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1734 Citron Ct Trinity, FL 34655

4 Beds 2 Baths 1,828 sqft Built 1998

$300,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $164.11
  • 5 Days on Market
  • MLS # : U8103258
  • Updated Date : 11/02/2020 at 20:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,828 sqft
  • Baths : 2 full
Listing Agent

Coastal Properties Group

Listing Agent's Description

Great location...4 bedroom/2 full bath/2 car garage...pool home located in the gated community of Fox Wood of Trinity. The interior features an open floor plan, 3-way split bedroom, ceramic tile flooring throughout, high ceilings with no popcorn, updated fixtures, recessed lighting and an inside laundry room with GE/white washer/dryer. The kitchen is open to the family room with a breakfast bar, closet pantry, newer white GE microwave, garbage disposal and faucet; refrigerator and a white GE GAS range. The master bedroom is spacious (fits a king size bed) and features an ensuite bath with a garden tub, separate shower, dual sink vanity and walk-in closet. Ceiling fans in all bedrooms. 4th bedroom is currently being used as a craft room. Community Park on the right after the gated entrance. Close to fitness trails for exercising. Items that don't convey: refrigerator in garage and silver rack shelving. Property has natural gas. Seller in the process of installing a new mailbox and BRAND NEW ROOF.

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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: Fox Wood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k374k

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

Neighborhood: Fox Wood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9052251

* 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
Trinity Elementary School Primary Regular 580 38 9
Seven Springs Middle School Middle Regular 1,442 88 9
James W. Mitchell High School High Regular 1,892 117 7

Trinity Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 38
9
GreatSchools Rating

Seven Springs Middle School

  • Education Level: Middle
  • # of students: 1,442
  • # of teachers: 88
9
GreatSchools Rating

James W. Mitchell High School

  • Education Level: High
  • # of students: 1,892
  • # of teachers: 117
7
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,107
Property Tax -$333
Property Insurance -$143
HOA -$108
Property Management Fees -$80
CASH FLOW
$19

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.

$300,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

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 $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$27,933

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,791

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,8003$1,8504$1,9005$1,975
$1,975
RENT COMPS ANALYSIS
  • 1734 Citron Ct Trinity, FL 1
    • 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.98
    •  
  • 1815 Roseroot Ct Trinity, FL 2
    • 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2002
    property image
    LEASED 12/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 10727 Eveningwood Ct Trinity, FL 3
    • 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2001
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 10715 Northridge Ct Trinity, FL 4
    • 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2002
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 10547 Peppergrass Ct Trinity, FL 5
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2001
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.92
    •  
PROPERTY LISTING DETAILS
Katie Gawel
1.813.966.7397
Coastal Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103258
Last Updated: 11/02/2020
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