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12402 Rustic View Ct Tampa, FL 33635

4 Beds 3 Baths 2,944 sqft Built 2003

$409,999

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $139.27
  • 5 Days on Market
  • MLS # : T3273563
  • Updated Date : 10/31/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,944 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Gorgeous two-story family home with no CDD fees, no flood insurance, required, and affordable HOA fees! Resting next to a peaceful conservation lot in the Country Chase community. Walk in to see a spacious living area with stunning wood flooring with plenty of room for entertaining. The neighboring kitchen features stainless steel appliances, wood cabinetry, stunning granite counter tops along with a breakfast bar and spacious closet pantry. Walk out the sliding glass doors to see your large heated saltwater pool and spa, overlooking a tranquil conservation lot, where you can routinely spot gorgeous Florida birds. Upstairs you will find four spacious bedrooms, the most impressive being the large master bedroom with 2 walk in closets, connected to the master bathroom featuring a granite counter top, a deep bathtub, and a separate shower to cool down from the day. This home has amazing curb appeal that is shown by the lush landscaping throughout, all kept healthy by a functioning sprinkler system. The Country Chase community offers amenities including a community pool, playground, and basketball court. All of this centrally located near outstanding schools, the beaches, Tampa International airport, delicious restaurants, and many more amenities.

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: Town N County Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $84k238k

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

Neighborhood: Town N County Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7661620

* 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
 

$368,999$450,999$409,999

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,513
Property Tax -$504
Property Insurance -$207
HOA -$56
Property Management Fees -$80
CASH FLOW
$271

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.

$409,999

PROJECTED PRICE

$2,630

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 9.4%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,499
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$65,342

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,937

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5953$2,6304$2,8905$3,000
$3,000
RENT COMPS ANALYSIS
  • 12402 Rustic View Ct Tampa, FL 3
    • 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.89
    •  
  • 12221 Glencliff Cir Tampa, FL 1
    • 3 beds 3 baths ∙ 2,826 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,826 Sqft ∙ Built 1994
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.87
    •  
  • 11333 Quiet Forest Dr Tampa, FL 2
    • 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2013
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.99
    •  
  • 10217 Newington Pl Tampa, FL 4
    • 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 1996
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.06
    •  
  • 8006 Whitetail Deer Way Tampa, FL 5
    • 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2014
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.07
    •  
PROPERTY LISTING DETAILS
Evan Ponssa
1.813.431.6491
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273563
Last Updated: 10/31/2020
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