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13509 Old Creek Ct Parrish, FL 34219

3 Beds 2 Baths 1,859 sqft Built 2019

$349,999

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $188.27
  • 4 Days on Market
  • MLS # : T3282656
  • Updated Date : 01/02/2021 at 19:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,859 sqft
  • Baths : 2 full
Listing Agent

Excel Realty Of Florida

Listing Agent's Description

Better than new! This 2 year young home will wow you!!! Three large bedrooms, two baths plus a den on a beautiful lake view! Sellers have over 25k in upgrades in this home. If that wasn't enough the community is CDD free! Low Hoa and amenities galore! They include a resort style pool with lap lanes, spa, activities director, dog park, pickle ball court, and a fitness center that will make your jaw drop! If you're looking for move in ready with all the bells and whistles this is the home for you! (Professional pictures will be added Jan 1st)

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

Zip Code: 34219

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $120k409k

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

Zip Code: 34219

ZipNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000210022002300240025002600Rent in $11862642

* 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
Williams Elementary School Primary Regular 911 52 6
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Williams Elementary School

  • Education Level: Primary
  • # of students: 911
  • # of teachers: 52
6
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$314,999$384,999$349,999

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,291
Property Tax -$357
Property Insurance -$150
HOA -$96
Property Management Fees -$129
CASH FLOW
-$164

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$349,999

PROJECTED PRICE

$1,860

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,499
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,886

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,850

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8003$1,8604$1,9255$2,299
$2,299
RENT COMPS ANALYSIS
  • 13509 Old Creek Ct Parrish, FL 3
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.00
    •  
  • 12409 Larchmere Ln Parrish, FL 1
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2017
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.11
    •  
  • 12160 Warwick Cir Parrish, FL 2
    • 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 2002
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 12928 24th Ct E Parrish, FL 4
    • 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 2016
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.90
    •  
  • 13313 49th Ln E Parrish, FL 5
    • 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 2011
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $1.11
    •  
PROPERTY LISTING DETAILS
Bruce Holland Iii
1.813.450.6402
Excel Realty Of Florida
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282656
Last Updated: 01/02/2021
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