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15905 Benton Ct Tampa, FL 33647

4 Beds 3 Baths 2,924 sqft Built 1991

$499,900

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $170.96
  • 2 Days on Market
  • MLS # : T3276220
  • Updated Date : 11/14/2020 at 07:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,924 sqft
  • Baths : 3 full
Listing Agent

Florida Executive Realty

Listing Agent's Description

Looking for that beautiful custom home? This is it! This Hannah Bartoletta home guarantees quality, distinction, and amazing architectural features. This stunning home is located in Tampa Palms, with a LARGE lot - Almost a 1/2 acre with mature landscaping and privacy. It boasts 4 bedrooms 3 baths with a 2 car garage. As you enter this home through the double doors, You are welcomed into the great room with massive 20ft ceilings, stunning staircase and a brick fireplace. The kitchen has a warm contemporary feeling with granite counters, stainless steel appliances, 2 pantries, breakfast nook, dry bar with built in wine rack, imagine having your morning coffee over looking your pool. Your suite has a large bathroom, 2 walk in closets and a office/den/work out room on the first floor. Just off the first floor suite is the 2nd bedroom that can be a bedroom or a second home office. A full bathroom just right across that also doubles as the pool bath. Two bedrooms and bath located on the second floor with a massive WALK IN ATTIC for storage. Relax nightly as you take a dip in your salt water pool without having back yard neighbors. This home is conveniently located close to major highways and easy access to downtown Tampa.

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Tampa Palms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $85k374k

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

Neighborhood: Tampa Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9052351

* 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
Tampa Palms Elementary School Primary Regular 845 71 7
Liberty Middle School Middle Regular 1,202 68 6
Freedom High School High Regular 2,069 103 4

Tampa Palms Elementary School

  • Education Level: Primary
  • # of students: 845
  • # of teachers: 71
7
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 1,202
  • # of teachers: 68
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 2,069
  • # of teachers: 103
4
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,844
Property Tax -$635
Property Insurance -$205
HOA -$25
Property Management Fees -$80
CASH FLOW
-$229

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.

$499,900

PROJECTED PRICE

$2,560

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.2%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$21,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,697

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,5003$2,5604$2,9505$3,000
$3,000
RENT COMPS ANALYSIS
  • 15905 Benton Ct Tampa, FL 3
    • 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.88
    •  
  • 16059 Bella Woods Dr Tampa, FL 1
    • 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2010
    LEASED 06/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.83
    •  
  • 7834 Tuscany Woods Dr Tampa, FL 2
    • 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2011
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 6615 Thornton Palms Dr Tampa, FL 4
    • 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2006
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.03
    •  
  • 6531 Stonington Dr S Tampa, FL 5
    • 4 beds 4 baths ∙ 3,065 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,065 Sqft ∙ Built 1992
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Brigittia Nickel-long
1.813.393.7442
Florida Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276220
Last Updated: 11/14/2020
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