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12618 Eastpointe Dr Dade City, FL 33525

4 Beds 2 Baths 2,057 sqft Built 2020

$305,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $148.27
  • 3 Days on Market
  • MLS # : T3296709
  • Updated Date : 03/20/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,057 sqft
  • Baths : 2 full
Listing Agent

Signature Realty Associates

Listing Agent's Description

Beautiful home built in 2020. Only 76 homes in this community with access to Lake Jovita and all it's amenities! This house boasts an open floor plan with master bedroom separate from the other bedrooms. Walk into to the large foyer and you are greeted with a spacious kitchen, living and dining area with sliding glass doors leading to the covered porch! Great for entertainment! The kitchen has granite countertops, built-in dishwasher, and stainless steel fridge! Seller is including the washer and dryer so you can move right in! Call to view this home today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 33525

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $55k260k

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

Zip Code: 33525

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7371590

* 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
San Antonio Elementary School Primary Regular 625 48 4
Pasco Middle School Middle Regular 916 67 3
Pasco High School High Regular 1,595 93 4

San Antonio Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 48
4
GreatSchools Rating

Pasco Middle School

  • Education Level: Middle
  • # of students: 916
  • # of teachers: 67
3
GreatSchools Rating

Pasco High School

  • Education Level: High
  • # of students: 1,595
  • # of teachers: 93
4
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,059
Property Tax -$333
Property Insurance -$156
HOA -$155
Property Management Fees -$129
CASH FLOW
$97

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$305,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 3.00%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,825

INVESTMENT

$82,825

Down Payment
$76,250
Rehab Estimate
$2,000
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$29,750

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9304$2,100
$2,100
RENT COMPS ANALYSIS
  • 12618 Eastpointe Dr Dade City, FL 3
    • 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.94
    •  
  • 12713 Oak Hollow Ct Dade City, FL 1
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 2003
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 13206 Palmilla Cir Dade City, FL 2
    • 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 2005
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 12350 Woodlands Cir Dade City, FL 4
    • 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,342 Sqft ∙ Built 2002
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
PROPERTY LISTING DETAILS
Michelle Warnstadt
1.813.391.8801
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296709
Last Updated: 03/20/2021
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