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12304 Langshaw Dr Thonotosassa, FL 33592

3 Beds 3 Baths 2,372 sqft Built 1988

$369,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $155.94
  • 5 Days on Market
  • MLS # : T3273568
  • Updated Date : 10/31/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,372 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Executive Team

Listing Agent's Description

CLEAN 3/2.5/2 w/DEN POOL HOME ON HALF ACRE LOT! Need to stretch-out and not feel so confined? This is the home for you! This single story ranch style home with SPLIT FLOOR PLAN has it all...Newer ROOF (2018), Screened HEATED POOL W/SPA and designated covered area for outdoor kitchen, All LAMINATE HARDWOOD and ceramic TILE flooring-no carpet, FRESHLY PAINTED WALLS in soft neutral GRAY, DEN with BUILT IN BOOK SHELVES and FRENCH DOORS, CROWN MOLDING, Inside LAUNDRY ROOM, Oversized 2 CAR GARAGE and FIREPLACE! The BACK YARD is FENCED and the property adjoins a preservation lot which will never be developed. Keep an eye out for an occasional wildlife sighting...turkey, deer and hogs will pass by. The EXTERIOR was recently PAINTED and the SEPTIC SYSTEM was upgraded 2 years ago with a NEW DRAIN FIELD! Nearby top rated parks-great for hiking, biking and canoeing, as well as only minutes away from I-75.

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: Greater Thonotosassa

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k358k

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

Neighborhood: Greater Thonotosassa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781651

* 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
Thonotosassa Elementary School Primary Regular 374 34 2
Jennings Middle School Middle Regular 770 58 2
Armwood High School High Regular 1,809 104 3

Thonotosassa Elementary School

  • Education Level: Primary
  • # of students: 374
  • # of teachers: 34
2
GreatSchools Rating

Jennings Middle School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 58
2
GreatSchools Rating

Armwood High School

  • Education Level: High
  • # of students: 1,809
  • # of teachers: 104
3
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,365
Property Tax -$479
Property Insurance -$174
Property Management Fees -$80
CASH FLOW
-$48

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.

$369,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$26,062

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,230

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,250
$2,250
RENT COMPS ANALYSIS
  • 12304 Langshaw Dr Thonotosassa, FL 1
    • 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.86
    •  
  • 12310 Knight Pl Thonotosassa, FL 2
    • 4 beds 2 baths ∙ 2,395 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,395 Sqft ∙ Built 1994
    LEASED 05/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.94
    •  
PROPERTY LISTING DETAILS
Wade Cleary
1.813.765.5085
Century 21 Executive Team
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273568
Last Updated: 10/31/2020
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