Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12122 Barnsley Reserve Pl Gibsonton, FL 33534

3 Beds 2 Baths 1,305 sqft Built 2017

$214,900

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $164.67
  • 5 Days on Market
  • MLS # : T3273734
  • Updated Date : 10/31/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,305 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

NO NEED TO WAIT TO BUILD! This NEARLY NEW (2017) - MODEL LIKE HOME is Gorgeous and Meticulously Maintained! Absolutely Move In Ready with So Many UPGRADES! Located on a Quiet Cul De Sac in Carriage Pointe - Phase 2, with No Backyard Neighbors! From the moment you walk in, you'll feel So At Home! Beautiful Wood Look Tile Planks recently added in Living Room and All Bedrooms! Super Neutral and Very Easy to Keep Clean! Spacious Master Suite with Large Walk In Closet boasts Remodeled Master Bathroom with Stunning Seamless Glass Walk-In Shower adorned/Decorative Tile Inset and Huge "Rain Water" style Shower Head. Master Bath Updates also includes Granite Look Counters and Upgraded Faucets. Additional Upgrades include New Light Fixtures in Kitchen and Dining Area, Ceiling Fans in Living Room and 1 Bedroom, Gutters to entire Home Perimeter. This home is Ideal for a Starter Home or Great Place to Downsize. Conveniently Located to Plenty of Area Shopping, Dining, Banking, Schools and Close to area Freeways for Easy Commute. This Beauty will not last long! Schedule an appointment to view it in person today!

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: 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
 

$193,410$236,390$214,900

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$793
Property Tax -$335
Property Insurance -$112
HOA -$8
Property Management Fees -$80
CASH FLOW
-$9

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.

$214,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.61%

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$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$15,208

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,312

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,3753$1,3754$1,3995$1,500
$1,500
RENT COMPS ANALYSIS
  • 12122 Barnsley Reserve Pl Gibsonton, FL 1
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.01
    •  
  • 7940 Carriage Pointe Dr Gibsonton, FL 2
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2006
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.93
    •  
  • 7845 Carriage Pointe Dr Gibsonton, FL 3
    • 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,298 Sqft ∙ Built 2006
    property image
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.06
    •  
  • 8012 Lilly Bay Ct Gibsonton, FL 4
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2005
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.02
    •  
  • 7731 Carriage Pointe Dr Gibsonton, FL 5
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2006
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
PROPERTY LISTING DETAILS
Mary Adrian
1.813.951.4733
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273734
Last Updated: 10/31/2020
BESbswy