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13502 Clubside Dr Tampa, FL 33624

3 Beds 3 Baths 2,016 sqft Built 1982

$369,900

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $183.48
  • 3 Days on Market
  • MLS # : T3279775
  • Updated Date : 12/12/2020 at 11:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,016 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Tampa Prop.

Listing Agent's Description

Location, Location, Location! Your new home awaits you! Welcome to CLubside Patio Homes in the heart of Carrollowood Village right off South Village drive. Pride of ownership is displayed throughout this home; enjoy the tons of natural light and open spaces this home provides. The backyard Covered patio and pool area are extraordinary! Enjoy the peace and tranquility this Neighborhood offers as this home is nestled at the end of the cul-de-sac. This home Features 3 large bedrooms, 3 bath, 2 car garage and many new upgrades. Upgrades include the Spacious Master bedroom with a recently remodeled Master Bath. Granite counter tops in bathrooms and kitchen and new appliances in Kitchen. Brand new energy efficient Hurricane proof window throughout and new high-end French doors leading out to the patio and pool area. Newly Resurfaced pool with new blue edge tile, new pool motor, new chlorinator, and pool filtration system. New continuous gutters and Aluminum rapped facia. New Water softener system and new exterior and interior paint. This home is a must see! Total turnkey move in ready home priced to sell fast!

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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: Carrollwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $85k382k

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

Neighborhood: Carrollwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9052651

* 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
Carrollwood Elementary School Primary Regular 796 63 6
Adams Middle School Middle Regular 1,017 75 2
Chamberlain High School High Regular 1,772 98 4

Carrollwood Elementary School

  • Education Level: Primary
  • # of students: 796
  • # of teachers: 63
6
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,017
  • # of teachers: 75
2
GreatSchools Rating

Chamberlain High School

  • Education Level: High
  • # of students: 1,772
  • # of teachers: 98
4
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,365
Property Tax -$455
Property Insurance -$153
HOA -$35
Property Management Fees -$129
CASH FLOW
-$47

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.

$369,900

PROJECTED PRICE

$2,090

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$28,263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,930

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8903$1,9504$2,0905$2,195
$2,195
RENT COMPS ANALYSIS
  • 13502 Clubside Dr Tampa, FL 4
    • 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.04
    •  
  • 4701 Ranchway Ct Tampa, FL 1
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1978
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 13614 Clubside Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 1982
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.89
    •  
  • 12620 Catamaran Pl Tampa, FL 3
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1979
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 4215 Cartnal Ave Tampa, FL 5
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1980
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.99
    •  
PROPERTY LISTING DETAILS
Tony Gonzalez
1.813.264.7754
Keller Williams Tampa Prop.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279775
Last Updated: 12/12/2020
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