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11212 Cypress Reserve Dr Tampa, FL 33626

3 Beds 2 Baths 1,496 sqft Built 2000

$325,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $217.25
  • 4 Days on Market
  • MLS # : U8111892
  • Updated Date : 02/05/2021 at 09:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,496 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Gulfside Rlty

Listing Agent's Description

Generously updated and meticulously maintained 3 bedroom, 2 bath Westchase home is situated in the highly sought after gated community of Sheffield. A warm and inviting foyer with recently installed ceramic plank tile greets you as you enter. The spacious floor plan features, split bedrooms, vaulted ceilings, and an updated kitchen with a large breakfast bar completely open to the dining and family area. Two guest bedrooms and a recently renovated full guest bath are located just off of the foyer. The master suite offers plenty of room, a full bath with dual sinks, solid wood cabinetry, updated lighting and finishes, separate walk in shower and garden tub, and an upgraded shelving system in the large walk in closet. Perfect for entertaining the private fenced back yard offers a large paver patio and plenty of room for Fido. Per seller recent updates include new roof 2020, ac 2019, plank ceramic tile flooring throughout, high end light fixtures, and too much more to mention. Centrally located close to shopping, restaurants, outdoor activities, a short drive from Downtown Tampa, world class beaches and area airports.

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: Westchester of Hillsborough

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $85k391k

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

Neighborhood: Westchester of Hillsborough

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9052302

* 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
Deer Park Elementary School Primary Regular 985 69 8
Farnell Middle School Middle Regular 1,356 75 9
Alonso High School High Regular 2,607 136 5

Deer Park Elementary School

  • Education Level: Primary
  • # of students: 985
  • # of teachers: 69
8
GreatSchools Rating

Farnell Middle School

  • Education Level: Middle
  • # of students: 1,356
  • # of teachers: 75
9
GreatSchools Rating

Alonso High School

  • Education Level: High
  • # of students: 2,607
  • # of teachers: 136
5
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,129
Property Tax -$400
Property Insurance -$123
HOA -$58
Property Management Fees -$129
CASH FLOW
-$18

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.

$325,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 2.5%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$22,042

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,814

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8203$1,8504$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 11212 Cypress Reserve Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.22
    •  
  • 12526 Blazing Star Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2000
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.19
    •  
  • 12015 Deacons Croft Ln Tampa, FL 3
    • 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 2001
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.25
    •  
  • 11246 Cypress Reserve Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2000
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.19
    •  
  • 14401 Pepperpine Dr Tampa, FL 5
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2000
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.22
    •  
PROPERTY LISTING DETAILS
Frank Ubaldini
1.727.409.8275
Keller Williams Gulfside Rlty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8111892
Last Updated: 02/05/2021
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