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11106 Sand Pine Ln Parrish, FL 34219

3 Beds 2 Baths 1,766 sqft Built 2020

$345,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $195.36
  • 5 Days on Market
  • MLS # : A4493863
  • Updated Date : 03/12/2021 at 09:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,766 sqft
  • Baths : 2 full
Listing Agent

Michael Saunders & Company

Listing Agent's Description

Why wait to build? Located in amenity rich community of Silverleaf. This “Victory” floor plan built on a waterfront premium lot is wide open with 1766 square-foot of living area that offers 3 bedrooms + den, 2 baths, 2-car garage. This home features a beautiful kitchen with white 42in cabinets, quartz countertops, backsplash, slate appliances, pendant & recessed lighting and a center island. The main living area has a huge tray ceiling and beautiful grey plank tile floor all 3 bedrooms are carpeted. The master bedroom suite is spacious with a large walk-in closet. In addition, the master ensuite bathroom is lite and bright, double sinks & walk-in shower. The Great Room has sliders which open to an extended paver lanai already plumbed for an outdoor kitchen. The view is spectacular overlooking a large lake. Let’s not forget the laundry room with upgraded washer and dryer as well as built in cabinets. Silverleaf is a new & exciting Neal Community. The community includes a recreation area with a fitness center, pool and spa, a playground and pavilion with grills, basketball court, two dog parks, walking trails and a boardwalk. Well located, the community is situated near shopping, dining and entertainment destinations, and convenient to I-75.

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

Zip Code: 34219

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $120k409k

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

Zip Code: 34219

ZipNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000210022002300240025002600Rent in $11862642

* 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
Williams Elementary School Primary Regular 911 52 6
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Williams Elementary School

  • Education Level: Primary
  • # of students: 911
  • # of teachers: 52
6
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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,198
Property Tax -$352
Property Insurance -$144
HOA -$79
Property Management Fees -$129
CASH FLOW
$8

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 7% of earned rent to cover both maintenance and periods of vacancy.

$345,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 3.00%
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$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,425

INVESTMENT

$93,425

Down Payment
$86,250
Rehab Estimate
$2,000
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$22,921

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,907

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,9003$1,9004$1,9105$1,990
$1,990
RENT COMPS ANALYSIS
  • 11106 Sand Pine Ln Parrish, FL 4
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.08
    •  
  • 5629 Lexington Dr Parrish, FL 1
    • 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2005
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
  • 3848 Shimmering Oaks Dr Parrish, FL 2
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 2015
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.12
    •  
  • 4305 Magnolia Blossom Dr Parrish, FL 3
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2015
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 10937 Blue Magnolia Ln Parrish, FL 5
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 2016
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.12
    •  
PROPERTY LISTING DETAILS
Sue Cosgrove-lee
1.941.400.9068
Michael Saunders & Company
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4493863
Last Updated: 03/12/2021
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