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16102 Bridgedale Dr Lithia, FL 33547

5 Beds 3 Baths 2,693 sqft Built 2006

$400,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $148.53
  • 7 Days on Market
  • MLS # : T3284375
  • Updated Date : 01/13/2021 at 09:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,693 sqft
  • Baths : 3 full
Listing Agent

Jeffrey Gould Real Estate Llc

Listing Agent's Description

Highly sought-after FISHHAWK RANCH - BRAND NEW ROOF / CORNER LOT / 5 BED / 3 BA / 3 CAR GARAGE / HOME OFFICE / HUGE COVERED LANAI! Come see this wonderful home located in the Heart of Fishhawk Ranch Phase II. This great home is located near the Aquatic Club, Park Square, and FishHawk Creek Elementary School. A sprawling floorplan boasting just under 2700 square feet with 5 Bedrooms, Home Office, 3 Full Baths, 3 Car Garage, Huge Covered Lanai, Large Rooms, a Corner Lot, and so Much More. Great curb appeal and nicely manicured landscaping greet your arrival. Enter through double doors into a foyer where your eyes get drawn to the open space, high ceilings, and gorgeous engineered wood floors. A spacious home office is located to your left as you enter. Continue through and explore this wonderfully designed floorplan featuring 4 bedrooms on the first floor and a 5th bedroom on the second floor. New home features a Brand New Roof, New Exterior Paint, New Interior Paint, New Carpeting, and New Hot Water Heater. FishHawk Ranch is Hillsborough’s #1 selling Community that is highly sought-after for its A-rated schools, beautiful tree-lined roads, and amazing amenities. This Resort Style / Master Planned community offers multiple pools, movie theater, fitness centers, dog parks, over 25 miles of nature trails for walking & biking, tennis club, basketball, softball, roller hockey, skate park, FishHawk Sports Complex, playgrounds, plus the sought after TOP -Rated schools! Minutes from Orlando attractions, MacDill AFB, and World Class Beaches! Call today and schedule a private tour Today!

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: Fishhawk

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k481k

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

Neighborhood: Fishhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9052692

* 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
Fishhawk Creek Elementary School Primary Regular 990 70 9
Randall Middle School Middle Regular 1,345 76 9
Newsome High School High Regular 2,469 125 9

Fishhawk Creek Elementary School

  • Education Level: Primary
  • # of students: 990
  • # of teachers: 70
9
GreatSchools Rating

Randall Middle School

  • Education Level: Middle
  • # of students: 1,345
  • # of teachers: 76
9
GreatSchools Rating

Newsome High School

  • Education Level: High
  • # of students: 2,469
  • # of teachers: 125
9
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,389
Property Tax -$676
Property Insurance -$193
HOA -$5
Property Management Fees -$129
CASH FLOW
$18

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$400,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.57%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$28,918

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,356

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,4004$2,4105$2,425
$2,425
RENT COMPS ANALYSIS
  • 16102 Bridgedale Dr Lithia, FL 4
    • 5 beds 3 baths ∙ 2,693 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,693 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.89
    •  
  • 6224 Bridgevista Dr Lithia, FL 1
    • 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2005
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 16213 Bridgewalk Dr Lithia, FL 2
    • 4 beds 4 baths ∙ 2,547 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,547 Sqft ∙ Built 2006
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 6025 Churchside Dr Lithia, FL 3
    • 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2006
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
  • 6056 Fishhawk Crossing Blvd Lithia, FL 5
    • 4 beds 4 baths ∙ 2,544 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,544 Sqft ∙ Built 2013
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jeffrey Gould
1.813.421.3007
Jeffrey Gould Real Estate Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284375
Last Updated: 01/13/2021
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