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14244 Natures Reserve Dr Lithia, FL 33547

4 Beds 4 Baths 2,362 sqft Built 2018

$405,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $171.46
  • 3 Days on Market
  • MLS # : T3292088
  • Updated Date : 02/26/2021 at 16:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,362 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Across The Bay

Listing Agent's Description

DAVID WEEKLEY BUILT 4BD/3.5BA PLUS BONUS ROOM TWO-STORY BEAUTY IN DESIRABLE FISHHAWK RANCH WEST WITH FENCED BACKYARD! DRAMATIC-2-STORY CEILING IN THE FOYER AND DINING AREA WITH LOTS OF NATURAL LIGHT. FABULOUS GOURMET KITCHEN WITH 42" WOOD CABINETS WITH CROWN MOLDING, GRANITE COUNTERTOPS AND STAINLESS STEEL APPLIANCES. RELAXING MASTER SUITE IS ON THE FIRST LEVEL AND FEATURES A 12" VAULTED CEILING WITH A LUXURY MASTER BATH FEATURING DUAL SINKS, OVERSIZED WALK-IN SHOWER AND GRANITE COUNTERS. ALL SECONDARY BEDROOMS ARE ON THE SECOND LEVEL WITH AN ADDITIONAL 2 BATHROOMS AND A BONUS ROOM. ONE OF THE UPSTAIRS BEDROOMS HAS AN ENSUITE BATH, PERFECT FOR GUESTS OR TEENAGER. SUPER ENERGY EFFICIENT HOME WITH 29 SOLAR PANELS, WHICH ARE NOT VISIBLE FROM THE FRONT OF THE HOME. AT TIMES, THE PANELS PRODUCE MORE POWER THAN THE HOUSE IS CONSUMING. THE WATTAGE OVERAGE IS THEN CREDITED BACK TO YOUR ACCOUNT WITH TAMPA ELECTRIC. THIS HOME IS CONVENIENTLY LOCATED NEAR MIDDLE AND ELEMENTARY SCHOOLS, A PARK WITH PLAYGROUND AND HALF BASKETBALL COURT, POOL AND SPLASH PARK. EASY COMMUTES TO MACDILL, DOWNTOWN TAMPA, LOCAL BEACHES AND ORLANDO THEME PARKS!

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MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$364,500$445,500$405,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,407
Property Tax -$684
Property Insurance -$174
HOA -$34
Property Management Fees -$129
CASH FLOW
-$48

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.

$405,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.59%

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$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$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$23,131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,433

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,380
1$2,3802$2,4003$2,4454$2,6305$2,650
$2,650
RENT COMPS ANALYSIS
  • 14244 Natures Reserve Dr Lithia, FL 1
    • 4 beds 4 baths ∙ 2,362 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,362 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.01
    •  
  • 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
    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
    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
    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
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.08
    •  
PROPERTY LISTING DETAILS
Ronald Waller
1.813.833.1173
Re/max Across The Bay
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292088
Last Updated: 02/26/2021
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