Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10503 Grayslake Ct Tampa, FL 33626

4 Beds 3 Baths 2,332 sqft Built 2000

$324,900

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $139.32
  • 5 Days on Market
  • MLS # : T3284602
  • Updated Date : 01/15/2021 at 09:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,332 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Acr Elite Group, Inc.

Listing Agent's Description

Upgraded 4BR/2.5BA/with Flex Rm. & Pond Views in GATED Enclave of Westchase! Enjoy this private corner property overlooking beautiful conservation and pond views outside your private patio and off your kitchen! Relax w/ the peace of mind of a Newer ROOF (17'), A/C (18'), & newer water heater. This private cul-de-sac & 2 car garage will allow for plenty of storage including a ceiling garage rack. Your first floor is has tile flooring, private laundry rm. w/ cabinets, has an open floor plan to entertain family & friends, & will impress with a large living area! You'll appreciate the open kitchen w/ large island, plenty of space for dinners, & stainless steel appliances w/ granite in the kitchen! The patio right off the kitchen has wonderful shade and tranquil views! Upstairs, enjoy all bedrooms w/ the master BR split design. Enjoy the renovated master shower, dual sinks, walk-in closet, & large room perfect for all furniture! Your BR's 2-4 all have newer fans & light kits, laminate flooring, & ample size. There are many uses for the bonus/flex area on the 2nd floor and it can be utilized as an addl. office or play room. The Enclave community & HOA fees include lawn care, water/sewer and trash (more time to relax)! Walk directly over to the Swim & Tennis Center next to community, stroll to the trail around the pond, & enjoy the Westchase community consisting of multiple parks, year-round pool activities, courts, pools, walking trails, golf, shopping & dining areas (Avenues & West Park), & much more! Easy access to the Veterans Expressway, TIA, Upper Tampa Bay, Oldsmar, the Beaches, Downtown, Midtown & more! Easy access to show - come see this wonderful 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: Westchase Golf Course

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $85k481k

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

Neighborhood: Westchase Golf Course

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9052692

* 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
Lowry Elementary School Primary Regular 834 66 6
Davidsen Middle School Middle Regular 959 54 5
Alonso High School High Regular 2,607 136 5

Lowry Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 66
6
GreatSchools Rating

Davidsen Middle School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 54
5
GreatSchools Rating

Alonso High School

  • Education Level: High
  • # of students: 2,607
  • # of teachers: 136
5
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,129
Property Tax -$417
Property Insurance -$171
HOA -$24
Property Management Fees -$129
CASH FLOW
$750

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$324,900

PROJECTED PRICE

$2,620

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.57%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

16

YEARS SAVED

$85,844

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,629

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,6204$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 10503 Grayslake Ct Tampa, FL 3
    • 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.12
    •  
  • 11743 Derbyshire Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1996
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
  • 11613 Highbury Way Tampa, FL 2
    • 3 beds 3 baths ∙ 2,157 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,157 Sqft ∙ Built 2002
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.04
    •  
  • 9521 Greenpointe Dr Tampa, FL 4
    • 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2000
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.21
    •  
  • 11813 Lancashire Dr Tampa, FL 5
    • 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 1996
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.20
    •  
PROPERTY LISTING DETAILS
Charlie Bodine
1.813.220.0237
Re/max Acr Elite Group, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284602
Last Updated: 01/15/2021
BESbswy