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12905 Big Sur Dr Tampa, FL 33625

4 Beds 2 Baths 2,468 sqft Built 1998

$420,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $170.18
  • 7 Days on Market
  • MLS # : T3291249
  • Updated Date : 02/26/2021 at 07:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,468 sqft
  • Baths : 2 full
Listing Agent

Exclusive Homes Realty, Inc.

Listing Agent's Description

Desirable Ventana in Carrollwood! Move in ready 4 bedroom 2 bath home with an over sized covered patio. On a corner lot. Home features Formal living and dining areas with an open concept kitchen and family room. other features consist of a Den and upstairs loft, bonus room or media room. Master bedroom has sliding glass doors to the patio, dual vanities, and large walk in closet. Low or no maintenance backyard. New roof recently placed in May 2017. Ventana is conveniently located near all conveniences, such as Supermarkets, Restaurants, Citrus Park Mall and Veterans Expressway. A must see to appreciate!

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

Neighborhood: Ventana at Carrollwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $85k427k

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

Neighborhood: Ventana at Carrollwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200Rent in $9052390

* 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
Essrig Elementary School Primary Regular 675 53 6
Hill Middle School Middle Regular 870 52 6
Gaither High School High Regular 2,090 117 5

Essrig Elementary School

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 53
6
GreatSchools Rating

Hill Middle School

  • Education Level: Middle
  • # of students: 870
  • # of teachers: 52
6
GreatSchools Rating

Gaither High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 117
5
GreatSchools Rating
 

$378,000$462,000$420,000

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 -$1,459
Property Tax -$516
Property Insurance -$179
HOA -$30
Property Management Fees -$129
CASH FLOW
$37

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.

$420,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.7%
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$0.0$5.0k$10k$15k$20k

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$34,227

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
  • $0.95

    LIST RENT PER SQFT
  • $2,412

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2504$2,3505$2,450
$2,450
RENT COMPS ANALYSIS
  • 12905 Big Sur Dr Tampa, FL 4
    • 4 beds 2 baths ∙ 2,468 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,468 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.95
    •  
  • 12905 Lake Ventana Dr Tampa, FL 1
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1999
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 5907 Plummer Slade Ct Tampa, FL 2
    • 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 2004
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
  • 12807 Lake Ventana Dr Tampa, FL 3
    • 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1996
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.99
    •  
  • 5809 Aventura Ct Tampa, FL 5
    • 3 beds 3 baths ∙ 2,476 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,476 Sqft ∙ Built 1999
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.99
    •  
PROPERTY LISTING DETAILS
Betty Larralde
1.813.333.2157
Exclusive Homes Realty, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3291249
Last Updated: 02/26/2021
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