Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

18003 Arbor Crest Dr Tampa, FL 33647

3 Beds 2 Baths 1,736 sqft Built 2002

$272,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $156.68
  • 3 Days on Market
  • MLS # : U8104209
  • Updated Date : 11/20/2020 at 12:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,736 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Welcome home to this private oasis, in an exclusive gated community, located within the heart of New Tampa. Imagine spending your days in this beautiful single-story home that boasts soaring ceilings, a grand entryway, and plenty of natural light. Walk through the front door and fall in love with the soaring cathedral ceilings as you venture inward into the family room, dining area and kitchen. The open, split floor plan allows for privacy. This move in ready home has 3-bedrooms, 2 baths and bonus room that you can use as an office, classroom or formal dining room; it has space for everybody to work or study from home without having to feel cramped. The kitchen features solid surface counters, stainless steel appliances and tons of cabinets for storage. This home was built for entertainment and privacy, as walk through the French doors to the fenced backyard and the rear of the home has mature landscaping for your own quiet Oasis from the world. Come, take a tour and see for yourself this gorgeous home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Arbor Green

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $85k523k

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

Neighborhood: Arbor Green

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
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
 

$244,800$299,200$272,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,004
Property Tax -$327
Property Insurance -$137
HOA -$6
Property Management Fees -$80
CASH FLOW
$117

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.

$272,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 2.8%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,830

INVESTMENT

$77,830

Down Payment
$68,000
Rehab Estimate
$5,750
Closing Costs
$4,080

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,000
Loan Amount $204,000
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$37,399

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,667

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,6753$1,6954$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 18003 Arbor Crest Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.96
    •  
  • 10111 Heather Sound Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 2004
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.97
    •  
  • 9330 Huntington Park Way Tampa, FL 3
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1997
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 9334 Huntington Park Way Tampa, FL 4
    • 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
    •  
  • 9323 Hunters Park Way Tampa, FL 5
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1996
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
PROPERTY LISTING DETAILS
Del De Leon
1.813.454.6923
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8104209
Last Updated: 11/20/2020
BESbswy