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18036 Birdwater Dr Tampa, FL 33647

3 Beds 2 Baths 1,258 sqft Built 2000

$215,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $170.91
  • 6 Days on Market
  • MLS # : T3292456
  • Updated Date : 02/27/2021 at 12:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,258 sqft
  • Baths : 2 full
Listing Agent

Re/max Premier Group

Listing Agent's Description

WOW....this is the home you have been searching for. Located in the PRIDE ELEMENTARY school zone this 3 bedroom 2 bath home is a gem with a fenced in yard and new roof you'll be proud to call this house your home. As you walk in you'll fall in love with the large open space of the living room/ dining, with beautiful ceramic tile, high ceilings and a lot of natural light from the large windows. Straight back is the eat-in kitchen with stainless steal appliances, a lot of counter space and cabinets, and a nice size pantry. From the Kitchen is sliding glass doors leading out to the patio and fenced in back yard. The homes backyard faces west, so you will enjoy beautiful sunsets. The master suite is very spacious, with a large walk in closet, and a masterbath. This home features a split floor plan so the master is separated from the other 2 bedrooms for privacy. The other two bedrooms are a good size and share a hall bath. Located right across the street from the neighborhood park and playground, the location is ideal. Very low HOA and no CDD makes this home even more desirable. Centrally located and Close to great schools, shopping, hospitals and the interstate.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)

PRICE & RENT TRENDS

Neighborhood: Cross Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $85k370k

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

Neighborhood: Cross Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052039

* 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
Pride Elementary School Primary Regular 922 65 8
Benito Middle School Middle Regular 1,053 63 7
Wharton High School High Regular 2,261 128 4

Pride Elementary School

  • Education Level: Primary
  • # of students: 922
  • # of teachers: 65
8
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
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$747
Property Tax -$264
Property Insurance -$109
HOA -$23
Property Management Fees -$129
CASH FLOW
$48

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.

$215,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.4%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$20,557

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,313

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,4503$1,4754$1,545
$1,545
RENT COMPS ANALYSIS
  • 18036 Birdwater Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.05
    •  
  • 18241 Portside St Tampa, FL 2
    • 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 2004
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 10439 Lucaya Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2004
    property image
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.05
    •  
  • 18009 Birdwater Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 2002
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.03
    •  
PROPERTY LISTING DETAILS
Stacey Handman
1.813.929.7600
Re/max Premier Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292456
Last Updated: 02/27/2021
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