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14906 Swiftwater Way Tampa, FL 33625

4 Beds 4 Baths 2,950 sqft Built 2013

INVESTimate

$465,000

List Price

$2,630

$2,380 - $2,880

Rent Est.

$490,157  ( +5.41%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2013
  • Price/Sqft : $157.63
  • 9 Days on Market
  • MLS # : T3260170
  • Updated Date : 08/25/2020 at 15:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,950 sqft
  • Baths : 4 full
Listing Agent

Re/max Dynamic

Listing Agent's Description

Wishing for the convenience of living close to everything but want the privacy of a secluded subdivision? Your search is over! Situated in the heart of the highly sought after Rocky Creek Estates awaits your new home! This huge 4br/4ba nearly 3000SF two story is just gorgeous! Nestled on a CUL-DE-SAC with no rear neighbors, you will love the private feel. A super charming covered front porch welcomes you upon arrival. You will immediately take note of the gorgeous WOOD FLOORING, elegant PLANTATION SHUTTERS, and CROWN MOLDING throughout. The designer kitchen is truly a treat with STAINLESS STEEL appliances, QUARTZ countertops, UPGRADED cabinetry, and glass tile backsplash. An OPEN FLOOR PLAN is perfect for entertaining! The master retreat includes a striking tray ceiling, a CUSTOM WALK-IN CLOSET, and luxurious en suite bath. A huge second floor BONUS area offers great additional living space! Enjoy relaxing with family and friends on the expansive rear SCREENED LANAI overlooking your spacious and very private FENCED BACKYARD. While this home will feel like a wonderful retreat, it is conveniently located! You are just minutes from the Veterans Expressway, Citrus Park Mall and Tampa International Airport. And the fact that there is no CDD makes this an even better find! Schedule your showing today!

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Citrus Park Community

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Citrus Park Community

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052083

* 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
Citrus Park Elementary School Primary Regular 590 52 8
Smith Middle School Middle Regular 854 53 6
Sickles High School High Regular 2,135 110 7

Citrus Park Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 52
8
GreatSchools Rating

Smith Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 53
6
GreatSchools Rating

Sickles High School

  • Education Level: High
  • # of students: 2,135
  • # of teachers: 110
7
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,716
Property Tax -$616
Property Insurance -$207
HOA -$91
Property Management Fees -$80
CASH FLOW
-$80

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.

$465,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.41%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$31,050

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,544

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,3003$2,5504$2,6005$2,630
$2,630
RENT COMPS ANALYSIS
  • 14906 Swiftwater Way Tampa, 5
    • 4 beds 4 baths ∙ 2,950 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,950 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.89
    •  
  • 7727 Cedarhurst Ln Tampa, 1
    • 3 beds 3 baths ∙ 2,806 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,806 Sqft ∙ Built 2002
    property image
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.75
    •  
  • 6201 Rogers Vista Ct Tampa, 2
    • 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2003
    property image
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.85
    •  
  • 6324 Nikki Ln Tampa, 3
    • 4 beds 3 baths ∙ 2,843 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,843 Sqft ∙ Built 1997
    property image
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.90
    •  
  • 8261 Nectar Ridge Ct Odessa, 4
    • 3 beds 4 baths ∙ 2,725 Sqft ∙ Built 2010 3 beds 4 baths ∙ 2,725 Sqft ∙ Built 2010
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.95
    •  
PROPERTY LISTING DETAILS
Andrew Duncan
1.813.501.3939
Re/max Dynamic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260170
Last Updated: 08/25/2020
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