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11504 Cypress Reserve Dr Tampa, FL 33626

3 Beds 2 Baths 1,530 sqft Built 2001

$329,900

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $215.62
  • 3 Days on Market
  • MLS # : U8108563
  • Updated Date : 01/02/2021 at 20:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,530 sqft
  • Baths : 2 full
Listing Agent

Blake Real Estate Inc

Listing Agent's Description

Must-See! NEW ROOF 2020! NEW EXTERIOR PAINT 2020! Immaculately maintained and thoughtfully designed 3-bedroom, 2-bathroom home in the highly sought after GATED community of Sheffield near Westchase. The Westchester/Sheffield subdivision is one of the hottest areas in the market because of its great schools, parks, reclaimed water, natural gas and is a gated community with NO CDD fees. This spectacular home features an open-concept split floor plan with vaulted ceilings in the great room and custom finishes throughout. The open kitchen has stainless steel appliances and a breakfast area with a large glass sliding door that opens up to the paved lanai and spacious fenced backyard. The kitchen overlooks the family room which boasts a large custom-built brick feature with a wall mounted decorative fireplace and hidden electronic storage, plus, it has high-quality, low profile surround sound speakers built into the ceiling. This home is perfect for families and entertaining! The master bedroom has a sliding glass door which leads out to the screened Lanai, and an en-suite NEWLY UPGRADED master bathroom with dual sink vanity, cultured marble countertops, brand new brushed bronze fixtures and a walk-in closet. The master bath also features a garden tub, separate shower, and two windows making it bright and sunny. Sprinkler system on Reclaimed Water. Alarm system, for you to connect with company for desired service, ceiling fans, blinds, tile flooring, carpet, bamboo and engineered hardwood throughout, a natural gas community, and more. One of the two community playgrounds are within a 2 minute walk. Located near good schools and the school bus stop is right at the community front gate. Fantastic location with nearby shops, restaurants, grocery stores, coffee shops, banks, fitness centers, doctors and the library. Convenient location for enjoying all that Tampa Bay has to offer! Low HOA and NO CDD. Contact today for your private showing! This home won’t last long!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,217
Property Tax -$406
Property Insurance -$125
HOA -$58
Property Management Fees -$129
CASH FLOW
$45

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.

$329,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.60%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$34,653

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $1,756

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,7953$1,8004$1,9805$2,100
$2,100
RENT COMPS ANALYSIS
  • 11504 Cypress Reserve Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.29
    •  
  • 14522 Weeping Elm Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1999
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.17
    •  
  • 12532 Blazing Star Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1999
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 12526 Blazing Star Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 2000
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.19
    •  
  • 11246 Cypress Reserve Dr Tampa, FL 5
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2000
    property image
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.19
    •  
PROPERTY LISTING DETAILS
Katy Brock
1.727.678.5071
Blake Real Estate Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108563
Last Updated: 01/02/2021
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