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19916 Satin Leaf Ave Tampa, FL 33647

3 Beds 3 Baths 1,900 sqft Built 2013

$270,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $142.11
  • 2 Days on Market
  • MLS # : T3279244
  • Updated Date : 12/05/2020 at 20:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,900 sqft
  • Baths : 2 full , 1 half
Listing Agent

Best Of The Bay Realty,inc.

Listing Agent's Description

Vacant and easy to show!! Fabulous home in the gated community of Live Oak Preserve in the heart of New Tampa! This lovely 3 bedroom 2 1/2 bath home has a large kitchen with 42" cabinets with crown molding, granite counter-tops, stainless steel appliances. Large master bedroom with tray ceiling and walk in closet, large master bath with double sinks and separate shower and tub. The community offers endless amenities such as a security, fitness center, a resort swimming pool, clubhouse with chip and putt golfing area, indoor billiards room, playground and tennis courts. Minutes to shopping, dining, and Interstate 75, this wonderful community is in the perfect location and has so much to offer. A MUST SEE! WON’T LAST! *** CDD annual fee of $961 is included in the taxes***

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Live Oak Preserve Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $85k490k

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

Neighborhood: Live Oak Preserve Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052179

* 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
Turner - Bartels K-8 School Primary Regular 1,811 123 6
Turner - Bartels K-8 School Middle Regular 1,811 123 6
Wharton High School High Regular 2,261 128 4

Turner - Bartels K-8 School

  • Education Level: Primary
  • # of students: 1,811
  • # of teachers: 123
6
GreatSchools Rating

Turner - Bartels K-8 School

  • Education Level: Middle
  • # of students: 1,811
  • # of teachers: 123
6
GreatSchools Rating

Wharton High School

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

$243,000$297,000$270,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$996
Property Tax -$332
Property Insurance -$146
HOA -$128
Property Management Fees -$129
CASH FLOW
$29

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.

$270,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.1%
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$800k$900k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$26,277

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,791

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,7604$1,7755$1,995
$1,995
RENT COMPS ANALYSIS
  • 19916 Satin Leaf Ave Tampa, FL 3
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.93
    •  
  • 18325 Brookpark Dr Tampa, FL 1
    • 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 1999
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 10227 Goldenbrook Way Tampa, FL 2
    • 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 2001
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 20177 Bay Cedar Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.92
    •  
  • 20023 Date Palm Way Tampa, FL 5
    • 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2014
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
PROPERTY LISTING DETAILS
By Blanke
1.813.985.6000
Best Of The Bay Realty,inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279244
Last Updated: 12/05/2020
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