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12053 Grand Kempston Dr Gibsonton, FL 33534

3 Beds 2 Baths 1,494 sqft Built 2016

$216,500

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $144.91
  • 3 Days on Market
  • MLS # : T3277329
  • Updated Date : 11/21/2020 at 15:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,494 sqft
  • Baths : 2 full
Listing Agent

Tampas Best Realty Llc

Listing Agent's Description

Contemporary 3 Bedroom, 2 Bath Home with a 2 Car Garage in Carraige Pointe built in 2016! The community provides luxury amenities including a resort style pool, playground, park, tennis and basketball courts. With easy access to I-75, I-4, and the Crosstown Expressway; it’s a nice commute to anywhere in Tampa, MacDill, or any of Florida’s amazing beaches. This Jasmine Cove floor plan by Ryan Homes features an open and inviting floor plan with vaulted ceilings and tile floors in the main living areas and carpet in the bedrooms. The kitchen includes gorgeous maple cabinetry, tons of counter space, a walk-in pantry, and a beautiful island and breakfast bar for additional eating space in the kitchen. The living room is very large with sliding glass doors leading out to the covered lanai in the backyard. The master bedroom includes high ceilings, walk-in closets, and an attached en-suite bathroom with a double vanity and stand-up shower. The second and third bedrooms are on the other side of the home, making the ideal split floor plan. Only a short distance from the Manatee Viewing Center, Apollo Beach Nature Park and Beach, St. Joseph's Hospital South and Westfield Brandon Mall with tons of shopping, restaurants and entertainment. Call TODAY to schedule a showing before it’s gone!

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: 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
 

$194,850$238,150$216,500

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$799
Property Tax -$451
Property Insurance -$123
HOA -$8
Property Management Fees -$80
CASH FLOW
-$1

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.

$216,500

PROJECTED PRICE

$1,460

PROJECTED RENT

0.67%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,123

INVESTMENT

$63,123

Down Payment
$54,125
Rehab Estimate
$5,750
Closing Costs
$3,248

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,125
Loan Amount $162,375
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$14,674

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,460

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3993$1,4604$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 12053 Grand Kempston Dr Gibsonton, FL 3
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.98
    •  
  • 7940 Carriage Pointe Dr Gibsonton, FL 1
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2006
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.93
    •  
  • 8012 Lilly Bay Ct Gibsonton, FL 2
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.02
    •  
  • 7731 Carriage Pointe Dr Gibsonton, FL 4
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2006
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
  • 8206 Bilston Village Ln Gibsonton, FL 5
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2018
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jason Canaan
1.813.392.3329
Tampas Best Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277329
Last Updated: 11/21/2020
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