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13638 Old Creek Ct Parrish, FL 34219

3 Beds 3 Baths 2,274 sqft Built 2019

$419,900

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $184.65
  • 3 Days on Market
  • MLS # : A4488181
  • Updated Date : 01/15/2021 at 10:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,274 sqft
  • Baths : 3 full
Listing Agent

Bright Realty

Listing Agent's Description

Come retreat to this beautiful modern farmhouse style smart home. This spacious 3 bedroom 2.5 bath plus den home backs up to a tranquil open pasture. As you walk into this bright and airy open floor plan with high coffered ceilings, you feel right at home. Why wait to build when you have the luxury of this little over a year old home thats move in ready and tastefully done. The Neal model home has almost $60,000 in Premium upgrades and model enhancements that refines the quality of the home. Canoe Creek offers a resort style living with beautifully done amenities such as pool with lap lanes, spa, fire-pit, 4 pickle ball courts, dog park, fitness center, and a recreational program overseen by your own activities director. The community is CDD FREE!!! You are not only buying a home but a beautiful lifestyle.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$377,910$461,890$419,900

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,458
Property Tax -$428
Property Insurance -$176
HOA -$126
Property Management Fees -$129
CASH FLOW
-$7

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.

$419,900

PROJECTED PRICE

$2,310

PROJECTED RENT

0.55%

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$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$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,458

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$25,892

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,268

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9253$2,2994$2,3105$2,350
$2,350
RENT COMPS ANALYSIS
  • 13638 Old Creek Ct Parrish, FL 4
    • 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.02
    •  
  • 12160 Warwick Cir Parrish, FL 1
    • 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 2
    • 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 3
    • 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
    •  
  • 12809 49th Ln E Parrish, FL 5
    • 3 beds 2 baths ∙ 2,092 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,092 Sqft ∙ Built 2012
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.12
    •  
PROPERTY LISTING DETAILS
Ryan Rupp
1.941.737.8700
Bright Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4488181
Last Updated: 01/15/2021
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