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2695 Storybrook Preserve Dr Odessa, FL 33556

5 Beds 3 Baths 2,934 sqft Built 2019

INVESTimate

$404,900

List Price

$2,780

$2,530 - $3,030

Rent Est.

$423,363  ( +4.56%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $138.00
  • 6 Days on Market
  • MLS # : T3260135
  • Updated Date : 08/21/2020 at 10:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,934 sqft
  • Baths : 3 full
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

DON'T WAIT TO BUILD! MUST SEE SPECTACULAR Brand New DR Horton - Hemingway model - sitting on a private deep wooded conservation lot with fabulous views of nature! The open floor plan is complete with 5 Bedrooms - 3 Full Bathrooms - Office/Flex room - Bonus Room - Great Room - Dining Area - Kitchen - total of 2,934 sq feet. The upgrades are amazing! A cooks delight with the kitchen having 42" oak wood cabinets with crown molding trimming at the top - top of the line stainless steel appliances - granite counter-tops - stainless steel skin - cabinets galore - walk-in shelved pantry. A great butler area for the wine cooler and adult beverages. The openness of the kitchen with large breakfast bar, great room and dining are make entertaining a delight! Great room with 3 picture windows with conservation scenery. Guest suite is downstairs - bathroom having a large walk-in shower. The master suite is upstairs with large walk-in closet - bathroom with double sink vanity - garden tub and large walk-in shower. On the opposite side of the upstairs are the three large guest bedrooms with guest bath having double sink vanity and separate area with tub/shower and lavatory. All windows are double pane with wood blinds. Large utility room with laundry sink and drying racks located on the second level! An enormous Bonus Room with spacious walk-in closet! The Bonus Room is a great place for the kids to play - art room - library - exercise room - man cave - theater room - large enough to just about anything you want! The home has many hidden features - Smart Home complete with all electronic wiring! The home comes complete with a 10 year roof warranty and structural warranty. Hurricane Shutters - concrete block top to floor and reclaimed water for irrigation! The Preserve is an amazing community in the best of school district - easy access to major roadways SR 54 and the Suncoast Parkway - Community Amenities include: 2 pools - nature trails - fitness center - biking trails - 2 sport fields - you will never want to leave home! Located within minutes of the sandy white beaches of the Gulf Coast - Tampa Premium outlet mall - Wiregrass Mall - essential shopping NEW Publix Greenwise almost ready to open - dining - Tampa International Airport - Downtown Tampa and so much more. Come visit and enjoy the experience!

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

Zip Code: 33556

ZipNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k463k

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

Zip Code: 33556

ZipNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052535

* 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
Odessa Elementary School Primary Regular 836 56 8
Seven Springs Middle School Middle Regular 1,442 88 9
James W. Mitchell High School High Regular 1,892 117 7

Odessa Elementary School

  • Education Level: Primary
  • # of students: 836
  • # of teachers: 56
8
GreatSchools Rating

Seven Springs Middle School

  • Education Level: Middle
  • # of students: 1,442
  • # of teachers: 88
9
GreatSchools Rating

James W. Mitchell High School

  • Education Level: High
  • # of students: 1,892
  • # of teachers: 117
7
GreatSchools Rating
 

$364,410$445,390$404,900

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$1,494
Property Tax -$458
Property Insurance -$207
HOA -$56
Property Management Fees -$80
CASH FLOW
$485

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$404,900

PROJECTED PRICE

$2,780

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.56%
Maintenance Year (1-5) 3.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,299

INVESTMENT

$109,299

Down Payment
$101,225
Rehab Estimate
$2,000
Closing Costs
$6,074

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,225
Loan Amount $303,675
See What Happens When You Reinvest Cash Flow

12.83

YEARS SAVED

$99,226

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,758

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7803$2,8954$3,200
$3,200
RENT COMPS ANALYSIS
  • 2695 Storybrook Preserve Dr Odessa, 2
    • 5 beds 3 baths ∙ 2,934 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,934 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $0.95
    •  
  • 3959 Broad Porch Run Land O Lakes, 1
    • 4 beds 4 baths ∙ 2,994 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,994 Sqft ∙ Built 2017
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.87
    •  
  • 3957 Epic Cv Land O Lakes, 3
    • 4 beds 4 baths ∙ 3,102 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,102 Sqft ∙ Built 2018
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.93
    •  
  • 1548 Lake Polo Dr Odessa, 4
    • 5 beds 3 baths ∙ 3,148 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,148 Sqft ∙ Built 2007
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.02
    •  
PROPERTY LISTING DETAILS
Tammy Waugh, Pa
1.813.404.1533
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260135
Last Updated: 08/21/2020
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