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10922 Ancient Futures Dr Tampa, FL 33647

3 Beds 2 Baths 1,823 sqft Built 2008

$270,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $148.11
  • 2 Days on Market
  • MLS # : T3289024
  • Updated Date : 02/06/2021 at 12:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,823 sqft
  • Baths : 2 full
Listing Agent

Lombardo Team Real Estate Llc

Listing Agent's Description

Welcome home! Beautiful single family home located in the desirable Easton Park Community in New Tampa. The home's charm begins with lush landscaping and curb appeal. The foyer showcases the newer laminate wood floors which stretch through the dining room, and family room. Remaining common areas are tiled, creating low maintenance and up-keep. Through to the kitchen, the endless natural light and combination room concept create a great living and entertaining space. The gourmet kitchen has beautiful 42" cherry wood cabinets and stainless steel appliances, complete with a closet pantry for ample storage. The master bedroom and en suite create a relaxing private area, complete with shower stall and separate garden tub. Very large back yard with pond and conservation view. This home is a must see! Make your appointment 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: New Tampa

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $85k380k

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

Neighborhood: New Tampa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052057

* 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
Heritage Elementary School Primary Regular 657 51 4
Benito Middle School Middle Regular 1,053 63 7
Wharton High School High Regular 2,261 128 4

Heritage Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 51
4
GreatSchools Rating

Benito Middle School

  • Education Level: Middle
  • # of students: 1,053
  • # of teachers: 63
7
GreatSchools Rating

Wharton High School

  • Education Level: High
  • # of students: 2,261
  • # of teachers: 128
4
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$938
Property Tax -$482
Property Insurance -$142
HOA -$131
Property Management Fees -$129
CASH FLOW
-$122

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.

$270,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,167

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,832

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8003$1,9504$2,0455$2,150
$2,150
RENT COMPS ANALYSIS
  • 10922 Ancient Futures Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 20211 Natures Spirit Dr Tampa, FL 2
    • 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2010
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 10738 Pictorial Park Dr Tampa, FL 3
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2010
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.02
    •  
  • 1212 Montgomery Bell Rd Wesley Chapel, FL 4
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2018
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.99
    •  
  • 20101 Natures Hike Way Tampa, FL 5
    • 4 beds 2 baths ∙ 2,116 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,116 Sqft ∙ Built 2007
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.02
    •  
PROPERTY LISTING DETAILS
Devan Ashline
1.813.803.2592
Lombardo Team Real Estate Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289024
Last Updated: 02/06/2021
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