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15621 Deerglen Dr Tampa, FL 33624

3 Beds 2 Baths 1,297 sqft Built 1979

$300,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $231.30
  • 3 Days on Market
  • MLS # : T3274694
  • Updated Date : 11/07/2020 at 10:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,297 sqft
  • Baths : 2 full
Listing Agent

Ez Choice Realty

Listing Agent's Description

Beautiful Northdale pool home. The back yard is private and nicely landscaped. The screened porch includes a jacuzzi. The entire yard is enclosed with vinyl fencing. The sliding glass doors are newer and double paned. Many improvements with quality material. The vaulted ceiling in the living area gives a very spacious feel and the kitchen window overlooks the porch and pool area. Both of the bathrooms have been updated. The kitchen boasts Craftmade cabinet and granite counter tops. The living area has recently installed new flooring and is freshly painted. The roof was re-roofed in 2010 and will receive wind mitigation credits for the connections. The AC was replaced in 2014 The community of Northdale is home to Northdale Golf and Tennis club and completely renovated Bob Sierra YMCA. This property is conveniently located to many restaurants and stores.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
Claywell Elementary School Primary Regular 781 60 6
Hill Middle School Middle Regular 870 52 6
Gaither High School High Regular 2,090 117 5

Claywell Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 60
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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,107
Property Tax -$369
Property Insurance -$111
Property Management Fees -$80
CASH FLOW
-$57

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.

$300,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.54%

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) 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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$20,809

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,430

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5953$1,6104$1,7505$1,775
$1,775
RENT COMPS ANALYSIS
  • 15621 Deerglen Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,297 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,297 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.24
    •  
  • 5039 Cypress Trace Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1987
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 15712 Pony Pl Tampa, FL 2
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1980
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.16
    •  
  • 4812 Country Hills Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1980
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
  • 14906 Winterwind Dr Tampa, FL 5
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1981
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.12
    •  
PROPERTY LISTING DETAILS
Kathy Reed
1.813.727.0250
Ez Choice Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274694
Last Updated: 11/07/2020
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