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10913 Archdale Ct Tampa, FL 33624

4 Beds 3 Baths 2,233 sqft Built 2005

$365,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $163.46
  • 3 Days on Market
  • MLS # : T3292387
  • Updated Date : 02/27/2021 at 13:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,233 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Florida, Llc

Listing Agent's Description

Look no further...this is the one. This absolutely gorgeous 4 bedroom, 2.5 bathroom home is located on a cul-de-sac within the beautiful neighborhood of Andover. Arriving at this newly painted home, you are greeted with beautiful landscaping and a large driveway to the 2-car garage. Entering the home you will be amazed by the high ceilings and all of the natural light pouring through the windows. To the left of the front door is a large space, currently being used for the dining but could easily accommodate dining and formal living. Behind the dining is the large kitchen with granite countertops and newer stainless steel appliances. Just off of the kitchen is a breakfast nook overlooking the oversized backyard. The kitchen is also open to the large family room which is ideal for entertaining. The hallway off the family room will lead you to a powder bathroom, laundry room and entry door to the garage. The master bedroom is conveniently located on the first floor and offers bamboo wood floors and 2 huge closets. The master bathroom has both a garden tub and a separate shower stall, as well as a double sink vanity. Back into the family room, sliders will open up and lead you to the amazing covered pavered patio. The covered patio is huge and can accommodate all sorts of patio furniture. Back in the house, bamboo wood floors continue up the stairs and lead you to your loft space which overlooks the first floor. Off of the loft space are 3 additional bedrooms and full bathroom. This homes offers 2 newer AC units as well as an entire solar panel system that was recently added. Even with just over 2,200sqft, your electric bill will be minimal, so bring your electric vehicles. Cross the street from this home is a tranquil pond with areas to sit and relax. This is a special home that was well cared for...you don’t want to miss out.

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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
Cannella Elementary School Primary Regular 727 54 6
Pierce Middle School Middle Regular 977 66 3
Leto High School High Magnet 1,971 108 4

Cannella Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 54
6
GreatSchools Rating

Pierce Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 66
3
GreatSchools Rating

Leto High School

  • Education Level: High
  • # of students: 1,971
  • # of teachers: 108
4
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,268
Property Tax -$449
Property Insurance -$165
HOA -$35
Property Management Fees -$129
CASH FLOW
-$96

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.

$365,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$18,092

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,004

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8953$1,9504$2,0255$2,250
$2,250
RENT COMPS ANALYSIS
  • 10913 Archdale Ct Tampa, FL 3
    • 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
  • 5902 Birchwood Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 1985
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 10921 Arbor Ridge Dr Tampa, FL 2
    • 4 beds 2 baths ∙ 2,207 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,207 Sqft ∙ Built 1998
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
  • 11112 Elmfield Dr Tampa, FL 4
    • 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 1988
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.89
    •  
  • 12807 Lake Ventana Dr Tampa, FL 5
    • 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1996
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.99
    •  
PROPERTY LISTING DETAILS
Michael Florio
1.813.956.6356
Compass Florida, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292387
Last Updated: 02/27/2021
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