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10902 Juniperus Pl Tampa, FL 33618

4 Beds 2 Baths 1,980 sqft Built 1971

$459,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $231.82
  • 2 Days on Market
  • MLS # : T3317602
  • Updated Date : 07/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,980 sqft
  • Baths : 2 full
Listing Agent

Smith & Associates Real Estate

Listing Agent's Description

Beautiful one story pool home located in the sought after Original Carrollwood community on a large corner lot! The inviting front porch welcomes you into the entry foyer with an adjacent large living room. The living room opens to the dining room with sliding doors out to the back patio & pool. The updated eat-in kitchen features stainless steel appliances, quartz countertops & loads of cabinet space overlooking the family room with built-ins & a wood burning fireplace. The master suite has been nicely updated that includes a walk-in closet, double vanities & a walk-in shower. The additional 3 bedrooms share a center hall bath with a shower/tub. Enjoy relaxing or entertaining in the expansive pool & backyard. The owners have done the following updates: 2nd bathroom (2017), new pool pump (2019), complete kitchen renovation including cabinets & appliances (2020), master bathroom & closet (2020), AC unit & ductwork wrapped & insulated (2021), Roof (2021). Residents enjoy the community's private parks, beach, and has community access to the 200+ acre Lake Carroll. There are no HOA fees - just a $600 CDD fee included with property taxes to gain access to the lakefront community center, private beach and boat ramp, park and dog park, tennis courts, and playground.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Carrollwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Carrollwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Carrollwood Elementary School Primary Regular 796 63 6
Adams Middle School Middle Regular 1,017 75 2
Chamberlain High School High Regular 1,772 98 4

Carrollwood Elementary School

  • Education Level: Primary
  • # of students: 796
  • # of teachers: 63
6
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,017
  • # of teachers: 75
2
GreatSchools Rating

Chamberlain High School

  • Education Level: High
  • # of students: 1,772
  • # of teachers: 98
4
GreatSchools Rating
 

$413,100$504,900$459,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,594
Property Tax -$564
Property Insurance -$151
Property Management Fees -$129
CASH FLOW
-$198

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.

$459,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$17,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,198

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1003$2,2404$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 10902 Juniperus Pl Tampa, FL 3
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.13
    •  
  • 10403 Lake Carroll Way Tampa, FL 1
    • 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1969
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
  • 3311 Lacewood Rd Tampa, FL 2
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1964
    LEASED 05/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.16
    •  
  • 11304 Carrollwood West Pl Tampa, FL 4
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1990
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.10
    •  
  • 12620 Catamaran Pl Tampa, FL 5
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1979
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.18
    •  
PROPERTY LISTING DETAILS
Mary Pond
1.813.294.8867
Smith & Associates Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3317602
Last Updated: 07/13/2021
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