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18805 Forest Glen Ct Tampa, FL 33647

3 Beds 2 Baths 1,775 sqft Built 1997

$299,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $168.45
  • 4 Days on Market
  • MLS # : T3287368
  • Updated Date : 01/29/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,775 sqft
  • Baths : 2 full
Listing Agent

Century 21 Beggins Enterprises

Listing Agent's Description

Welcome to your beautiful pool home in the very desirable community of Pebble Creek. This 3 bedroom/2 bath/2 car garage home features a split bedroom floor plan. When you walk through the front door, you will notice two living areas with a formal dining area, family room with a fireplace and a breakfast nook area. Both living areas have sliders that give tons of natural light and lead out to your screened and heated pool / sauna. The covered patio is perfect for entertaining family and friends. Enjoy a BBQ or just relax in your outdoor living space, including a yard that has plenty of room for gardening. The master bedroom features 2 closets, a bathroom with a double vanity, a large garden tub with a separate shower and separate water closet. The range, hot water heater and pool use gas to help save on your electric bill. The community has mature landscaping and multiple ponds throughout that make a great place to enjoy nature with a leisurely walk or a run. Pebble Creek community with low HOA fees offers a community center with a pool, parks, restaurant, tennis courts, golf course, ball fields, playgrounds, and more. It is conveniently located off of I-75 in the heart of New Tampa, near shopping and restaurants, making your commute to downtown Tampa, MacDill AFB, and the beaches a snap, MAKE THIS YOUR HOME TODAY!

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: Pebble Creek Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Pebble Creek Village

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
Bartels Middle School Middle Regular NA
Wharton High School High Regular 2,261 128 4
Wharton High School High Unknown NA

Bartels Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wharton High School

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

Wharton High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,039
Property Tax -$381
Property Insurance -$139
HOA -$50
Property Management Fees -$129
CASH FLOW
-$27

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.

$299,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.0%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$19,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6003$1,6494$1,7105$1,750
$1,750
RENT COMPS ANALYSIS
  • 18805 Forest Glen Ct Tampa, FL 4
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.96
    •  
  • 18013 Palm Breeze Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1994
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
  • 18330 Cypress Stand Cir Tampa, FL 2
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1989
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 9118 Pebble Creek Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1978
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.86
    •  
  • 9107 Cypresswood Cir Tampa, FL 5
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1979
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
PROPERTY LISTING DETAILS
Darbie Pfeiffer
1.813.679.2266
Century 21 Beggins Enterprises
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287368
Last Updated: 01/29/2021
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