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3309 El Amador Ct Tampa, FL 33614

5 Beds 5 Baths 2,572 sqft Built 1977

$379,950

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $147.73
  • 5 Days on Market
  • MLS # : T3277672
  • Updated Date : 11/25/2020 at 15:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,572 sqft
  • Baths : 3 full , 2 half
Listing Agent

Better Homes & Gardens Re

Listing Agent's Description

Updated home is centrally located in popular Tampa community! So much to offer from the dual sided fireplace, private sundeck overlooking caged pool. If you need a large yard, this is one of the biggest you will find in this price point! Granate counters in updated kitchen complete with stainless steel appliances. Master bedroom is upstairs with shower and tub. Small downstairs bedroom has a 1/2 bath. Bonus room, located on a quiet cut-de-sac. Plantations shutters and all the quality upgrades your buyers are looking for! Easy to show but call or text listing agent to schedule appointment or use Showing Time.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lago Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $85k383k

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

Neighborhood: Lago Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8781983

* 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
Crestwood Elementary School Primary Regular 901 67 3
Memorial Middle School Middle Regular 654 50 2
Chamberlain High School High Regular 1,772 98 4

Crestwood Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 67
3
GreatSchools Rating

Memorial Middle School

  • Education Level: Middle
  • # of students: 654
  • # of teachers: 50
2
GreatSchools Rating

Chamberlain High School

  • Education Level: High
  • # of students: 1,772
  • # of teachers: 98
4
GreatSchools Rating
 

$341,955$417,945$379,950

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,402
Property Tax -$467
Property Insurance -$185
HOA -$2
Property Management Fees -$80
CASH FLOW
$294

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.

$379,950

PROJECTED PRICE

$2,430

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$106,437

INVESTMENT

$106,437

Down Payment
$94,988
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,988
Loan Amount $284,963
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$66,067

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,924

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,430
1$2,4302$2,4993$3,0004$3,195
$3,195
RENT COMPS ANALYSIS
  • 3309 El Amador Ct Tampa, FL 1
    • 5 beds 5 baths ∙ 2,572 Sqft ∙ Built 1977 5 beds 5 baths ∙ 2,572 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.94
    •  
  • 2810 Linthicum Pl Tampa, FL 2
    • 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1965
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $1.07
    •  
  • 2816 Safe Harbor Dr Tampa, FL 3
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1995
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.09
    •  
  • 10406 Reclinata Ln Tampa, FL 4
    • 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1976
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.25
    •  
PROPERTY LISTING DETAILS
Alyssa Herbig
1.813.217.1565
Better Homes & Gardens Re
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277672
Last Updated: 11/25/2020
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