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16026 Bella Woods Dr Tampa, FL 33647

3 Beds 4 Baths 2,239 sqft Built 2013

INVESTimate

$349,000

List Price

$2,040

$1,836 - $2,244

Rent Est.

$360,098  ( +3.18%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2013
  • Price/Sqft : $155.87
  • 15 Days on Market
  • MLS # : T3258849
  • Updated Date : 08/25/2020 at 21:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,239 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Action First Of Florida

Listing Agent's Description

GORGEOUS 2 story Taylor Morrison home backs to an awesome premium conservation lot in GATED section of Tampa Palms. Features textured ceilings, alarm, extensive upgrades throughout. Paneled doors, vaulted ceilings, lush landscaping and so much more. Tuscany is a maintained, gated community that includes lawn care, pest control, weeding, edging and irrigation. This home features 3 bedroom, 3.5 bath plus loft and two car garage. Brick paver driveway and side walk lead up to a covered entry to the leaded glass front door. Step into the home and you are greeted by tile on first floor, decorative light hangs over entry way, alarm pad at entry and crown molding. Soaring 2 story ceiling and an open loft overlooking a great room open to the kitchen. 1/2 Bath on first floor, tiled, pedestal sink with decorative oval mirror and decorative lights over mirror. The Gourmet kitchen is open to the dining area, GORGEOUS dark cabinetry complimented by STAINLESS STEEL NEW APPLIANCES and GRANITE COUNTERS. Expansive great room providing the open floor plan many desire. Just off the great room you will find the master suite complete with walk in closets and en-suite bath. The master bath features dual sinks, granite countertops, and over-sized shower. As you head upstairs you will find two additional beds and baths as well as a loft. The second bedroom features an en-suite bath. Located on a private homesite with pond and conservation views.

SEE MORE

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: 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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,288
Property Tax -$428
Property Insurance -$166
HOA -$140
Property Management Fees -$80
CASH FLOW
-$61

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.

$349,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.18%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$22,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 16026 Bella Woods Dr Tampa,
    • 3 beds 4 baths ∙ 2,239 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,239 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Kelly Mosco
1.813.598.5747
Re/max Action First Of Florida
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3258849
Last Updated: 08/25/2020
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