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11829 Easthampton Dr Tampa, FL 33626

3 Beds 2 Baths 1,759 sqft Built 1996

$420,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $238.77
  • 2 Days on Market
  • MLS # : O5915382
  • Updated Date : 01/09/2021 at 16:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,759 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage Llc

Listing Agent's Description

This Tampa one-story home offers granite countertops, and a two-car garage. This home is vacant and cleaned regularly.

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: 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
 

$378,000$462,000$420,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,459
Property Tax -$516
Property Insurance -$138
HOA -$24
Property Management Fees -$129
CASH FLOW
-$6

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.

$420,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.54%

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$30,470

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $2,018

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1953$2,2004$2,2005$2,260
$2,260
RENT COMPS ANALYSIS
  • 11829 Easthampton Dr Tampa, FL 5
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.28
    •  
  • 10601 Kidbrooke Ct Tampa, FL 1
    • 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2000
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.10
    •  
  • 11803 Easthampton Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1995
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.19
    •  
  • 10602 Ashtead Wood Ct Tampa, FL 3
    • 3 beds 3 baths ∙ 1,913 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,913 Sqft ∙ Built 1999
    property image
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.15
    •  
  • 10606 Kidbrooke Ct Tampa, FL 4
    • 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 2000
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.15
    •  
PROPERTY LISTING DETAILS
Alli Johnston
1.407.634.1744
Opendoor Brokerage Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915382
Last Updated: 01/09/2021
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