Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14924 Redcliff Dr Tampa, FL 33625

3 Beds 2 Baths 1,811 sqft Built 1988

$299,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $165.60
  • 4 Days on Market
  • MLS # : T3282556
  • Updated Date : 01/01/2021 at 15:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,811 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

ABSOLUTE BARGAIN! UNBELIEVABLE PRICE! PRICED LOW & FIRM FOR YOUR PRE-APPROVED BUYER WHO WANTS A GREAT DEAL ON A SUPER HOME IN A GREAT AREA. HURRY, IT WON'T LAST LONG AT THIS LOW, LOW PRICE. SO DO YOURSELF A FAVOR AND WRITE A SQUEAKY CLEAN FULL PRICE OFFER TODAY--AND SAVE YOURSELF ALL THE FUN OF A FULL PRICE COUNTER OFFER! DON'T MISS THIS GOLDEN OPPORTUNITY FOR A FANTASTIC DEAL IN A WONDERFUL AREA! French doors on Master Bedroom and Office. Sliding glass doors on Family Room and Dining Room to screened-in patio. A/C replaced in 2018. Garage features a workbench with 110V and 220V outlets and a wall-mounted A/C.

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

Neighborhood: Eastbrook

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Eastbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,107
Property Tax -$369
Property Insurance -$141
HOA -$38
Property Management Fees -$129
CASH FLOW
$317

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.

$299,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

11.67

YEARS SAVED

$62,701

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,110

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0503$2,1004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 14924 Redcliff Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.16
    •  
  • 14823 Redcliff Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2000
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.19
    •  
  • 5504 Pentail Cir Tampa, FL 2
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1980
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.23
    •  
  • 5428 Turtle Crossing Loop Tampa, FL 3
    • 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2004
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.12
    •  
  • 6511 Appaloosa Drive Tampa, FL 5
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1989
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.12
    •  
PROPERTY LISTING DETAILS
James Wheeler
1.813.285.1229
Coldwell Banker Residential
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282556
Last Updated: 01/01/2021
BESbswy