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11112 Shadybrook Dr Tampa, FL 33625

3 Beds 2 Baths 1,401 sqft Built 1989

$280,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $199.86
  • 8 Days on Market
  • MLS # : U8107920
  • Updated Date : 12/23/2020 at 14:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,401 sqft
  • Baths : 2 full
Listing Agent

Palmerhouse Properties

Listing Agent's Description

The "Little Casita" is now ready to embrace it's next family! This two car, attached garage home, has new hardwood flooring and carpeting throughout! The entirely NEW kitchen (cabinets, countertop, and new appliance package), is awaiting family dinners to share in your lovely dining room. Embrace the light and warmth of this completely repainted 3 bedroom, 2 bathroom home built in 1989. This lovely, family friendly community is waiting for you! This home has brought love, laughter, and family together for many years and has been cared for beautifully! Enjoy your evenings on the rear screen porch too! A brand new vinyl fence completes the hand off from one family, to yours. Come, live, grow! There is NO HOA FEE! The Roof was replaced in 2015, AC in 2013, the Water Heater in 2008.

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: 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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,033
Property Tax -$344
Property Insurance -$117
Property Management Fees -$129
CASH FLOW
-$93

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.

$280,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$16,419

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,527

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4753$1,5304$1,5505$1,700
$1,700
RENT COMPS ANALYSIS
  • 11112 Shadybrook Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.09
    •  
  • 12339 Witheridge Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1984
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.13
    •  
  • 12352 Witheridge Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1985
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.00
    •  
  • 6707 Spanish Moss Cir Tampa, FL 4
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1984
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.11
    •  
  • 5128 Springwood Dr Tampa, FL 5
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1982
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.12
    •  
PROPERTY LISTING DETAILS
Diana Fryman
1.727.418.2353
Palmerhouse Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8107920
Last Updated: 12/23/2020
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