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12044 Stone Crossing Cir Tampa, FL 33635

3 Beds 2 Baths 1,836 sqft Built 1987

$375,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $204.25
  • 3 Days on Market
  • MLS # : T3289025
  • Updated Date : 02/06/2021 at 18:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,836 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Countryway Sub Division Single Story Pool House...As you enter the home it is light and bright with volume ceilings and skylights in Living Room 3 bedroom 2 bath 2 car garage....Remodeled inside new water proof laminate ,New Carpet in Bedrooms .Painted throughout The Gourmet Kitchen has an Island that overlooks the family room that includes stainless steel appliances. ....Screen enclosed pool.also safety fence for pool in garage..2 sliding doors one from living room and one from the master bedroom go out to the pool area..... Great privacy in your pool no rear neighbors oversized fenced in lot...The neighbors are very welcoming in the area there is plenty of places to walk and golf facilities and recreation areas ..Close to downtown and the airport makes this area the place to live and raise a family...

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: Fountain Lake at Countryway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Fountain Lake at Countryway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Lowry Elementary School Primary Regular 834 66 6
Farnell Middle School Middle Regular 1,356 75 9
Alonso High School High Regular 2,607 136 5

Lowry Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 66
6
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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,303
Property Tax -$461
Property Insurance -$142
HOA -$30
Property Management Fees -$129
CASH FLOW
-$175

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.

$375,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$13,017

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,015

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,7504$1,8255$1,890
$1,890
RENT COMPS ANALYSIS
  • 12044 Stone Crossing Cir Tampa, FL 5
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.03
    •  
  • 8609 Boysenberry Dr Tampa, FL 1
    • 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1987
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
  • 11513 Whispering Hollow Dr Tampa, FL 2
    • 4 beds 2 baths ∙ 1,607 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,607 Sqft ∙ Built 1992
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
  • 8610 Tidal Bay Ln Tampa, FL 3
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2002
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.13
    •  
  • 11815 Sweetpea Ct Tampa, FL 4
    • 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 1988
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.13
    •  
PROPERTY LISTING DETAILS
Frank Gomez
1.813.695.1247
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289025
Last Updated: 02/06/2021
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