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3432 Kearsney Abbey Cir Dover, FL 33527

4 Beds 2 Baths 1,936 sqft Built 2018

$267,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $138.38
  • 2 Days on Market
  • MLS # : O5911447
  • Updated Date : 12/13/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,936 sqft
  • Baths : 2 full
Listing Agent

Rubio Realty Investments Llc

Listing Agent's Description

Well maintained single-family home in Gated Community / Low HOA Fee's / No CDD! This beautiful one story 1,936 sq. ft. home built in 2018 offers an open concept, four bedrooms, two bathrooms, and a two car garage. The master bedroom is a spacious room with a large walk-in closet and a large master bath featuring double sinks. The home features a 25 cu ft. side by side refrigerator with in- door water and ice dispenser, electric range, built-in dishwasher and built-in microwave, 36” kitchen cabinets with raised panel doors. Within the home you will also find ceramic tile floors in foyer, hallway, kitchen, extended living areas, laundry room and all baths. Home also includes designer blinds, washer, dryer, 15 SEER high-efficiency heating and air conditioning system, Nest smart thermostat, Ring doorbell camera, and 2 Ring outdoor cameras. The lot backs up to a conservation, giving the home privacy with no rear neighbors. Any family can relax outdoors in the 432 sq. ft. screened-in covered lanai, which is pefect for entertaining. The location of the home provides easy access to I-75, I-4, the Selmon Expressway and State Road 60. The community is a quick trip to many schools, Brandon Town Center Mall, downtown Tampa, MacDill Air Force Base, Westshore District and Tampa International Airport.

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: East County Civic Group

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: East County Civic Group

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Nelson Elementary School Primary Regular 838 60 5
Mulrennan Middle School Middle Regular 1,133 71 6
Durant High School High Regular 2,303 117 5

Nelson Elementary School

  • Education Level: Primary
  • # of students: 838
  • # of teachers: 60
5
GreatSchools Rating

Mulrennan Middle School

  • Education Level: Middle
  • # of students: 1,133
  • # of teachers: 71
6
GreatSchools Rating

Durant High School

  • Education Level: High
  • # of students: 2,303
  • # of teachers: 117
5
GreatSchools Rating
 

$241,110$294,690$267,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$988
Property Tax -$347
Property Insurance -$149
HOA -$72
Property Management Fees -$129
CASH FLOW
-$75

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.

$267,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,744

INVESTMENT

$76,744

Down Payment
$66,975
Rehab Estimate
$5,750
Closing Costs
$4,019

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$988

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,975
Loan Amount $200,925
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$15,986

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,718

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6103$1,6504$1,6655$1,800
$1,800
RENT COMPS ANALYSIS
  • 3432 Kearsney Abbey Cir Dover, FL 2
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.83
    •  
  • 735 Grand Canyon Dr Valrico, FL 1
    • 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 2001
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 3506 Kearsney Abbey Cir Dover, FL 3
    • 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 2017
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 4726 Copper Canyon Blvd Valrico, FL 4
    • 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 2001
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.91
    •  
  • 211 English Channel Pl Dover, FL 5
    • 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 2018
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
PROPERTY LISTING DETAILS
Bryan Rubio
1.321.695.9168
Rubio Realty Investments Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911447
Last Updated: 12/13/2020
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