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16601 Ashwood Dr Tampa, FL 33624

3 Beds 2 Baths 2,369 sqft Built 1981

$379,900

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $160.36
  • 2 Days on Market
  • MLS # : T3273962
  • Updated Date : 11/03/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,369 sqft
  • Baths : 2 full
Listing Agent

Century 21 Link Realty, Inc.

Listing Agent's Description

Nature lovers will enjoy this 3 bedroom with office Northdale pool home on huge conservation homesite! Newly remodeled kitchen with plenty of custom cabinets, subway tile backsplash, soft close drawers, and quartz countertops! LG stainless smudge-proof appliances and wine refrigerator. Cozy family room has wood burning fireplace with plenty of built in seating. Split bedroom plan with pocketed door to secondary bedrooms. All bedrooms have walk in closets! Guest pool bath was totally updated in 2014! Huge bonus room with great view of the wooded backyard and pool. Lots of entertaining space around the pool! Laundry room has build in cabinets and sink. Newer porcelain plank tile in foyer, formal dining room, and kitchen. New weathertite windows in 2014, dimensional shingle roof in 2014, new soffits in 2017! The Northdale community has plenty to do within 10 minutes from this beautiful home - golf and tennis club, YMCA, Claywell Elementary, and the Northdale Recreation Center. The Center features a playground with splash pad, soccer field, basketball courts, and tennis courts. Not to mention the Northdale Trailhead at the end of the street- a very peaceful walk thru water and woods. Many shopping centers and a long list of restaurants to choose from within minutes.

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: Northdale Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Northdale Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052101

* 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
Claywell Elementary School Primary Regular 781 60 6
Hill Middle School Middle Regular 870 52 6
Gaither High School High Regular 2,090 117 5

Claywell Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 60
6
GreatSchools Rating

Hill Middle School

  • Education Level: Middle
  • # of students: 870
  • # of teachers: 52
6
GreatSchools Rating

Gaither High School

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

$341,910$417,890$379,900

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,402
Property Tax -$467
Property Insurance -$173
Property Management Fees -$80
CASH FLOW
$148

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.

$379,900

PROJECTED PRICE

$2,270

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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$1.4M

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$51,012

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,448

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,2704$2,355
$2,355
RENT COMPS ANALYSIS
  • 16601 Ashwood Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 2,369 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,369 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.96
    •  
  • 15026 Southfork Dr Tampa, FL 1
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1985
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 4210 Grainary Ave Tampa, FL 2
    • 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 1981
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
  • 4403 Willowrun Ln Tampa, FL 4
    • 4 beds 2 baths ∙ 2,133 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,133 Sqft ∙ Built 1978
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,355
    • $1.10
    •  
PROPERTY LISTING DETAILS
Kelly Abraham
1.813.684.0036
Century 21 Link Realty, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273962
Last Updated: 11/03/2020
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