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17559 Buckingham Garden Dr Lithia, FL 33547

4 Beds 3 Baths 2,400 sqft Built 2017

$410,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $170.83
  • 21 Days on Market
  • MLS # : T3292756
  • Updated Date : 03/20/2021 at 09:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,400 sqft
  • Baths : 3 full
Listing Agent

Century 21 Affiliated

Listing Agent's Description

PRICE REDUCED. Fantastic Opportunity to own this IMMACULATE and WELL MAINTAINED 4 BEDROOM, 3 BATH home with a DEN and LARGE LANAI overlooking a LARGE CONSERVATION AREA. As you enter into this home, you are greeted by a long hall with a view through the GREAT OPEN FLOOR PLAN to the LANAI and OUTSIDE. You will find a SPACIOUS BEDROOM and FULL BATH located off the entry which is perfect for separation and privacy. Further down the hall you will find a separate DEN/STUDY with FRENCH DOORS. Continue down the hall to the LARGE KITCHEN, DINING AREA and GREAT ROOM. There is BEAUTIFUL LAMINATE FLOORING throughout the main areas. The LARGE KITCHEN features 42 INCH CABINETS with CROWN MOLDING, GRANITE COUNTER TOPS, a BUTLER'S PANTRY, LARGE WALK-IN PANTRY, a GAS RANGE and HIGH END APPLIANCES. The SPACIOUS ISLAND is OPEN to the DINING AREA and LARGE GREAT ROOM. The SLIDERS feature a POCKET OPENING which allows for GREAT ENTERTAINING and FAMILY TIME and BRINGS THE OUTSIDE IN! The Master Bedroom is located off of the FAMILY ROOM and the LARGE WINDOWS overlook the lanai and conservation area. The MASTER BATH features a LARGE FRAMELESS SHOWER, LARGE SOAKING TUB, HIS and HER SINKS and access to the LARGE WALK-IN CLOSET. The LAUNDRY ROOM then leads to a hall where you will find TWO BEDROOMS which share a FULL BATH. UPGRADES include 4 ADDED CAN LIGHTS in the FAMILY ROOM, DEN and MASTER SUITE, SURROUND SOUND SPEAKERS and WIRING in the GREAT ROOM, TRAY CEILING in the MASTER SUITE, GRANITE COUNTERS in all of the bathrooms, Aquios Duo Plus WATER FILTRATION SYSTEM with WATER SOFTENER, RACHIO WIRELESS IRRIGATION SYSTEM, TANKLESS HOT WATER HEATER, PRE-PLUMBING for a SINK in the GARAGE, PRE-WIRING with CABLE and INTERNET CONNECTIONS and GAS HOOK UP on the LANAI, EPOXY GARAGE FLOORING, WIRELESS SECURITY SYSTEM with 4 CAMERAS with more PRE-WIRING to ADD MORE CAMERAS, IN-WALL PEST CONTROL, VINYL FENCED BACKYARD with VINYL FENCING at the HVAC CONDENSER to reduce noise, OVERSIZED DRIVEWAY all on a 60 FOOT LOT. Seller also pays quarterly for termite treatment. This COMMUNITY has a LOW HOA, NO CDD FEE and is a SHORT WALK TO one of the two COMMUNITY POOLS and has the HIGHEST RATED SCHOOLS in the county! This 4 YEAR OLD HOME is a MUST SEE!

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MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 33547

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $91k400k

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

Zip Code: 33547

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9052339

* 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
Barrington Middle School Middle Regular 1,227 70 6
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

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
 

$369,000$451,000$410,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,424
Property Tax -$693
Property Insurance -$176
HOA -$104
Property Management Fees -$129
CASH FLOW
-$206

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.

$410,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,316

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,3004$2,3205$2,350
$2,350
RENT COMPS ANALYSIS
  • 17559 Buckingham Garden Dr Lithia, FL 4
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.97
    •  
  • 17421 Chelsea Downs Cir Lithia, FL 1
    • 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 2012
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 16412 Bridgewalk Dr Lithia, FL 2
    • 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
  • 11010 Wembley Landing Dr Lithia, FL 3
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2011
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 11406 Thames Fare Way Lithia, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Amy Kozelka
1.813.624.3325
Century 21 Affiliated
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292756
Last Updated: 03/20/2021
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