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18002 Misty Blue Ln Tampa, FL 33647

3 Beds 2 Baths 1,630 sqft Built 1999

$299,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $183.99
  • 2 Days on Market
  • MLS # : O5922036
  • Updated Date : 02/06/2021 at 12:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,630 sqft
  • Baths : 2 full
Listing Agent

Realty Hub

Listing Agent's Description

This Beautiful home features so many builder's upgrades you would think it was built as a model home. located in New Tampa on a pond. directly across from Hunter's Green Elementary, Benito Middle School, and Hillsborough County's "New Tampa" Public Library. Just around the corner from New Tampa Little League Baseball Facility. Close to everything New Tampa and Wesley Chapel have to offer... the best location in Tampa Bay. Features: Hardwood floors in the living room, dining room and family room; ceramic tile in the foyer, the kitchen, both bathrooms and the utility room: crown molding in the living room, dining room, family room , custom paint throughout; ceiling fans in living room and all bedrooms with light kits on owner's suite and guest bedroom fans; granite countertops in kitchen; maple kitchen cabinets with 42" uppers finished with crown molding and roll outs in the bottom cabinet; stainless appliances; glass tile backsplash; phone and television jacks in all bedrooms; upgraded light fixtures, upgraded plumbing fixtures, marble counter tops in the bathroom; factory tinted exterior windows; covered lanai plumbed with gas and water lines, wired with cable and electric lines. New Roof, New Garage Door opener, the AC unit has a UV system that kills Mold, Bacteria and viruses! This Beautiful Home will not last! Schedule your showing Now !

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: Misty Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $85k366k

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

Neighborhood: Misty Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052064

* 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
Hunter's Green Elementary School Primary Regular 856 66 3
Benito Middle School Middle Regular 1,053 63 7
Wharton High School High Regular 2,261 128 4

Hunter's Green Elementary School

  • Education Level: Primary
  • # of students: 856
  • # of teachers: 66
3
GreatSchools Rating

Benito Middle School

  • Education Level: Middle
  • # of students: 1,053
  • # of teachers: 63
7
GreatSchools Rating

Wharton High School

  • Education Level: High
  • # of students: 2,261
  • # of teachers: 128
4
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,042
Property Tax -$369
Property Insurance -$130
HOA -$53
Property Management Fees -$129
CASH FLOW
-$83

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.

$299,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.4%
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-$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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$14,658

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,646

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6953$1,7004$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 18002 Misty Blue Ln Tampa, FL 1
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.01
    •  
  • 9307 Huntington Park Way Tampa, FL 2
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1997
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.02
    •  
  • 9732 Cypress Shadow Ave Tampa, FL 3
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1987
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.03
    •  
  • 18111 Palm Breeze Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1995
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 9334 Huntington Park Way Tampa, FL 5
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1996
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
PROPERTY LISTING DETAILS
Albert Vargas
1.813.431.9208
Realty Hub
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5922036
Last Updated: 02/06/2021
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