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12937 Royal George Ave Odessa, FL 33556

4 Beds 2 Baths 1,648 sqft Built 1997

$399,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $242.11
  • 2 Days on Market
  • MLS # : U8109933
  • Updated Date : 01/16/2021 at 18:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,648 sqft
  • Baths : 2 full
Listing Agent

Florida Federated Realty Inc

Listing Agent's Description

Beautiful 4 bedroom, 2 bath, 2 car garage home in the Eagles Community that backs up to trees and water right from your private backyard. Featuring vaulted ceilings and a large, open living room and kitchen combo area. Master bedroom with walk-in closet, upgraded, dual-sink vanity with quartz countertops, and beautiful shower. Master bedroom also with sliding glass doors leading to large, screened lanai overlooking the 17th hole on golf course, pond and mature trees. The Eagles is a 24/7 guarded and patrolled golf community. Great schools. Must see!

SEE MORE

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

Neighborhood: Eagles

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k481k

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

Neighborhood: Eagles

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9052692

* 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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,386
Property Tax -$495
Property Insurance -$132
HOA -$63
Property Management Fees -$129
CASH FLOW
-$204

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$399,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.57%
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

PROJECTED ANNUAL CASH FLOW

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

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$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,238

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,998

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,0004$2,1005$2,350
$2,350
RENT COMPS ANALYSIS
  • 12937 Royal George Ave Odessa, FL 3
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.21
    •  
  • 13217 Royal George Ave Odessa, FL 1
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1999
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.16
    •  
  • 12536 Sparkleberry Rd Tampa, FL 2
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1999
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.24
    •  
  • 12813 Starling Dr Odessa, FL 4
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1977
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.23
    •  
  • 15515 Eastbourn Dr Odessa, FL 5
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1997
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.22
    •  
PROPERTY LISTING DETAILS
James Baker
1.727.449.9557
Florida Federated Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109933
Last Updated: 01/16/2021
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