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14238 Natures Reserve Dr Lithia, FL 33547

4 Beds 4 Baths 2,417 sqft Built 2018

$410,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $169.63
  • 3 Days on Market
  • MLS # : T3285455
  • Updated Date : 01/22/2021 at 15:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,417 sqft
  • Baths : 3 full , 1 half
Listing Agent

Eaton Realty,llc

Listing Agent's Description

Meticulously cared for and loaded with upgrades this 4 beds, 3.5 baths, 2 car garage Redwing floorplan by David Weekley will exceed your expectations! Walkthrough the custom decorative glass front door and immediately embrace the open and airy feeling provided by the amazing layout and soaring 20’ high ceilings. Abundant natural light fills this fabulous home from the numerous windows throughout. The entry, family room, kitchen, and dining room, feature easy to maintain wood look laminate giving a rich look while the entire upstairs has plush carpet for a cozy feel. At the heart of the home is the gourmet kitchen with espresso crowned 42" cabinets and complementary granite countertops. The custom tiled backsplash adds class to this already amazing kitchen! A large prep island and built-in ovens make for easy meal prep and cooking. Off the living room, oversized sliders lead out to the home’s extra-large-sized screened-in lanai with privacy shades and a fenced backyard extending your entertaining space year-round. The owner's suite is separate from the other bedrooms and is located on the first floor for convenience and more privacy. With 12’ vaulted ceilings, plush carpeting, a large walk-in closet, and a luxurious master bath this master suite is truly a place to retreat to at the end of the day. All the secondary bedrooms are upstairs, along with 2 full-size baths, and a bonus room perfect for an office, den, or e-learning space. This home is located just a few blocks from the middle and elementary schools (Barrington and Stowers), a few blocks from a new park with a playground and half basketball court, pool, and splash park here in FishHawk West. This gorgeous home will not last long! Call today to schedule a showing.

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: Fishhawk

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k481k

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

Neighborhood: Fishhawk

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
Stowers Elementary School Primary Regular 923 66 9
Barrington Middle School Middle Regular 1,227 70 6
Newsome High School High Regular 2,469 125 9

Stowers Elementary School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 66
9
GreatSchools Rating

Barrington Middle School

  • Education Level: Middle
  • # of students: 1,227
  • # of teachers: 70
6
GreatSchools Rating

Newsome High School

  • Education Level: High
  • # of students: 2,469
  • # of teachers: 125
9
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,424
Property Tax -$693
Property Insurance -$177
HOA -$34
Property Management Fees -$129
CASH FLOW
-$87

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.

$410,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 3.4%
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$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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$20,313

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,490

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,370
1$2,3702$2,4003$2,4454$2,6305$2,650
$2,650
RENT COMPS ANALYSIS
  • 14238 Natures Reserve Dr Lithia, FL 1
    • 4 beds 4 baths ∙ 2,417 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,417 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.98
    •  
  • 5912 Caldera Ridge Dr Lithia, FL 2
    • 4 beds 4 baths ∙ 2,317 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,317 Sqft ∙ Built 2014
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.04
    •  
  • 5948 Village Center Dr Lithia, FL 3
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2014
    property image
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,445
    • $0.97
    •  
  • 6007 Shell Ridge Dr Lithia, FL 4
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2015
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.03
    •  
  • 5943 Jasper Glen Dr Lithia, FL 5
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2015
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.08
    •  
PROPERTY LISTING DETAILS
Sandra Bockelmann
1.813.263.0737
Eaton Realty,llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285455
Last Updated: 01/22/2021
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