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11916 Grand Kempston Dr Gibsonton, FL 33534

3 Beds 3 Baths 1,774 sqft Built 2017

$245,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $138.11
  • 3 Days on Market
  • MLS # : T3295407
  • Updated Date : 03/13/2021 at 13:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,774 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Nestled in a low traffic Cul-de-sac, you will come Home to this beautiful 3 bedroom, 2 ½ bathroom two story, two car garage, open concept Ryan home built in 2017. The home backs-up to a wooded conservation area, so you would have no rear neighbors. As you walk into the foyer and look to your left, you quickly notice the alluring Kitchen with a walk-in Pantry and an oversized sit at island. On the far side of the Kitchen is the half-bathroom that features a pendulum sink and oval mirror. Continue to move into the family room and your attention is drawn to the gorgeous Porcelain wood gained style Tile flooring that is laid all the way to the base of the stairway. Moving up the stairs, you are immediately drawn to the windowed Loft that would be perfect for a home office. The 2nd floor also boasts a laundry closet, a large master bedroom with walk-in closet, two additional bedrooms and two full bathrooms. The Carriage Point Community provides plenty of sidewalks, a resort style pool, playground, basketball and tennis courts and a clubhouse. An easy commute to I75, I4, the Crosstown Expressway and all Florida’s Amazing Beaches.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

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
Corr Elementary School Primary Regular 747 61 3
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Corr Elementary School

  • Education Level: Primary
  • # of students: 747
  • # of teachers: 61
3
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 86
4
GreatSchools Rating

East Bay High School

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

$220,500$269,500$245,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$851
Property Tax -$395
Property Insurance -$139
HOA -$8
Property Management Fees -$129
CASH FLOW
$67

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.

$245,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.65%

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) 8.00%
Vacancy 5.25%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$21,266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,605

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6003$1,6954$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 11916 Grand Kempston Dr Gibsonton, FL 1
    • 3 beds 3 baths ∙ 1,774 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,774 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.90
    •  
  • 8206 Bilston Village Ln Gibsonton, FL 2
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2018
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 7724 Tangle Rush Dr Gibsonton, FL 3
    • 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 2014
    property image
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 7717 Tangle Rush Dr Gibsonton, FL 4
    • 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 2015
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 8113 Bilston Village Ln Gibsonton, FL 5
    • 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 2018
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
PROPERTY LISTING DETAILS
Michael Parks
1.813.205.8112
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295407
Last Updated: 03/13/2021
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