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11233 Blacksmith Dr Tampa, FL 33626

3 Beds 2 Baths 1,939 sqft Built 2001

$415,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $214.03
  • 3 Days on Market
  • MLS # : T3296563
  • Updated Date : 03/20/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,939 sqft
  • Baths : 2 full
Listing Agent

Re/max Dynamic

Listing Agent's Description

Serene and quiet, this GATED Mandolin Reserve home offers 3br/2ba/2cg, a spacious floor plan, plenty of natural light, and shows true PRIDE OF OWNERSHIP throughout. Beautiful NEW WOOD plank tile floors & oversized tile complement the living areas while neutral carpet is showcased in the bedrooms. Notable interior features include; NEW light fixtures, recessed LEDs, tall baseboards throughout, whole house water system, a large attic with flooring for storage, and an OPEN CONCEPT kitchen/family room- perfect for entertaining! The chef of the family will love the spacious kitchen featuring NEWER STAINLESS STEEL appliances, oak cabinetry, a pantry, and a breakfast bar. The luxurious master suite offers an elegant tray ceiling, NEW UPGRADED carpet and pad, 2 large WALK-IN CLOSETS, and a private en suite bath with his & hers sinks, a tiled shower, and soaking tub. The secondary bedrooms are both spacious and include large closets. A SCREENED LANAI at the rear of the home overlooks the home's amazing OVERSIZED backyard which is completely FENCED for your PRIVACY and convenience. There is plenty of room to add a POOL and it is already pre-wired to do so! Additional features include; NEW sod and mulch in the front yard, transferable warranty with A/C, laundry room with shelving, and a large garage with lots of shelving as well as a wall unit with adjustable peg system. Westchase is one of Tampa Bay's most desirable communities with ample amenities, community events, parks, recreation, golfing, playgrounds & fabulous A-rated schools. This wonderful home will not last! Move right in! Family friendly neighborhood within minutes to world class shopping, restaurants, entertainment & a quick commute to DOWNTOWN TAMPA! Don't miss your opportunity to be a part of this wonderful community!

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MARKET HIGHLIGHTS

  • 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)
  • One of the best cost-friendly American cities to do business (KPMG)

PRICE & RENT TRENDS

Neighborhood: Westchase

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $85k425k

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

Neighborhood: Westchase

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9052672

* 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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,441
Property Tax -$510
Property Insurance -$148
HOA -$13
Property Management Fees -$129
CASH FLOW
-$42

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.

$415,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 0.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$26,741

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,206

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2004$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 11233 Blacksmith Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.13
    •  
  • 11743 Derbyshire Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 1996
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
  • 10606 Kidbrooke Ct Tampa, FL 2
    • 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 2000
    property image
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.15
    •  
  • 12004 Northumberland Dr Tampa, FL 4
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2000
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.15
    •  
  • 11614 Whiterook Ct Tampa, FL 5
    • 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2002
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.19
    •  
PROPERTY LISTING DETAILS
Andrew Duncan
1.813.501.3939
Re/max Dynamic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296563
Last Updated: 03/20/2021
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