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17441 New Cross Cir Lithia, FL 33547

4 Beds 4 Baths 2,654 sqft Built 2010

$375,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $141.30
  • 2 Days on Market
  • MLS # : T3289684
  • Updated Date : 02/13/2021 at 14:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,654 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty S.shore

Listing Agent's Description

Look no further; it's the one you've been waiting for! This beautiful home is situated on an oversized, premium waterfront lot in Channing Park. Impeccably maintained, one owner home has an inviting floorplan including formal dining, downstairs master suite and loft flex space. The expansive ceiling and plentiful windows give the living areas an open, airy feel. The adjoining kitchen boasts white shaker style cabinets, pantry and GE Cafe' stainless steel appliances including 5 burner gas stove. Abundant seating is available in the dining nook and the breakfast bar. This home is perfect for entertaining and enjoying the Florida weather! Open the sliders and extend the living area onto the 400 sq ft screened lanai. Experience stunning wildlife in your own backyard - hawks, deer, ducks, cormorant and even the occasional bald eagle. Imagine spending your evenings having dinner on the lanai, watching the birds come home to roost. The master bedroom has a nice view of the pond. It offers two closets and a spacious bathroom with dual sinks, soaking tub and separate shower. The secondary bedrooms are upstairs. One is a potential in-law suite with attached bathroom shared with the den. The den/office could also make a 5th bedroom if needed. Spacious loft can serve many functions - playroom, recreation room, office - your choice! Front loading washer and dryer included. A/Cs, Ecosense thermostats, water heater and refrigerator replaced in 2019-2020. Check out the awesome community amenities! Something for everyone - resort style pool, spa, recreation center, basketball and more. Low CDD fee - mainenance only. "A" rated schools and... we have a winner!

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: 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
Stowers Elementary School Primary Regular 923 66 9
Barrington Middle School Middle Regular 1,227 70 6
Newsome High School High Regular 2,469 125 9

Stowers Elementary School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 66
9
GreatSchools Rating

Barrington Middle School

  • Education Level: Middle
  • # of students: 1,227
  • # of teachers: 70
6
GreatSchools Rating

Newsome High School

  • Education Level: High
  • # of students: 2,469
  • # of teachers: 125
9
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,303
Property Tax -$634
Property Insurance -$191
HOA -$118
Property Management Fees -$129
CASH FLOW
-$34

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.

$375,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.62%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$21,403

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,322

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,3404$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 17441 New Cross Cir Lithia, FL 3
    • 4 beds 4 baths ∙ 2,654 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,654 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.88
    •  
  • 6224 Bridgevista Dr Lithia, FL 1
    • 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2005
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 16213 Bridgewalk Dr Lithia, FL 2
    • 4 beds 4 baths ∙ 2,547 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,547 Sqft ∙ Built 2006
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 11406 Thames Fare Way Lithia, FL 4
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2014
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.95
    •  
  • 6025 Churchside Dr Lithia, FL 5
    • 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2006
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
PROPERTY LISTING DETAILS
Chris Shalosky
1.813.857.6973
Keller Williams Realty S.shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289684
Last Updated: 02/13/2021
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