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12430 Hidden Brook Dr Tampa, FL 33624

3 Beds 2 Baths 1,175 sqft Built 1983

$269,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $228.94
  • 3 Days on Market
  • MLS # : T3287594
  • Updated Date : 01/30/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,175 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

LOVELY WATERFRONT HOME LOCATED IN COUNTRY RUN/HAMLET SUBDIVISION. GLASS ENTRY DOOR INVITES YOU INSIDE. OPEN FAMILY ROOM W/ CATHEDRAL CEILINGS & A COZY FIREPLACE FOR CHILLY NIGHTS OR ROMANTIC EVENINGS. INTERIOR RECENTLY PAINTED. GLASS SLIDER IN THE FAMILY ROOM GIVES EASY ACCESS TO THE RELAXING SCREENED UNDER TRUSS LANAI. THE LANAI IS ALSO ADORNED W/ BRICK PAVED FLOORING & A CEILING FAN. ENJOY THE VIEW TO YOUR VERY OWN PIECE OF HEAVEN OVERLOOKING THE SERENE POND. FULLY FENCED YARD KEEPS LITTLE ONES & PETS CLOSE BY. ENJOY PLENTY OF HOME COOKED MEALS IN THE FORMAL DINING AREA. FUNCTIONAL KITCHEN W/ BREAKFAST BAR, NEW STOVE INSTALLED. NICELY APPOINTED CABINETS & AMPLE COUNTERTOP SPACE.CONVENIENT ADJOINING MASTER BATHROOM W/ TILED SHOWER & NEUTRAL CABINETS. NO HOA'S. CONVENIENTLY LOCATED TO CITRUS PARK TOWN SHOPPING MALL, CLOSE TO MAJOR HIGHWAYS & SO MUCH MORE!!

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MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Country Run

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $81k238k

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

Neighborhood: Country Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781613

* 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
Cannella Elementary School Primary Regular 727 54 6
Pierce Middle School Middle Regular 977 66 3
Leto High School High Magnet 1,971 108 4

Cannella Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 54
6
GreatSchools Rating

Pierce Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 66
3
GreatSchools Rating

Leto High School

  • Education Level: High
  • # of students: 1,971
  • # of teachers: 108
4
GreatSchools Rating
 

$242,100$295,900$269,000

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 -$934
Property Tax -$331
Property Insurance -$104
Property Management Fees -$129
CASH FLOW
-$38

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.

$269,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 11.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$16,064

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
  • $1.24

    LIST RENT PER SQFT
  • $1,310

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4503$1,4504$1,4605$1,700
$1,700
RENT COMPS ANALYSIS
  • 12430 Hidden Brook Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.24
    •  
  • 12339 Witheridge Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1984
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.13
    •  
  • 6307 Quail Ridge Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1983
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
  • 13141 Carrollwood Creek Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 2000
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.14
    •  
  • 5128 Springwood Dr Tampa, FL 5
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1982
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.12
    •  
PROPERTY LISTING DETAILS
Yadenys Valdes
1.813.325.4351
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287594
Last Updated: 01/30/2021
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