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11213 E 28th Street Cir E 
Parrish, FL
34219
3 Beds 2 Baths 2,227 sqft
Built 1998
INVESTimate
$325,000
List Price
$91,875
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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $145.94
- 2 Days on Market
- MLS # : U8095612
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 2,227 sqft
- Baths : 2 full
Listing Agent
Jay Alan Real Estate
Listing Agent's Description
Beautiful maintained Florida Living with Pool & large Lanai overlooking Beautiful Lake. Immaculate, Ready-to-go, Custom-built home. Looking for a larger garage? This one is 27' deep. Open spacious kitchen with lighted soffitt, recessed lights, built-in desk, & Breakfast Bar, which seats 6-8 people comfortably! Completely renovated kitchen only a couple years ago, new cabinets, counter tops, appliances, ect, Pantry, & large Utility Room. Cozy Breakfast Nook with Aquarium window for starting your day off with a cup of coffee while enjoying the lake view. Separate LR, DR, & Family Rm with gas Fireplace + Den/Office. Master Bdrm. Suite features 2 huge Walk-in Closets & sliders opening to the lanai/pool. Master Bath has a Spa/tub for your relaxation & separate shower with safety bars. This home has a very nice, flowing floor plan. The bedrooms are split with two on one side of the home and the Master on the other side. With 3 bedrooms, plus an office, it provides space for everyone. The kitchen is loaded with cabinets and plenty of surface work space. Washer/ Dryer room right off the kitchen for easy access. New AC in the end of 2012. This is a low maintenance house! River Woods is a highly sought after neighborhood because of its mature trees, many lakefront properties, plus the Community Center, Pool and Tennis Courts. Parrish is an ideal location Close to I-75 & 275, Premium Outlet Mall, & new grocery stores, restaurants.
SEE MORE
- 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
Neighborhood: River Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: River Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$365 | |
| Property Insurance | -$173 | |
| HOA | -$67 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$56
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$325,000
PROJECTED PRICE
$1,940
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 4.62% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
6.58
YEARS SAVED
$30,490
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,132
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
11213 E 28th Street Cir E Parrish, 2
- 3 beds 2 baths ∙ 2,227 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,227 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,940
- $0.87
-
3931 Cottage Hill Ave Parrish, 1
- 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2017
LEASED 09/05/19- Rent
- Rent Per SQFT
- $1,750
- $0.92
-
2714 River Woods Dr Parrish, 3
- 3 beds 2 baths ∙ 2,274 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,274 Sqft ∙ Built 2003
LEASED 08/04/20- Rent
- Rent Per SQFT
- $2,100
- $0.92
-
2905 Wilderness Blvd W Parrish, 4
- 3 beds 3 baths ∙ 2,304 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,304 Sqft ∙ Built 1989
LEASED 10/22/19- Rent
- Rent Per SQFT
- $2,375
- $1.03
-
11326 30th Cv E Parrish, 5
- 3 beds 3 baths ∙ 2,511 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,511 Sqft ∙ Built 2001
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,400
- $0.96
PROPERTY LISTING DETAILS
1.727.415.4484
Jay Alan Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8095612
Last Updated: 08/26/2020
