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10419 Goldenbrook Way Tampa, FL 33647

3 Beds 2 Baths 1,341 sqft Built 1999

$250,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $186.43
  • 2 Days on Market
  • MLS # : T3289088
  • Updated Date : 02/07/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,341 sqft
  • Baths : 2 full
Listing Agent

Xpress Property Resource,inc

Listing Agent's Description

Welcome to highly sought after Meadow Creek Subdivision in New Tampa. This home offers an open floorplan with sliding glass doors to the serene screened in back patio overlooking many fruit trees, including an avocado tree, mango tree, lemon tree, sweet peppers and even pineapples! Once inside the split bedroom plan has plenty of room for the whole family. Two separate updated bathrooms along with an open living room and separate dining area. Tile flooring and laminate flooring in the bedrooms, no carpet in this home. Master bedroom has sliding glass doors that open to the fully fenced backyard. Also included in the master is a large walk in closet. The kitchen boast a gas stove for meals cooked to perfection! Air Conditioner & Roof only 3 years old! NO CDD and low HOA makes this a great family community which includes a playground, tennis court. Close distance to "A" rated schools. Only minutes from I-75, USF, Wiregrass shopping mall, shopping outlets, dining, and more. Come check out this affordable home before its too late.

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$868
Property Tax -$307
Property Insurance -$114
HOA -$53
Property Management Fees -$129
CASH FLOW
-$82

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.

$250,000

PROJECTED PRICE

$1,390

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$11,326

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,381

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,4503$1,5004$1,5455$1,550
$1,550
RENT COMPS ANALYSIS
  • 10419 Goldenbrook Way Tampa, FL 1
    • 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.04
    •  
  • 18241 Portside St Tampa, FL 2
    • 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 2004
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 18129 Lembrecht Way Tampa, FL 3
    • 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2002
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
  • 18009 Birdwater Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 2002
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.03
    •  
  • 18104 Canal Pointe St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2000
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
PROPERTY LISTING DETAILS
Mary Singleton
1.813.548.2693
Xpress Property Resource,inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289088
Last Updated: 02/07/2021
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