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16234 Bridgewalk Dr Lithia, FL 33547

4 Beds 3 Baths 2,022 sqft Built 2006

INVESTimate

$299,900

List Price

$1,890

$1,701 - $2,079

Rent Est.

$309,977  ( +3.36%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $148.32
  • 9 Days on Market
  • MLS # : O5885942
  • Updated Date : 08/20/2020 at 20:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,022 sqft
  • Baths : 2 full , 1 half
Listing Agent

Property Logic Re

Listing Agent's Description

Situated on a charming tree lined street in the Fishhawk Garden District this 4 bedroom 2.5 bathroom home will be sure to make you smile. The first floor features tile and wood laminate flooring, a large family room, den/study, laundry room, 1/2 bath and kitchen with granite countertops, 42" cabinets, gas range, center island, and walk-in pantry. Upstairs, you'll find the master suite with the 3 additional bedrooms and two full bathrooms. The master is highlighted with a walk-in closet, double vanity, garden tub and separate shower. Out back, you'll find a detached two car garage that's accessed via private alley. Centrally located, this home is within close distance to Park Square shops, restaurants, aquatic center and Fishhawk Creek Elementary

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: 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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,107
Property Tax -$507
Property Insurance -$154
HOA -$8
Property Management Fees -$80
CASH FLOW
$35

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.

$299,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 3.36%
Maintenance Year (1-5) 8.00%
Vacancy 5.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$28,549

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,002

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,9003$1,9454$2,1455$2,195
$2,195
RENT COMPS ANALYSIS
  • 16234 Bridgewalk Dr Lithia, 1
    • 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.93
    •  
  • 16219 Bridgecrossing Dr Lithia, 2
    • 3 beds 3 baths ∙ 2,022 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,022 Sqft ∙ Built 2005
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 5942 Beaconpark St Lithia, 3
    • 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2006
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.96
    •  
  • 16304 Bridgelawn Ave Lithia, 4
    • 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.97
    •  
  • 16104 Bridgewalk Dr Lithia, 5
    • 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2006
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.09
    •  
PROPERTY LISTING DETAILS
Mark D'italia
1.321.303.8219
Property Logic Re
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5885942
Last Updated: 08/20/2020
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