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16342 Bridgeglade Ln Lithia, FL 33547

4 Beds 3 Baths 2,020 sqft Built 2005

$309,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $153.42
  • 2 Days on Market
  • MLS # : T3273880
  • Updated Date : 11/02/2020 at 12:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,020 sqft
  • Baths : 3 full
Listing Agent

Signature Realty Associates

Listing Agent's Description

Sitting on a Large Corner Lot in Fishhawk Ranch Phase II. This home is that open One Story plan you’ve been looking for! Boasting 4 True bedrooms, 3 full baths, and a Screened in Lanai. This home offers a large kitchen with lots of cabinets, granite tops, built in desk and breakfast nook. The kitchen overlooks a spacious family room with sliders to the screened/covered patio. This plan also features high ceilings and a separate dining room. Your master bedroom is secluded at the rear of the home for privacy and the other three bedrooms in this split plan are all generously sized. Plenty of space in your Backyard for BBQ’s and Get Togethers! Fishhawk Ranch is Hillsborough’s#1 Resort Style Community with Top Rated Schools, world class amenities, including Park Square functions, four pools, water slide, fitness centers, tennis courts, ball fields, Sports Complex and miles and miles of hiking/biking trails. Advancing the ideal of New Urbanism in a unique small town setting. Military folks can take the Hartline Bus to MacDill AFB! Minutes to Tampa, Gulf Beaches and the Magic of Orlando Attractions. Call Today to Schedule Your Private Tour.

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
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,143
Property Tax -$524
Property Insurance -$154
HOA -$4
Property Management Fees -$80
CASH FLOW
-$135

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.

$309,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.57%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$12,826

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,944

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,7753$1,9954$2,0505$2,050
$2,050
RENT COMPS ANALYSIS
  • 16342 Bridgeglade Ln Lithia, FL 1
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.88
    •  
  • 6520 Bridgecrest Dr Lithia, FL 2
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2005
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.93
    •  
  • 6433 Bridgecrest Dr Lithia, FL 3
    • 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 2005
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
  • 6522 Bridgecrest Dr Lithia, FL 4
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2005
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.94
    •  
  • 6366 Bridgecrest Dr Lithia, FL 5
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.97
    •  
PROPERTY LISTING DETAILS
George Shea
1.813.541.2390
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273880
Last Updated: 11/02/2020
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