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15709 Country Lake Dr Tampa, FL 33624

4 Beds 2 Baths 2,094 sqft Built 1980

$375,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $179.08
  • 4 Days on Market
  • MLS # : T3287789
  • Updated Date : 02/04/2021 at 17:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,094 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tampa Prop.

Listing Agent's Description

ACT QUICKLY! Don't miss this amazing opportunity to own this MOVE-IN READY 4 bedroom/2 bathroom/2 car garage home in the heart of Country Place. BRAND NEW IMPACT WINDOWS & SLIDER being installed THIS MONTH (Feb/2021)! As you enter the home you are greeted by vaulted ceilings and an abundance of natural light. The open floor plan of the family room and dining room allows for the perfect space for large gatherings. The kitchen has been completely UPDATED (2018) including granite countertops, stainless steel appliances, subway tile backsplash, and NEW GARBAGE DISPOSAL (2020). The formal living room, located just off of the kitchen, features a charming wood burning fireplace and has access to the large 20x20 garage. The den/flex space located off of the dining area is the perfect space for an office or playroom. From the den/flex space, you can access the FULLY FENCED backyard with a BRAND NEW PAVER PATIO (2020) that extends all the way over to the left side of the house and provides great space for an additional entertaining/grilling area. The chlorinated STOCK TANK POOL (2020) was just recently installed and ready to be enjoyed all spring and summer long! All bedrooms are located on one side of the house. The master bedroom has TWO CLOSETS including a WALK-IN CLOSET with built-ins. Second and third bedrooms also feature built-in closets. Other features and improvements include: Attic Decking (2021), Garage Door Opener w/ Mobile App (2020), Gutters/Downspouts & Leaf Guards (2020), AC & Ductwork (2019), Water Heater (2019), Vinyl Fence (2019), Roof (2007), INSIDE LAUNDRY, and LOW HOA FEE of $125/Year. Amenities include a playground, park, and a covered pavilion that is perfect for picnics. I-275 and Veteran's Expressway are just minutes away. Easy access to hospitals, USF, downtown Tampa, Tampa International Airport and shopping/restaurants in Carrollwood.

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: Country Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Country Place

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,303
Property Tax -$461
Property Insurance -$157
HOA -$10
Property Management Fees -$129
CASH FLOW
-$70

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.

$375,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 8.4%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$21,189

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,026

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8253$1,9904$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 15709 Country Lake Dr Tampa, FL 3
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.95
    •  
  • 4212 Autumn Leaves Dr Tampa, FL 1
    • 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 1978
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 16133 Gardendale Dr Tampa, FL 2
    • 4 beds 3 baths ∙ 1,934 Sqft ∙ Built 1982 4 beds 3 baths ∙ 1,934 Sqft ∙ Built 1982
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.94
    •  
  • 4706 Fox Hunt Dr Tampa, FL 4
    • 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1982
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 5007 Berryhill Ct Tampa, FL 5
    • 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1997
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.01
    •  
PROPERTY LISTING DETAILS
Janet Wasserberger
1.813.264.7754
Keller Williams Tampa Prop.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287789
Last Updated: 02/04/2021
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