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2453 E Del Webb Blvd Sun City Center, FL 33573

3 Beds 3 Baths 2,371 sqft Built 1997

$275,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $115.98
  • 5 Days on Market
  • MLS # : T3294343
  • Updated Date : 03/11/2021 at 10:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,371 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty S.shore

Listing Agent's Description

This attractive home with spacious rooms and abundance of storage is ready for immediate occupancy! The light and bright kitchen features a built-in oven and microwave, island cook top, plus many cabinets with 2 pantries that gives you plenty of room to store and keep things tidy. Great home to entertain with a sizeable breakfast room for informal gatherings and candlelight suppers perfect in the charming dining area. The roomy master area has 2 walk-in closets and private bath with dual sinks, garden tub and separate shower. Easy care hardwood floors in the great room, dining area, master bedroom, Florida room and upstairs. The 2nd floor loft with half bath has multiple use, 3rd bedroom, office, man cave, or hobby room. The screened balcony is a welcoming place to relax and enjoy the outdoors. Sun City Center is the #1 active lifestyle, adult retirement community in Florida. For just $304/person/per year, you can drive your golf cart to enjoy all the amenities of Sun City Center, including indoor and outdoor swimming pools, a large fitness center, 10 har-tru tennis courts, 2 dog parks, horseshoes, pickle ball, lawn bowling, softball for men and women, woodcarving, and 200 clubs of all types such as travel, gardening, ceramics, computer, bridge, poker, writing, big band, chorus, jazz, 10 dance clubs, a theater group, a library, and a volunteer Security Patrol. One-time Capital Funding Fee of $2,100 for new residents, paid @ Closing. Welcome to Paradise!

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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: Caloosa Woods

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280kPrice in $55k291k

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

Neighborhood: Caloosa Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7391591

* 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
Cypress Creek Elementary School Primary Regular 649 60 2
Shields Middle School Middle Regular 1,474 99 2
Lennard High School High Regular 1,976 114 4

Cypress Creek Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 60
2
GreatSchools Rating

Shields Middle School

  • Education Level: Middle
  • # of students: 1,474
  • # of teachers: 99
2
GreatSchools Rating

Lennard High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 114
4
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$955
Property Tax -$349
Property Insurance -$174
HOA -$110
Property Management Fees -$129
CASH FLOW
$92

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.

$275,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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$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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$25,148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,926

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,810
1$1,8102$1,9003$1,9504$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 2453 E Del Webb Blvd Sun City Center, FL 1
    • 3 beds 3 baths ∙ 2,371 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,371 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.76
    •  
  • 4954 Sapphire Sound Dr Wimauma, FL 2
    • 3 beds 3 baths ∙ 2,510 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,510 Sqft ∙ Built 2009
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
  • 10027 Geese Trail Cir Sun City Center, FL 3
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2017
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
  • 4978 Sapphire Sound Dr Wimauma, FL 4
    • 3 beds 3 baths ∙ 2,490 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,490 Sqft ∙ Built 2011
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 5024 Stone Harbor Cir Wimauma, FL 5
    • 3 beds 3 baths ∙ 2,479 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,479 Sqft ∙ Built 2015
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
PROPERTY LISTING DETAILS
Nicki Kaukonen
1.813.260.0325
Keller Williams Realty S.shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3294343
Last Updated: 03/11/2021
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