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13226 Royal George Ave Odessa, FL 33556

3 Beds 3 Baths 2,296 sqft Built 1999

$375,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $163.33
  • 2 Days on Market
  • MLS # : T3285255
  • Updated Date : 01/16/2021 at 14:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,296 sqft
  • Baths : 2 full , 1 half
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Turn this house into your perfect dream home! The owner removed flooring from the family room, stairs, and 2 bedrooms and decided to let the new owners replace it with their taste and style (reflected in listing price) Popular Sheffield model with 3 bedrooms, 2.5 bathrooms, and 2,296 sf, is resting on a beautiful conservation and water lot. This lovely two-story home features a spacious loft perfect for a game room, movie room, or converted into a fourth bedroom or office. The kitchen appliances are 3 years old and the master bedroom has new carpet. Exterior features include a large covered screened lanai where you can relax and enjoy beautiful nature wandering around your back yard. The Eagles are home to deer, turkeys, peacocks, and more. The roof was replaced in December 2018. The community offers two 24-hour manned gates, a 36-hole championship golf course, restaurant, and clubhouse. Amenities include tennis courts, basketball courts, playground, covered pavilion, and no CDD fees! Buyer to verify measurements and any HOA restrictions. Property sold as-is for convenience of the seller.

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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

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,303
Property Tax -$465
Property Insurance -$170
HOA -$110
Property Management Fees -$129
CASH FLOW
$213

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.

$375,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.64%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$47,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,422

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2003$2,3004$2,3905$2,395
$2,395
RENT COMPS ANALYSIS
  • 13226 Royal George Ave Odessa, FL 4
    • 3 beds 3 baths ∙ 2,296 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,296 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.04
    •  
  • 13236 Royal George Ave Odessa, FL 1
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2000
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.05
    •  
  • 12508 Deerberry Ln Tampa, FL 2
    • 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
    •  
  • 15513 Eastbourn Dr Odessa, FL 3
    • 3 beds 2 baths ∙ 2,139 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,139 Sqft ∙ Built 1997
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.08
    •  
  • 12816 Tar Flower Dr Tampa, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Elaine Myers
1.813.786.3319
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285255
Last Updated: 01/16/2021
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