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10337 Del Mar Cir Tampa, FL 33624

3 Beds 3 Baths 2,328 sqft Built 1977

$385,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $165.38
  • 63 Days on Market
  • MLS # : W7828751
  • Updated Date : 01/29/2021 at 07:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,328 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vip Executive Realty Llc

Listing Agent's Description

Very nice 3 Bedroom 2 1/2 Bath 2-story home in the heart of Tampa just off Linebaugh Avenue, featuring an oversized lot, private pool and Studio Suite with separate entrance. House has wood-look porcelain plank tile throughout the 1st floor and up the staircase to the 2nd floor. Ceramic tile on the second floor. Plenty of natural light throughout with plantation shutters in the family room and den. Kitchen outfitted with stainless steel appliances and hard surface countertops, including an island with mini-sink. Master bedroom on 2nd floor is over-sized with mirrors on one end and bath containing whirlpool tub and sink-vanity on opposite wall. Back yard is split by a kidney shaped pool just behind the house, with grassy area on the left and paved area on the right, perfect for cook outs and family gatherings. Carrollwood is one of Tampa's most desirable locations with direct access along Linebaugh Avenue to dining and shopping along Dale Mabry Highway to the east or West to Citrus Park Towne Center, access to the Suncoast Expressway and 5 minute drive to AMC Theater.

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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,337
Property Tax -$473
Property Insurance -$171
HOA -$68
Property Management Fees -$129
CASH FLOW
-$138

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.

$385,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.53%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$15,054

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,363

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0403$2,1954$2,3005$2,900
$2,900
RENT COMPS ANALYSIS
  • 10337 Del Mar Cir Tampa, FL 2
    • 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,328 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.88
    •  
  • 5902 Birchwood Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 1985
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 4215 Cartnal Ave Tampa, FL 3
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1980
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.99
    •  
  • 11304 Carrollwood West Pl Tampa, FL 4
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1990
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.10
    •  
  • 4305 Round Lake Ct Tampa, FL 5
    • 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 1995
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.12
    •  
PROPERTY LISTING DETAILS
Tom Bible
1.813.475.6019
Vip Executive Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828751
Last Updated: 01/29/2021
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