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3345 Foxridge Cir Tampa, FL 33618

3 Beds 2 Baths 1,843 sqft Built 1981

$350,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $189.91
  • 3 Days on Market
  • MLS # : T3277134
  • Updated Date : 11/20/2020 at 21:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,843 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome to your own outdoor oasis! This spacious 3-bedroom, 2-bath, split-level, pool home is perfect for the family and entertaining. Upon entering the home, you are greeted with beautiful wood floors that span the home and tons of natural lighting. The Master Suite features a walk-in closet with built-ins, a masterfully remodeled en suite bathroom with marbled tile walls, a spacious glass shower with a rainfall showerhead, modern dual vanities, and natural lighting from the skylight. The guest bath has also been remodeled with subway tiles, marble vanity, and penny tile floors. The living room features vaulted ceilings, a built-in closet system, a wood-burning fireplace, and gorgeous views of the backyard utopia. The kitchen offers stone counters and tile floors. Stepping out to the large, covered lanai it features travertine stones for the deck, bar seating around the kitchen window, a newly re-screened and re-painted pool cage, and a stunning, heated, saltwater pool. Exploring outside the lanai, you will be treated to a brown river rock and paver walkway leading you to the recently added fire pit perfect for those cool fall nights. Come and experience all of the fine details this home has to offer. Other updates to the home: New A/C in 2019 and updated plumbing.

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

Neighborhood: Hunter Lake

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $85k427k

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

Neighborhood: Hunter Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9052215

* 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
Lake Magdalene Elementary School Primary Regular 865 67 5
Adams Middle School Middle Regular 1,017 75 2
Chamberlain High School High Regular 1,772 98 4

Lake Magdalene Elementary School

  • Education Level: Primary
  • # of students: 865
  • # of teachers: 67
5
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,017
  • # of teachers: 75
2
GreatSchools Rating

Chamberlain High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,291
Property Tax -$430
Property Insurance -$143
HOA -$3
Property Management Fees -$80
CASH FLOW
-$67

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.

$350,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.54%

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$1.2M

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$23,909

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,944

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,8804$1,9005$2,095
$2,095
RENT COMPS ANALYSIS
  • 3345 Foxridge Cir Tampa, FL 3
    • 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.02
    •  
  • 4002 Alexander Palm Ct Tampa, FL 1
    • 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 4007 Alexander Palm Ct Tampa, FL 2
    • 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
  • 4008 Palmetto Palm Ct Tampa, FL 4
    • 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 2001
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.10
    •  
  • 3329 Foxridge Cir Tampa, FL 5
    • 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 1982 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 1982
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.03
    •  
PROPERTY LISTING DETAILS
Josh Fabelo
1.813.956.3025
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277134
Last Updated: 11/20/2020
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