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20201 Still Wind Dr Tampa, FL 33647

4 Beds 3 Baths 2,563 sqft Built 2007

$337,500

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $131.68
  • 3 Days on Market
  • MLS # : T3286465
  • Updated Date : 01/23/2021 at 07:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,563 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bright Realty Group Llc

Listing Agent's Description

Moving in Ready! Over sized corner lot with 4 bedroom, 2.5 bathrooms, one loft and 2 car garage two story single family house located in Easton Park community. Enter this home to a large dining room to afford the most lavish dinner parties. The kitchen has a large island, plenty of cabinet space and a closet pantry. The large kitchen has brand new granite countertops, backsplash, 42” cabinets with crown molding and new LED ceiling lights; Fresh painting for the whole house interior wall and exterior wall was painted in 2017. The AC and water heater were replaced in 2018 (new AC brand is Carrier), stainless wirlpool fridge and dishwasher were replaced last year. The house has bright lights, all tile floors in living room, dinning room and family room on first floor. Layout includes separate living and dining room combination with kitchen and family room combination. Second floor includes all 4 bedrooms with 2 baths and open loft flex space with new waterproof vinyl floor. Huge step down master bedroom. Master bath has dual sinks, garden tub and separate shower. Brand new wood stairs in the house and master bedroom, brand new vanity lights, faucets and shower heads in master bathroom and small bathroom. The HOA fee include basic package of internet and cable. Great schools and great community: The community Easton Park offers a community pool, covered playground, beautiful green space with picnic areas, jogging and walking trails for the entire family to enjoy. Convenient to all: I75 and I 275, USF, H.Lee Moffit Cancer Center, Wiregrass Mall, hospital, shopping center and outlet Mall. House is VACANT and easy to show. over-sized corner lot. Enter this home to a large dining room to afford the most lavish dinner parties. The kitchen has a large island, plenty of cabinet space and a closet pantry.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 33647

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

Zip Code: 33647

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052057

* 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
 

$303,750$371,250$337,500

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,172
Property Tax -$406
Property Insurance -$184
HOA -$137
Property Management Fees -$129
CASH FLOW
$1

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.

$337,500

PROJECTED PRICE

$2,030

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.5%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,188

INVESTMENT

$95,188

Down Payment
$84,375
Rehab Estimate
$5,750
Closing Costs
$5,063

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,172

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,375
Loan Amount $253,125
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$23,575

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,025

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9953$2,0304$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 20201 Still Wind Dr Tampa, FL 3
    • 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.79
    •  
  • 10812 Breaking Rocks Dr Tampa, FL 1
    • 4 beds 2 baths ∙ 2,408 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,408 Sqft ∙ Built 2008
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.79
    •  
  • 10724 Pictorial Park Dr Tampa, FL 2
    • 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2011
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
  • 10716 Pictorial Park Dr Tampa, FL 4
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2013
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 31249 Anniston Dr Wesley Chapel, FL 5
    • 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2006
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
PROPERTY LISTING DETAILS
Yuhong Wang
1.813.480.0140
Bright Realty Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286465
Last Updated: 01/23/2021
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