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10422 Rosemount Dr Tampa, FL 33624

3 Beds 3 Baths 1,415 sqft Built 1978

INVESTimate

$239,000

List Price

$1,440

$1,296 - $1,584

Rent Est.

$265,242  ( +10.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $168.90
  • 8 Days on Market
  • MLS # : T3260063
  • Updated Date : 08/21/2020 at 11:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,415 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bright Realty Group Llc

Listing Agent's Description

An amazing, renovated single family home 3 bedrooms and 2.5 bathrooms with all new: Brand New AC, Brand new vinyl floor in family room, brand new remodeled master bathroom shower and smalll bathroom tub and shower wall; The house features granite counter top and wood cabinets in kitchen, split floor plan, bright lights, newer painting, laminate floor through bedrooms, hallways and stairs; Fenced backyard is perfect for entertaining, outdoor dining, or just enjoying your private. LOW HOA, NO CDD, The community facilities include clubhouse, tennis courts, baseball, volleyball and soccer fields; swimming pools, handball courts and playgrounds. Convenient location, a few minutes to North Dale Mabry Hwy and surrounded by popular shopping, dining, entertainment and professional services including Carrabba’s, Circles, Villagio Cinemas, and The Fresh Market, and around 15 minutes to downtown Tampa

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$215,100$262,900$239,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$882
Property Tax -$294
Property Insurance -$118
HOA -$68
Property Management Fees -$80
CASH FLOW
-$2

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.

$239,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 10.98%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$19,479

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,525

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,4953$1,5504$1,5955$1,649
$1,649
RENT COMPS ANALYSIS
  • 10422 Rosemount Dr Tampa, 1
    • 3 beds 3 baths ∙ 1,415 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,415 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.02
    •  
  • 10771 Glen Ellen Dr Tampa, 2
    • 3 beds 3 baths ∙ 1,349 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,349 Sqft ∙ Built 1984
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.11
    •  
  • 11111 Bramblebrush St Tampa, 3
    • 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1993
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
  • 10301 Fernbrook Ln Tampa, 4
    • 4 beds 2 baths ∙ 1,469 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,469 Sqft ∙ Built 1978
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.09
    •  
  • 11119 Bramblebrush St Tampa, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Yuhong Wang
1.813.480.0140
Bright Realty Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260063
Last Updated: 08/21/2020
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