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20605 Whitebud Ct Tampa, FL 33647

5 Beds 3 Baths 2,975 sqft Built 2006

$349,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $117.31
  • 6 Days on Market
  • MLS # : T3294274
  • Updated Date : 03/12/2021 at 19:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,975 sqft
  • Baths : 3 full
Listing Agent

Pinnacle Realty Group

Listing Agent's Description

This home is very well maintained, spacious, 2-story, 5-Bedroom, 3-bathroom, 3-car garage on a conservation lot. It is perfect for a large family that loves to entertain. No rear neighbors. Very private lot. With a guest bedroom or office and a full bathroom on the first floor, this beautiful Florida home has no carpet and features flexible space with 2 living areas, a formal dining room, and a well laid out kitchen with breakfast bar and island - plenty of space to prepare meals for large gatherings. The kitchen has a gas range, maple cabinets, upgraded appliances and a nook, and extends to sliding doors with easy access to the nice covered lanai with private conservation views in the backyard. The second floor offers a master suite with a large full bath, double sinks and a walk-in closet as well as 3 additional large bedrooms and another full bath with double sinks. Live Oak is walking distance to all public schools. This 24-hour guard-gated community features a clubhouse with fitness center, resort style pool, splash pad, tennis courts and much more. And, it is located a short driving distance to USF, VA Florida Hospital, Wiregrass and Premium Outlet Malls, and ever growing Wesley Chapel area.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion 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
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
 

$314,100$383,900$349,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,212
Property Tax -$502
Property Insurance -$208
HOA -$110
Property Management Fees -$129
CASH FLOW
$118

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.

$349,000

PROJECTED PRICE

$2,280

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$35,069

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,261

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,280
1$2,2802$2,2953$2,3004$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 20605 Whitebud Ct Tampa, FL 1
    • 5 beds 3 baths ∙ 2,975 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,975 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.77
    •  
  • 20146 Oakflower Ave Tampa, FL 2
    • 6 beds 3 baths ∙ 3,138 Sqft ∙ Built 2010 6 beds 3 baths ∙ 3,138 Sqft ∙ Built 2010
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.73
    •  
  • 20321 Merry Oak Ave Tampa, FL 3
    • 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 2006
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.74
    •  
  • 9514 Snowberry Way Tampa, FL 4
    • 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2006
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.74
    •  
  • 20301 Autumn Fern Ave Tampa, FL 5
    • 5 beds 3 baths ∙ 3,024 Sqft ∙ Built 2012 5 beds 3 baths ∙ 3,024 Sqft ∙ Built 2012
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
PROPERTY LISTING DETAILS
Ameer Lakhani
1.727.776.6200
Pinnacle Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3294274
Last Updated: 03/12/2021
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