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15214 Antilles Isle Ln Tampa, FL 33647

5 Beds 4 Baths 2,808 sqft Built 2014

INVESTimate

$348,000

List Price

$2,220

$1,998 - $2,442

Rent Est.

$362,825  ( +4.26%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $123.93
  • 3 Days on Market
  • MLS # : T3261176
  • Updated Date : 08/25/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,808 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

LOVE THE WATER, LOVE TO SKI.....YOUR NEW HOME IS HERE! Located in the Resort Style, Guard Gated Community of Cory Lake Isles with a 165 Acre Ski Lake, this Beautiful 2 Story Home Boasts 2,808 SF, 5 Bedrooms, 3.5 Baths, and 3 Car Tandem Garage. A Large Foyer and Spacious, Open Flow Floor Plan with Gleaming Ceramic Tile Floors, Crown Molding, Large Windows and a Neutral Color Scheme flow throughout the 1st floor. Large Archways open to the Formal Living and Dining Rooms and into the Kitchen Featuring 42” Wood Cabinets some with Glass Doors, Granite Counters with Tile Backsplash, Stainless Appliances, Walk-In Pantry, Center Island with Breakfast Bar and a Dinette area. The adjacent Family Room has the perfect wall for an Entertainment Center or Large Screen TV, Sliders to the Covered Lanai and Stairway to the 2nd floor. There is also a half bath on the 1st floor. All Bedrooms are on the 2nd floor, the Master Suite has 2 Walk-In Closets, Tray Ceiling, Garden Tub, Walk-In Shower, both with Listello Trim and Wood Vanity with Double Sinks. The Second Bedroom has an ensuite Bath and the other Bedrooms share a Bath. The Laundry Room is on the Second Floor and has convenient shelving and will accommodate a Full-Size Washer/Dryer. Cory Lake Isles has Awesome Amenities including a Community Center, Resort Style Pool, Fitness Center, Tennis and Basketball Courts, Playground, and more! Don’t miss this opportunity to live in the home you’ve been searching for. This Wonderful Community is close to all Major Highways, Shopping Centers and Restaurants. Call for a private viewing 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: Cory Lake Isles

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600kPrice in $85k601k

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

Neighborhood: Cory Lake Isles

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9052809

* 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
Hunter's Green Elementary School Primary Regular 856 66 3
Benito Middle School Middle Regular 1,053 63 7
Wharton High School High Regular 2,261 128 4

Hunter's Green Elementary School

  • Education Level: Primary
  • # of students: 856
  • # of teachers: 66
3
GreatSchools Rating

Benito Middle School

  • Education Level: Middle
  • # of students: 1,053
  • # of teachers: 63
7
GreatSchools Rating

Wharton High School

  • Education Level: High
  • # of students: 2,261
  • # of teachers: 128
4
GreatSchools Rating
 

$313,200$382,800$348,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,284
Property Tax -$577
Property Insurance -$199
HOA -$18
Property Management Fees -$80
CASH FLOW
$63

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.

$348,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 4.26%
Maintenance Year (1-5) 8.00%
Vacancy 5.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,970

INVESTMENT

$97,970

Down Payment
$87,000
Rehab Estimate
$5,750
Closing Costs
$5,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,000
Loan Amount $261,000
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$35,426

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,183

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,2204$2,3955$2,650
$2,650
RENT COMPS ANALYSIS
  • 15214 Antilles Isle Ln Tampa, 3
    • 5 beds 4 baths ∙ 2,808 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,808 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.79
    •  
  • 15240 Anguilla Isle Ave Tampa, 1
    • 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2014
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.70
    •  
  • 15216 Anguilla Isle Ave Tampa, 2
    • 4 beds 4 baths ∙ 2,887 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,887 Sqft ∙ Built 2015
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.73
    •  
  • 18008 Malakai Isle Dr Tampa, 4
    • 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2005
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.83
    •  
  • 10521 Canary Isle Dr Tampa, 5
    • 5 beds 4 baths ∙ 3,111 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,111 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.85
    •  
PROPERTY LISTING DETAILS
Angela Mora
1.813.482.1452
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3261176
Last Updated: 08/25/2020
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