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10451 Old Tampa Bay Dr San Antonio, FL 33576

3 Beds 2 Baths 1,749 sqft Built 2004

$295,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $168.67
  • 3 Days on Market
  • MLS # : U8105295
  • Updated Date : 11/21/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,749 sqft
  • Baths : 2 full
Listing Agent

Toolbox Sisters Realty Llc

Listing Agent's Description

Gorgeous Golf Course and Water Views of Hole 10 at Tampa Bay Golf & CC. This Move-In Ready Home features Plantation Shutters on all windows and Wood Plank Tile in all the common areas. The split bedroom floorplan features a Formal Living/Dining Room area and a separate Family Room off the Open Kitchen. The Screened Lanai is extended making it the perfect place to entertain outdoors and view Gorgeous Sunsets. Master bedroom has access to the large Lanai and features a Garden Tub, separate Walk-In Shower, Two Large Closets, and Split Dual Sinks. Kitchen has Stainless Steel Appliances, Corian Counters, and 42" Upper Cabinets. Covered Screened Front Porch. Home is located in the gated 55+ community of Tampa Bay Golf and Country Club. The community is owned by the residents and features an 18 hole Championship golf course and a 9 hole executive golf course. The main clubhouse features an onsite restaurant and pub which is convenient if you want to have lunch or dinner without leaving the community. Community features tennis courts, pickleball courts, shuffleboard, corn hole, horse shoes, bocce, 2 swimming pools one which is heated along with a hot tub.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Tampa Bay Golf and Tennis Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k242k

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

Neighborhood: Tampa Bay Golf and Tennis Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8731590

* 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
Quail Hollow Elementary School Primary Regular NA
Cypress Creek Middle High School Middle Regular NA
Cypress Creek Middle High School High Regular NA

Quail Hollow Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,088
Property Tax -$315
Property Insurance -$138
HOA -$84
Property Management Fees -$80
CASH FLOW
-$75

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.

$295,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 9.4%
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-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$17,212

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,720

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6303$1,6504$2,200
$2,200
RENT COMPS ANALYSIS
  • 10451 Old Tampa Bay Dr San Antonio, FL 2
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.93
    •  
  • 9936 Cleghorn Dr San Antonio, FL 1
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2006
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 10222 Moshie Ln San Antonio, FL 3
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1998
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 30240 Hedgeway Ln Wesley Chapel, FL 4
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2002
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.12
    •  
PROPERTY LISTING DETAILS
Allison Vaughn
1.813.563.7915
Toolbox Sisters Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8105295
Last Updated: 11/21/2020
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