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1541 Tawnyberry Ct Trinity, FL 34655

4 Beds 3 Baths 2,677 sqft Built 2002

INVESTimate

$397,500

List Price

$2,310

$2,079 - $2,541

Rent Est.

$421,549  ( +6.05%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $148.49
  • 2 Days on Market
  • MLS # : W7826001
  • Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,677 sqft
  • Baths : 3 full
Listing Agent

Re/max Advantage Realty

Listing Agent's Description

COME HOME TO THIS IMMACULATE LUXURY EXECUTIVE STYLE HOME LOCATED IN THE HEART OF TRINITY!!! THIS 4 BEDROOM (WITH SEPARATE HOME OFFICE) 3 BATH, POOL HOME HAS BEEN METICULOUSLY CARED FOR AND OFFERS AN AMAZING FLOOR PLAN WITH COMPLETE PRIVACY SITUATED ON A CONSERVATION LOT. THE EXTERIOR OF THIS HOME HAS TREMENDOUS CURB APPEAL WITH THE NEUTRAL COLORS AND STONE ACCENTS COMPLIMENTED BY PROFESSIONAL LANDSCAPING. AS YOU ENTER THIS HOME YOU CAN SEE AND FEEL THE QUALITY WITH THE HIGH END TRAY CEILING ENTRY AND OPEN LAYOUT WITH YOUR HOME OFFICE ON THE RIGHT OF THE ENTRY, A SEPARATE SITTING ROOM, AND FORMAL DINING ROOM. THE TRUE GEM OF THIS HOME IS THE FAMILY ROOM WITH CATHEDRAL CEILINGS , A CUSTOM FIREPLACE, AND AN OPEN LAYOUT PERFECT FOR LARGE GATHERINGS WITH FRIENDS AND FAMILY. YOUR KITCHEN HAS ALL OF THE COUNTER AND CABINET SPACE YOU COULD POSSIBLY NEED AND WITH ALL STAINLESS APPLIANCES AND A GAS STOVE...THIS IS PERFECT FOR THE CHEF IN THE FMAILY. THE BEDROOM ACCOMODATIONS ARE PERFECT FOR ALL FAMILIES WITH THE OPTION OF USING ONE OF THE BEDROOMS AS AN IN LAW SUITE WITH A PRIVATE BATHROOM AS WELL AS THE TWO ADDITIONAL BEDROOMS ON THE OTHER WING OF THE HOME AND THE MASTER OFFERS COMPLETE PRIVACY AS WELL. ALL OF THE ROOMS ARE WELL SIZED AND OFFER PLENTY OF NATURAL LIGHT. WNJOY THE VERY BEST OF FLORIDA LIVING WITH YOUR PRIVATE POOL THAT OFFERS A COVERED PATIO AS WELL AS A BRICK PAVER SUN DECK TO ENJOY SUN BATHING OR A PERFECT SETTING FOR A BBQ!! THIS HOME IS TRULY A FANTASTIC FIND SO MAKE YOUR APPOINTMENT 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: Thousand Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k374k

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

Neighborhood: Thousand Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052119

* 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
Trinity Oaks Elementary School Primary Regular 717 55 7
Seven Springs Middle School Middle Regular 1,442 88 9
James W. Mitchell High School High Regular 1,892 117 7

Trinity Oaks Elementary School

  • Education Level: Primary
  • # of students: 717
  • # of teachers: 55
7
GreatSchools Rating

Seven Springs Middle School

  • Education Level: Middle
  • # of students: 1,442
  • # of teachers: 88
9
GreatSchools Rating

James W. Mitchell High School

  • Education Level: High
  • # of students: 1,892
  • # of teachers: 117
7
GreatSchools Rating
 

$357,750$437,250$397,500

PURCHASE PRICE

$2,079$2,541$2,310

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$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 $2,310
EXPENSES Loan Payment -$1,467
Property Tax -$450
Property Insurance -$192
HOA -$23
Property Management Fees -$80
CASH FLOW
$98

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.

$397,500

PROJECTED PRICE

$2,310

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.05%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,088

INVESTMENT

$111,088

Down Payment
$99,375
Rehab Estimate
$5,750
Closing Costs
$5,963

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,467

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,375
Loan Amount $298,125
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$46,465

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,322

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,2013$2,2954$2,3105$2,475
$2,475
RENT COMPS ANALYSIS
  • 1541 Tawnyberry Ct Trinity, 4
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.86
    •  
  • 1609 Kish Blvd Trinity, 1
    • 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 2004
    LEASED 02/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.83
    •  
  • 8551 Fenholloway Ct Trinity, 2
    • 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2004
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,201
    • $0.92
    •  
  • 1519 Swamp Rose Ln Trinity, 3
    • 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 2004
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.79
    •  
  • 1220 Maravista Dr Trinity, 5
    • 5 beds 3 baths ∙ 2,653 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,653 Sqft ∙ Built 1998
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.93
    •  
PROPERTY LISTING DETAILS
Michael Constantine
1.727.415.0922
Re/max Advantage Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7826001
Last Updated: 08/26/2020
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