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12016 54th Gln E Parrish, FL 34219

4 Beds 3 Baths 2,365 sqft Built 2008

INVESTimate

$279,000

List Price

$1,940

$1,746 - $2,134

Rent Est.

$297,302  ( +6.56%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $117.97
  • 7 Days on Market
  • MLS # : A4475743
  • Updated Date : 08/20/2020 at 20:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,365 sqft
  • Baths : 3 full
Listing Agent

Keller Williams On The Water

Listing Agent's Description

This beautiful 4 bedroom 3 bathroom residence is one of the largest models and best values in the highly desirable community of Lakeside Preserve. A large open court yard welcomes your approach as you enter through the double entry glass doors. Once inside, your attention will be drawn to a view of the wonderful green expanse of one of the largest lots in the entire neighborhood. The light and open floor plan with volume ceilings is ideal for a growing family or for entertaining friends. The floor plan offers a combined formal living and dining room area with gorgeous wood laminate floors and a slider that opens to the lanai. The large kitchen features wood cabinets, granite counters with stainless appliances and an island with bar seating. It overlooks an open family room with sliders that lead to a covered rear porch. The split bedroom floor plan is great for additional privacy when needed with guests or family members. The large master suite will impress with direct access to the lanai, his and her walk-in closets, a drop-in garden tub and a walk-in shower. Lakeside Preserve offers a playground, a sport court, a gazebo park, low HOA fees, no CDD fees and is conveniently located to I-75 for easy access to St Pete, Tampa, Sarasota and Lakewood Ranch. Start living the wonderful Florida lifestyle that awaits you!

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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: Lakeside Preserve

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $112k409k

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

Neighborhood: Lakeside Preserve

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001400160018002000220024002600Rent in $11302642

* 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
Williams Elementary School Primary Regular 911 52 6
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Williams Elementary School

  • Education Level: Primary
  • # of students: 911
  • # of teachers: 52
6
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,029
Property Tax -$331
Property Insurance -$181
HOA -$96
Property Management Fees -$80
CASH FLOW
$223

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$279,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.56%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$45,308

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,868

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6003$1,8004$1,8005$1,940
$1,940
RENT COMPS ANALYSIS
  • 12016 54th Gln E Parrish, 5
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.82
    •  
  • 12104 Warwick Cir Parrish, 1
    • 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 2002
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.72
    •  
  • 11569 E 57th Street Cir Parrish, 2
    • 3 beds 2 baths ∙ 2,297 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,297 Sqft ∙ Built 2005
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
  • 12160 Warwick Cir Parrish, 3
    • 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 2002
    property image
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 4419 Forest Creek Trl Parrish, 4
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2008
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
PROPERTY LISTING DETAILS
Mark Coon
1.941.685.6895
Keller Williams On The Water
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4475743
Last Updated: 08/20/2020
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