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

12810 Castlemaine Dr Tampa, FL 33626

4 Beds 2 Baths 1,991 sqft Built 2003

$465,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $233.55
  • 3 Days on Market
  • MLS # : T3287402
  • Updated Date : 01/29/2021 at 14:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,991 sqft
  • Baths : 2 full
Listing Agent

People's Choice Realty Svc Llc

Listing Agent's Description

GREAT PRICE IN GATED WEST HAMPTON !! NO CDD FEE!! This spectacular home inside the open floor plan offering 4 bedrooms, 2 full bathrooms and screened Pool with spa in fenced rear yard. The gourmet kitchen has stainless appliances, gas stove, 42" cabinets and granite countertops and new PORCELAIN TILE throughout. NEW ROOF(2017), A/C (2017) & WATER HEATER (2020). Attractive exterior features natural stone accents & mature landscaping. The community is located near “A" rated schools, nearby shopping, parks, restaurants, gyms, easy access to downtown, Gulf Beaches, Tampa International Airport and the Veterans Expressway.

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

Neighborhood: Keystone

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $85k485k

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

Neighborhood: Keystone

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9053006

* 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
Bryant Elementary School Primary Regular 973 69 8
Farnell Middle School Middle Regular 1,356 75 9
Sickles High School High Regular 2,135 110 7

Bryant Elementary School

  • Education Level: Primary
  • # of students: 973
  • # of teachers: 69
8
GreatSchools Rating

Farnell Middle School

  • Education Level: Middle
  • # of students: 1,356
  • # of teachers: 75
9
GreatSchools Rating

Sickles High School

  • Education Level: High
  • # of students: 2,135
  • # of teachers: 110
7
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,615
Property Tax -$572
Property Insurance -$151
HOA -$95
Property Management Fees -$129
CASH FLOW
-$212

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.

$465,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$15,869

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,160

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3504$2,3955$2,400
$2,400
RENT COMPS ANALYSIS
  • 12810 Castlemaine Dr Tampa, FL 3
    • 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.18
    •  
  • 12508 Deerberry Ln Tampa, FL 1
    • 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2000
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
  • 14626 Corkwood Dr Tampa, FL 2
    • 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2000
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.10
    •  
  • 12816 Tar Flower Dr Tampa, FL 4
    • 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2001
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.04
    •  
  • 12825 Castlemaine Dr Tampa, FL 5
    • 4 beds 3 baths ∙ 2,083 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,083 Sqft ∙ Built 2002
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.15
    •  
PROPERTY LISTING DETAILS
Shahina Makhani
1.813.476.2041
People's Choice Realty Svc Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287402
Last Updated: 01/29/2021
BESbswy