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10324 Beneva Dr Tampa, FL 33647

4 Beds 3 Baths 2,194 sqft Built 2000

$345,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $157.25
  • 2 Days on Market
  • MLS # : T3289041
  • Updated Date : 02/07/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,194 sqft
  • Baths : 3 full
Listing Agent

Amerivet Realty Group Llc

Listing Agent's Description

BEAUTIFUL POND AND CONSERVATION/NATURAL WILDLIFE VIEWS FROM YOUR KITCHEN, MASTER BEDROOM WINDOWS AND PRIVATE POOL SCREENED LANAI!! If you've been looking for a pool home with scenic pond views, this is it! By the way, No CDD, Low HOA. This Cross Creek home in the community of Meadowcreek offers 2,194 square feet with 4 bedrooms, 3 baths and a 2 car attached garage. Your custom designed kitchen features stainless steel appliances, a prep island, staggered 42" custom cabinetry with crown molding, tile back splash and granite counter tops. Master bedroom is a first floor location along with two other bedrooms and one full bath. Master suite includes dual vanity sinks, separate shower and tub, and a walk-in closet. Two other bedrooms are on the first floor and share a full bath. Fourth bedroom is upstairs with a full bath. Bonus room comes with a built in office/study center. Meadowcreek is central to New Tampa with easy access to I-75, USF, Florida Hospital, VA Hospital, Flatwoods Wilderness Park, Wiregrass Mall, Outlet Mall and tons of restaurants. Make an appointment to see this home today!!

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: Cross Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $85k370k

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

Neighborhood: Cross Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052039

* 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
Pride Elementary School Primary Regular 922 65 8
Benito Middle School Middle Regular 1,053 63 7
Wharton High School High Regular 2,261 128 4

Pride Elementary School

  • Education Level: Primary
  • # of students: 922
  • # of teachers: 65
8
GreatSchools Rating

Benito Middle School

  • Education Level: Middle
  • # of students: 1,053
  • # of teachers: 63
7
GreatSchools Rating

Wharton High School

  • Education Level: High
  • # of students: 2,261
  • # of teachers: 128
4
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,198
Property Tax -$424
Property Insurance -$163
HOA -$43
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.

$345,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$22,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,980

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,930
1$1,9302$1,9953$1,9954$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 10324 Beneva Dr Tampa, FL 1
    • 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.88
    •  
  • 10213 Grant Creek Dr Tampa, FL 2
    • 5 beds 3 baths ∙ 2,314 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,314 Sqft ∙ Built 2001
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
  • 19910 Satin Leaf Ave Tampa, FL 3
    • 5 beds 4 baths ∙ 2,180 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,180 Sqft ∙ Built 2013
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.92
    •  
  • 10312 Birdwatch Dr Tampa, FL 4
    • 5 beds 3 baths ∙ 2,350 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,350 Sqft ∙ Built 2000
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 20013 Satin Leaf Ave Tampa, FL 5
    • 5 beds 4 baths ∙ 2,280 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,280 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.94
    •  
PROPERTY LISTING DETAILS
Michael Hamrac
1.813.477.6636
Amerivet Realty Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289041
Last Updated: 02/07/2021
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