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11825 Easthampton Dr Tampa, FL 33626

3 Beds 2 Baths 1,639 sqft Built 1997

$380,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $231.85
  • 5 Days on Market
  • MLS # : T3276756
  • Updated Date : 11/19/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,639 sqft
  • Baths : 2 full
Listing Agent

Florida Capital Realty

Listing Agent's Description

This well-appointed 3-bedroom, 2-car garage home with a pool is located in the award-winning community of Westchase in the neighborhood of the Shires. Meticulously maintained with thousands of dollars in recent upgrades! Gorgeous granite countertops throughout the home. Roof replaced in 2019 along with a brand-new Air-conditioning system in March of 2020! Samsung dishwasher, Microwave, and stove all new in 2020. This home is currently occupied but owners are happy to arrange quick showings and while you're there please make time to drive through this wonderful community and all it has to offer. 2 heated pools, 3 parks including a splash park, pavilions, ping pong tables + outdoor fitness equipment, tennis courts, soccer fields + basketball courts. Enjoy numerous family festivities including movies in the park, First Fridays + the Santa parade. Westchase was designed by an award-winning developer to be "walkable" with trails and bridges overlooking lakes and preserves. Enjoy walks through downtown Westchase known as West Park Village w/ lantern lighted streets, fountains, dining w/ outside seating + pet friendly, coffee shops, craft cocktail lounge + numerous sports bars/grills. Also enjoy the court yard bells on the hour every daytime hour. Westchase is located only 15 mins from the Tampa International airport and 30 mins from the award-winning beaches. Great Schools!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Westchase Elementary School Primary Regular 904 68 8
Davidsen Middle School Middle Regular 959 54 5
Alonso High School High Regular 2,607 136 5

Westchase Elementary School

  • Education Level: Primary
  • # of students: 904
  • # of teachers: 68
8
GreatSchools Rating

Davidsen Middle School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 54
5
GreatSchools Rating

Alonso High School

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

$342,000$418,000$380,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,402
Property Tax -$477
Property Insurance -$131
HOA -$23
Property Management Fees -$80
CASH FLOW
-$162

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.

$380,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$17,605

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,959

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$2,1504$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 11825 Easthampton Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.19
    •  
  • 12015 Deacons Croft Ln Tampa, FL 1
    • 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
    •  
  • 10602 Drayton Ct Tampa, FL 3
    • 3 beds 3 baths ∙ 1,818 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,818 Sqft ∙ Built 2000
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.18
    •  
  • 10601 Kidbrooke Ct Tampa, FL 4
    • 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2000
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.16
    •  
  • 11614 Whiterook Ct Tampa, FL 5
    • 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2002
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.19
    •  
PROPERTY LISTING DETAILS
Allyson Massengill
1.617.913.4344
Florida Capital Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276756
Last Updated: 11/19/2020
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