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10522 52nd Ct E Parrish, FL 34219

3 Beds 2 Baths 2,164 sqft Built 2016

$329,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $152.03
  • 3 Days on Market
  • MLS # : A4484302
  • Updated Date : 11/20/2020 at 13:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,164 sqft
  • Baths : 2 full
Listing Agent

Fine Properties

Listing Agent's Description

Beautiful Home, spacious yet comfy and cozy. Ready for Immediate Occupancy. Enjoy the split floor plan it offers plus plenty of storage from custom built closets and a pantry. Backyard is so incredible you could entertain on a regular basis. This low maintenance home provides a resort life style. With its convenient clubhouse, Harrison Ranch’s HOA also have wonderful amenities that include 24 hour fitness center, heated resort style junior Olympic sized pool, tennis courts, library, business center/game room, soccer fields, playgrounds, nature trails, community picnic tables and grills and on site management! Easy access to I-75 and close to downtown Bradenton and downtown Lakewood Ranch and Sarasota are just minutes away! Perfect home just for you! And only $110 a Year HOA!!!

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: Harrison Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $107k409k

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

Neighborhood: Harrison Ranch

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001400160018002000220024002600Rent in $11422642

* 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
Blackburn Elementary School Primary Regular 463 33 2
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Blackburn Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 33
2
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,214
Property Tax -$420
Property Insurance -$169
HOA -$9
Property Management Fees -$80
CASH FLOW
-$62

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$329,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$18,796

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,872

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,8003$1,8304$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 10522 52nd Ct E Parrish, FL 3
    • 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.85
    •  
  • 5525 106th Ave E Parrish, FL 1
    • 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2012
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.88
    •  
  • 5324 Lexington Dr Parrish, FL 2
    • 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 2005
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 11405 Summit Rock Ct Parrish, FL 4
    • 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2004
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.82
    •  
  • 5816 111th Ave E Parrish, FL 5
    • 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2014
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
PROPERTY LISTING DETAILS
Beverly Perez
1.941.323.4600
Fine Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4484302
Last Updated: 11/20/2020
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