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

12615 Sandpine Reserve Pl Gibsonton, FL 33534

4 Beds 2 Baths 2,082 sqft Built 2017

$275,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $132.08
  • 3 Days on Market
  • MLS # : T3289807
  • Updated Date : 02/13/2021 at 21:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,082 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Check out this spacious move-in-ready 4 bedrooms 2 bath split floor plan home in the Gated community of Bullfrog Creek. It boasts an open kitchen with granite counters and newer appliances. Living and dining room are connected and home is sitting just shy of 2,100 sq ft.!! It has an oversized fenced in back yard for entertaining guests and ready to get customized! (Washer, dryer, and pre-rinse station negotiable with offers)

SEE MORE

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

Zip Code: 33534

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Zip Code: 33534

ZipNIR 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
Summerfield Crossings Elementary School Primary Regular 915 62 3
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Summerfield Crossings Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 62
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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$955
Property Tax -$472
Property Insurance -$159
HOA -$55
Property Management Fees -$129
CASH FLOW
$29

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.

$275,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.65%

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$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$18,707

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,805

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7253$1,7754$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 12615 Sandpine Reserve Pl Gibsonton, FL 5
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 10048 Creek Bluff Dr Riverview, FL 1
    • 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2004
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
  • 12913 Early Run Ln Riverview, FL 2
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2003
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.88
    •  
  • 10218 Hunters Haven Blvd Riverview, FL 3
    • 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 2003
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.82
    •  
  • 12605 Sandpine Reserve Pl Gibsonton, FL 4
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2016
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jose Robles
1.813.766.5946
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289807
Last Updated: 02/13/2021
BESbswy