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12109 Barnsley Reserve Pl Gibsonton, FL 33534

3 Beds 2 Baths 1,352 sqft Built 2016

$239,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $177.44
  • 2 Days on Market
  • MLS # : T3294120
  • Updated Date : 03/06/2021 at 06:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,352 sqft
  • Baths : 2 full
Listing Agent

J & J Realty Group

Listing Agent's Description

Welcome to the friendly community of Carriage Pointe! Sitting on a premium conservation lot on a quiet, cul-de-sac street, this home features 3 bedrooms, 2 bathrooms, a spacious 2 car garage and a fenced-in backyard. You will love the open concept floorpan that makes entertaining fun! This gorgeous kitchen has dark wood cabinets, a modern tile backsplash and stainless steel appliances. All appliances are included with the house, even the washer and dryer which are located in the laundry closet right off of the kitchen. End your days by relaxing on the back porch which gives you a view of gorgeous sunsets and a charming pond. Conveniently located close to highways/interstates, schools, shopping, restaurants and more. And just when you thought that was all, this active community not only hosts peace and tranquility but also has a clubhouse with a pool, gym and playground. Call today to schedule a showing!

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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$833
Property Tax -$355
Property Insurance -$115
HOA -$8
Property Management Fees -$129
CASH FLOW
-$50

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.

$239,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.58%

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$11,342

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,518

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,3993$1,4504$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 12109 Barnsley Reserve Pl Gibsonton, FL 1
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.03
    •  
  • 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
    •  
  • 7955 Carriage Pointe Dr Gibsonton, FL 3
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 2006
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
  • 11932 Grand Kempston Dr Gibsonton, FL 4
    • 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 2017
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.21
    •  
  • 11919 Grand Kempston Dr Gibsonton, FL 5
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2017
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.22
    •  
PROPERTY LISTING DETAILS
Jacee Monsalve
1.813.321.4332
J & J Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3294120
Last Updated: 03/06/2021
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