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16145 Sandcrest Way Tampa, FL 33618

3 Beds 2 Baths 1,440 sqft Built 1978

$269,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $187.43
  • 4 Days on Market
  • MLS # : T3277792
  • Updated Date : 11/27/2020 at 12:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,440 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

BEAUTIFUL WATERFRONT FRONT POOL HOME in the heart of Tampa! This gorgeous energy efficient home features 3 bedrooms and 2 bathrooms, as you enter this home you will find beautiful Luxury Vinyl stain and water resistant floors, a spacious living room and dining room, a stunning WOOD PANEL DECORATIE WALL, this home was fully remodeled just 3 years ago and a NEW AC was installed then. it offers a split floorplan, master bedroom and bath are a pretty good size, enjoy a very nice kitchen with WOOD CABINETS and GRANITE COUNTER TOPS, kitchen offers an eating area that leads to the amazing back yard with a HUGE POOL and lots of room for entertaining friends and family as you enjoy the water views of the lake, some of the most recent upgrades are a high efficiency water heater, Honeywell thermostat that can be controlled from an app, a shed in the backyard, ceiling fans in every room, SOLAR PANELS, recessed lighting in the living room, high efficiency pool pump, double oven range and Bosch dishwasher, solid wood cabinets/shelving in the very spacious pantry, keyless lock pad on front door, this home has it all! Close to everything, restaurants, parks and the Tampa International Airport. Don't miss it, this one won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Northlakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $81k238k

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

Neighborhood: Northlakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781613

* 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
Maniscalco Elementary School Primary Regular 524 45 7
Buchanan Middle School Middle Regular 743 53 3
Gaither High School High Regular 2,090 117 5

Maniscalco Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 45
7
GreatSchools Rating

Buchanan Middle School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 53
3
GreatSchools Rating

Gaither High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 117
5
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$996
Property Tax -$332
Property Insurance -$119
Property Management Fees -$80
CASH FLOW
$13

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.

$269,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$24,511

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,537

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,5404$1,5825$1,599
$1,599
RENT COMPS ANALYSIS
  • 16145 Sandcrest Way Tampa, FL 3
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.07
    •  
  • 16106 Sagebrush Rd Tampa, FL 1
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1978
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.99
    •  
  • 3219 Laurel Dale Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1983
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.08
    •  
  • 2814 Cedaridge Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1981
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,582
    • $1.06
    •  
  • 16012 Ballica Dr Tampa, FL 5
    • 3 beds 3 baths ∙ 1,407 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,407 Sqft ∙ Built 1981
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.14
    •  
PROPERTY LISTING DETAILS
Kirsis Schlechty
1.813.787.9322
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277792
Last Updated: 11/27/2020
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