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11227 Gold Compass St Gibsonton, FL 33534

3 Beds 2 Baths 1,511 sqft Built 2020

$262,345

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $173.62
  • 20 Days on Market
  • MLS # : T3281816
  • Updated Date : 01/08/2021 at 12:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,511 sqft
  • Baths : 2 full
Listing Agent

Builder Services Realty, Llc

Listing Agent's Description

The open concept layout of the kitchen and great room is great for entertaining and family activities. The great room features a sliding glass door, allowing for tons of natural light to fill the home. The secluded master suite, with a large walk-in closet, is located at the rear of the home allowing for added privacy.

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: Concerned Citizens of Gibsonton Area

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Concerned Citizens of Gibsonton Area

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391625

* 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
Gibsonton Elementary School Primary Regular 609 59 2
Dowdell Middle School Middle Magnet 620 41 1
East Bay High School High Regular 2,330 126 4

Gibsonton Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 59
2
GreatSchools Rating

Dowdell Middle School

  • Education Level: Middle
  • # of students: 620
  • # of teachers: 41
1
GreatSchools Rating

East Bay High School

  • Education Level: High
  • # of students: 2,330
  • # of teachers: 126
4
GreatSchools Rating
 

$236,111$288,580$262,345

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$911
Property Tax -$342
Property Insurance -$124
HOA -$73
Property Management Fees -$129
CASH FLOW
-$80

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$262,345

PROJECTED PRICE

$1,500

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 3.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

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$71,521

INVESTMENT

$71,521

Down Payment
$65,586
Rehab Estimate
$2,000
Closing Costs
$3,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$911

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,586
Loan Amount $196,759
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$10,320

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,590

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,4503$1,5004$1,6505$1,795
$1,795
RENT COMPS ANALYSIS
  • 11227 Gold Compass St Gibsonton, FL 3
    • 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
  • 8012 Lilly Bay Ct Gibsonton, FL 1
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2005
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.02
    •  
  • 7955 Carriage Pointe Dr Gibsonton, FL 2
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 2006
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
  • 11632 Tangle Stone Dr Gibsonton, FL 4
    • 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 2013
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 11216 Cardinal Pointe Pl Gibsonton, FL 5
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2019
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.18
    •  
PROPERTY LISTING DETAILS
Angelina Aleman
1.813.575.2279
Builder Services Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3281816
Last Updated: 01/08/2021
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