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12749 Palapa Loop Spring Hill, FL 34610

3 Beds 2 Baths 1,710 sqft Built 2019

$254,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $149.06
  • 6 Days on Market
  • MLS # : U8104872
  • Updated Date : 11/18/2020 at 09:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,710 sqft
  • Baths : 2 full
Listing Agent

Premier Sothebys Intl Realty

Listing Agent's Description

This beautiful, almost new home located in the desirable Talavera community offers 3 bedrooms and 2 baths with 1,710 heated square feet and a total of 2,390 square feet under cover. This lovely home has a split floor plan and plenty of upgrades. As you enter, a nice foyer features 2 bedrooms and a granite bath to the left; beyond is a stunning great room with vaulted ceilings and a gorgeous kitchen featuring stainless steel appliances, granite countertops, tile backsplash and wood cabinets. The spacious master suite, adjacent to the great room, offers plenty of space for oversized furniture and includes a beautiful master bath boasting granite countertops, an oversized tiled shower and an extra-large walk-in closet. From the great room, sliding doors lead you to a covered lanai and beautifully landscaped backyard. Enjoy the exclusive quiet community areas offering a swimming pool, tennis courts, playground and a clubhouse. With an ideal location near I-75 and the Suncoast Parkway, enjoy quick and easy access to the best of Florida West Coast living.

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 34610

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $74k252k

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

Zip Code: 34610

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7811590

* 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
Dr. Mary Giella Elementary School Primary Regular 674 50 5
Crews Lake Middle School Middle Regular 1,201 85 5
Hudson High School High Regular 1,267 82 5

Dr. Mary Giella Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 50
5
GreatSchools Rating

Crews Lake Middle School

  • Education Level: Middle
  • # of students: 1,201
  • # of teachers: 85
5
GreatSchools Rating

Hudson High School

  • Education Level: High
  • # of students: 1,267
  • # of teachers: 82
5
GreatSchools Rating
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$940
Property Tax -$484
Property Insurance -$133
HOA -$18
Property Management Fees -$80
CASH FLOW
-$5

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.

$254,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 3.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,549

INVESTMENT

$69,549

Down Payment
$63,725
Rehab Estimate
$2,000
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$940

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$19,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,642

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,650
$1,650
RENT COMPS ANALYSIS
  • 12749 Palapa Loop Spring Hill, FL 2
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 12445 Chaya Ct Spring Hill, FL 1
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2017
    property image
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
PROPERTY LISTING DETAILS
Irene Lis-planells
1.813.505.1242
Premier Sothebys Intl Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8104872
Last Updated: 11/18/2020
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