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18160 Canal Pointe St Tampa, FL 33647

3 Beds 2 Baths 1,280 sqft Built 2003

$229,990

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $179.68
  • 3 Days on Market
  • MLS # : T3278062
  • Updated Date : 11/28/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,280 sqft
  • Baths : 2 full
Listing Agent

Pineywoods Realty Llc

Listing Agent's Description

You just found your new HOME! This charming NEWLY updated 3 bedroom 2 bath home is exactly what you’ve been waiting for in the sought after community of Heritage Isles. Nestled under a canopy of trees with an open backyard, paver patio, and pond. The perfect setup for entertaining in the winter or summer months. Admire the freshly painted exterior and interior as you walk-in and instantly fall in love with the newly installed tile plank floors that display all the natural light the home offers. Feast your eyes on the NEWLY REMODELED KITCHEN it is stunning and will take your breath away!!!Boasting brand new shaker cabinets with crown molding, subway tile backsplash, newer stainless-steel appliances, built-In server cabinet, pendants over the bar with stone accent, recess lighting, drop down faucet with farmhouse sink, and pristine granite countertops. The master bedroom is tucked away to the right of kitchen so enjoy your split plan as the other 2 bedrooms are located at the front of the house. The master is spacious and bright with the new tile floors throughout, walk-in closet, and private access door to the backyard. This resort-style community has an 18-hole golf course, multifunctional clubhouse that overlooks a lap pool, a second pool with waterslide & splash pad, fitness center, tennis courts, volleyball, basketball and so much more! Great location just minutes from top rated schools, eateries, shops, and major interstate systems. Schedule your private showing today! This will go quickly!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Heritage Isles

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k353k

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

Neighborhood: Heritage Isles

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Heritage Elementary School Primary Regular 657 51 4
Benito Middle School Middle Regular 1,053 63 7
Wharton High School High Regular 2,261 128 4

Heritage Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 51
4
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
 

$206,991$252,989$229,990

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$849
Property Tax -$354
Property Insurance -$110
HOA -$3
Property Management Fees -$80
CASH FLOW
-$56

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.

$229,990

PROJECTED PRICE

$1,340

PROJECTED RENT

0.58%

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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$66,697

INVESTMENT

$66,697

Down Payment
$57,498
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,498
Loan Amount $172,493
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,018

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,338

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,4503$1,4754$1,4755$1,550
$1,550
RENT COMPS ANALYSIS
  • 18160 Canal Pointe St Tampa, FL 1
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $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
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 18132 Portside St Tampa, FL 3
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2003
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.03
    •  
  • 10439 Lucaya Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2004
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.05
    •  
  • 18104 Canal Pointe St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2000
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
PROPERTY LISTING DETAILS
Janna Cantero
1.813.225.1890
Pineywoods Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278062
Last Updated: 11/28/2020
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