A/C, new water heater, brand new lighting throughout, new window treatments and sliders off the kitchen to your own patio. If all of this was not enough, the Plantation Community is famous for its 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 and Ponds for fishing. Centrally located in Tampa with only a short driving distance to the Upper Tampa Bay Trail, great schools, hospitals, dining, and shopping. Also convenient to Tampa International Airport, Veterans Expressway, 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

  • 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: 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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$937
Property Tax -$332
Property Insurance -$118
HOA -$68
Property Management Fees -$129
CASH FLOW
-$105

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.

$269,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.55%

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

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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,500

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,6003$1,6004$1,6495$1,700
$1,700
RENT COMPS ANALYSIS
  • 10312 Green Grove Pl Tampa, FL 1
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.04
    •  
  • 5111 Bonnedale Ct Tampa, FL 2
    • 4 beds 3 baths ∙ 1,575 Sqft ∙ Built 1982 4 beds 3 baths ∙ 1,575 Sqft ∙ Built 1982
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 11327 Calgary Cir Tampa, FL 3
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1995
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 11119 Bramblebrush St Tampa, FL 4
    • 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 1993
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.02
    •  
  • 5128 Springwood Dr Tampa, FL 5
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1982
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.12
    •  
PROPERTY LISTING DETAILS
Archie Campbell, Iii
1.813.361.9699
Re/max Action First Of Florida
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288974
Last Updated: 02/06/2021
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