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

18080 Arbor Crest Dr Tampa, FL 33647

3 Beds 2 Baths 1,735 sqft Built 2003

$269,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $155.04
  • 5 Days on Market
  • MLS # : G5039040
  • Updated Date : 02/27/2021 at 20:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,735 sqft
  • Baths : 2 full
Listing Agent

Olympus Executive Realty Inc

Listing Agent's Description

Move in ready home in exclusive gated community, located in the center of New Tampa and just minutes away from Highway access and Downtown Tampa. This 3 bedroom, 2 bath and 2 car garage home is located in the back of the neighborhood with no through traffic and just across from a private park with playground. A/C has just been professionally serviced and main parts have been replaced. All new fans in the bedrooms, new Microwave in the kitchen and new Garage door motor have been installed. Flooring throughout the whole house is tile. Low HOA fees and CDD included in Taxes make this a very affordable neighborhood. The gated community offers pool, fitness room, tennis courts and playgrounds and miles of walking trails. Enjoy the tranquility of this secluded community but at the same time be everywhere in Tampa in very short time. Plenty of shopping and Restaurants are just minutes away. Call your Realtor today to see your future home.

SEE MORE

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

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
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$934
Property Tax -$455
Property Insurance -$136
HOA -$6
Property Management Fees -$129
CASH FLOW
-$30

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.

$269,000

PROJECTED PRICE

$1,630

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$15,890

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,635

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,630
1$1,6302$1,6953$1,7954$1,8505$1,995
$1,995
RENT COMPS ANALYSIS
  • 18080 Arbor Crest Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.94
    •  
  • 9330 Huntington Park Way Tampa, FL 2
    • 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
    •  
  • 9323 Hunters Park Way Tampa, FL 3
    • 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
    •  
  • 18054 Arbor Crest Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
  • 18015 Arbor Crest Dr Tampa, FL 5
    • 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2002
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
PROPERTY LISTING DETAILS
Reto Badraun, Pa
1.727.657.0551
Olympus Executive Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: G5039040
Last Updated: 02/27/2021
BESbswy