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15516 Casey Rd Tampa, FL 33624

3 Beds 3 Baths 2,529 sqft Built 2020

$495,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $195.73
  • 2 Days on Market
  • MLS # : T3288666
  • Updated Date : 02/13/2021 at 11:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,529 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

LOOKING FOR SEPTACULAR!!! LOOK NO MORE!! The open floor plan in Casey Cove Estates is complete with 3 Bedrooms and 2.5 Baths – Office-Great Room – Formal Dining Room, Dinette and Kitchen total 2,559 sq. ft. The upgrades are amazing! A cooks delight kitchen having 42” wood cabinets with crown molding trimming the top - dual sink an amazing island with eating space. Cabinets galore - walk in shelved pantry, top of the line stainless steel appliances - granite countertops - striking beautiful backsplash adds to this delightful dream kitchen. Butler pantry makes a great coffee bar or wine cabinet. The openness of the kitchen with a large great room and dining area makes entertaining delightful. The Master suite with a large his and hers walk in closet with an extra closet for storage leads into the luxurious master bath with dual sinks-granite countertops, soaking garden tub, and a splendid large walk-in shower with double shower heads - rain shower above and regular. On the opposite side of the house 2 guest rooms plus a full bath. Engineered Hardwood floors throughout the entire house except bathrooms are ceramic tile. Large laundry room with new washer/dryer. Ceiling fans and blinds on all windows! Fully fenced backyard and great corner lot with lush landscaping. Pavered driveway. The house is conveniently located to awesome schools - minutes from shopping, restaurants, Carrollwood Golf and Country Club, I-275, Veterans and much more. Call now for your private showing of this hidden gem!!

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: Northdale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Northdale

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
Carrollwood Elementary School Primary Regular 796 63 6
Hill Middle School Middle Regular 870 52 6
Gaither High School High Regular 2,090 117 5

Carrollwood Elementary School

  • Education Level: Primary
  • # of students: 796
  • # of teachers: 63
6
GreatSchools Rating

Hill Middle School

  • Education Level: Middle
  • # of students: 870
  • # of teachers: 52
6
GreatSchools Rating

Gaither High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 117
5
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,719
Property Tax -$609
Property Insurance -$182
HOA -$49
Property Management Fees -$129
CASH FLOW
-$88

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$495,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 3.00%
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$1.4M$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$133,175

INVESTMENT

$133,175

Down Payment
$123,750
Rehab Estimate
$2,000
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$27,793

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,327

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0953$2,5004$2,600
$2,600
RENT COMPS ANALYSIS
  • 15516 Casey Rd Tampa, FL 4
    • 3 beds 3 baths ∙ 2,529 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,529 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.03
    •  
  • 15303 Lake Bella Vista Dr Tampa, FL 1
    • 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 2003
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
  • 4104 Woodacre Ln Tampa, FL 2
    • 3 beds 2 baths ∙ 2,295 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,295 Sqft ∙ Built 2004
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.91
    •  
  • 15610 N Himes Ave Tampa, FL 3
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2007
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Tammy Waugh, Pa
1.813.404.1533
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288666
Last Updated: 02/13/2021
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