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11127 Indian Oaks Dr Tampa, FL 33625

4 Beds 2 Baths 2,044 sqft Built 1995

$345,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $168.79
  • 2 Days on Market
  • MLS # : T3278984
  • Updated Date : 12/05/2020 at 14:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,044 sqft
  • Baths : 2 full
Listing Agent

Town Chase Properties

Listing Agent's Description

This 4 Bedroom, 2 Bath, gorgeous home will capture your heart. Why? There is an amazing conservation lot so you will have No Back Yard Neighbors. There is a sparkling pool to relax and a screened in Lanai to entertain your guest. There is an enormous great room providing lots of space and natural light with a built in shelving unit. New flooring throughout the bedrooms and bathrooms. Closets are abundant and walk in closet in master will hold lots of shoes and clothes. It is unique to find a house with such a nice lay out with so much storage area, four bedrooms, and on a conservation lot. New Roof 2018. In addition, home is conveniently located near shopping, parks, and it’s not far from our spectacular Florida beaches. Come see your new home - centrally located but tucked away in a small charming neighborhood.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Indian Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Indian Oaks

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
Bellamy Elementary School Primary Regular 706 62 5
Smith Middle School Middle Regular 854 53 6
Sickles High School High Regular 2,135 110 7

Bellamy Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 62
5
GreatSchools Rating

Smith Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 53
6
GreatSchools Rating

Sickles High School

  • Education Level: High
  • # of students: 2,135
  • # of teachers: 110
7
GreatSchools Rating
 

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

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,273
Property Tax -$424
Property Insurance -$154
HOA -$28
Property Management Fees -$129
CASH FLOW
$92

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.

$345,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.7%
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$20k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$41,338

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,075

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0003$2,1004$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 11127 Indian Oaks Dr Tampa, FL 3
    • 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 7320 Brightwater Oaks Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2003
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 7304 Brightwater Oaks Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2003
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
  • 11212 Avery Oaks Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2003
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
  • 7313 Brightwater Oaks Dr Tampa, FL 5
    • 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 2003
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
PROPERTY LISTING DETAILS
Linda Ruffini
1.813.767.4659
Town Chase Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278984
Last Updated: 12/05/2020
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