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10628 52nd Ct E Parrish, FL 34219

4 Beds 2 Baths 2,164 sqft Built 2016

INVESTimate

$309,900

List Price

$1,860

$1,674 - $2,046

Rent Est.

$329,517  ( +6.33%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $143.21
  • 6 Days on Market
  • MLS # : N6111556
  • Updated Date : 08/22/2020 at 23:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,164 sqft
  • Baths : 2 full
Listing Agent

Re/max Platinum Realty

Listing Agent's Description

Smart home with 4 bedroom 2 bath 2 car garage. Control your lights, RING doorbell and NEST camera using Alexa. Located in Harrison Ranch with amazing amenities. Active lifestyle community clubhouse with full time activity director, a fitness center, heated pool, conference room, tennis, playgrounds and miles of nature trails. Theres always something to do for the entire family. Easy commute to Sarasota or St Pete and within minutes to shopping, restaurants and highly rated schools. New carpets in all the bedrooms and interior & exterior paint. You won't be disappointed!!

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: 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
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,674$2,046$1,860

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,143
Property Tax -$370
Property Insurance -$169
HOA -$9
Property Management Fees -$80
CASH FLOW
$88

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.

$309,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.33%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$33,415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,904

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8604$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 10628 52nd Ct E Parrish, 3
    • 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.86
    •  
  • 10212 41st Ct E Parrish, 1
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2006
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
  • 5324 Lexington Dr Parrish, 2
    • 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 2005
    property image
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 5816 111th Ave E Parrish, 4
    • 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2014
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 11405 Summit Rock Ct Parrish, 5
    • 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2004
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.87
    •  
PROPERTY LISTING DETAILS
Cesar Alvarenga
1.941.232.0395
Re/max Platinum Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6111556
Last Updated: 08/22/2020
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