Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3915 Cottage Hill Ave Parrish, FL 34219

3 Beds 3 Baths 1,680 sqft Built 2017

$264,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $157.68
  • 1 Days on Market
  • MLS # : A4482676
  • Updated Date : 11/03/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,680 sqft
  • Baths : 2 full , 1 half
Listing Agent

Quartz Coast Realty Inc

Listing Agent's Description

One or more photo(s) has been virtually staged. Spotless, 3 years young, two-story cottage home in Parrish Florida's Silverleaf community! Maintenance-free. Loaded with upgrades: granite kitchen countertops, stainless appliances, cabinetry, upper level covered balcony, covered front porch entry. Open floor plan and 8'8" ceilings first floor, 8' ceilings second floor. Island kitchen with breakfast bar opens to living and dining rooms. 5' X 3' alcove off kitchen ideal for study nook, artist's lair, flex office, or pet den. Oversized ceramic tile throughout first floor. Bedrooms, steps, and upstairs hall are carpeted. Master bath has vaulted ceilings, walk-in closet, door to balcony, and master bath with walk-in shower. Bedrooms 2 and 3 have a Jack and Jill bath with tub and shower. Courtyard-style back yard with two car garage. Storm shutters included. Silverleaf is a newer community of approximately 400 homes and offers two dog parks, walking trails, fitness center, basketball, community pool, spa, playground, community center, BBQ pavilion, cornhole area, Harmony Park outdoor musical instruments, and a huge field with two soccer goals. Parrish Florida is a sweet spot in Manatee County between Tampa/St Pete/Clearwater to Sarasota/Venice/North Port. Nearest airports are TPA, SRQ, PIE, PGD, and RSW. It is a couple hours from Disney, a few hours from Miami, and a tankful from the Florida Keys and Panhandle.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 34219

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $120k409k

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

Zip Code: 34219

ZipNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000210022002300240025002600Rent in $11862642

* 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
Williams Elementary School Primary Regular 911 52 6
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Williams Elementary School

  • Education Level: Primary
  • # of students: 911
  • # of teachers: 52
6
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$977
Property Tax -$281
Property Insurance -$139
HOA -$35
Property Management Fees -$80
CASH FLOW
$208

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$264,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
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$16k$18k

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$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$44,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,793

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7203$1,7454$1,9005$1,990
$1,990
RENT COMPS ANALYSIS
  • 3915 Cottage Hill Ave Parrish, FL 2
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.02
    •  
  • 11739 Shirburn Cir Parrish, FL 1
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1999
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 4003 Kingsfield Dr Parrish, FL 3
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2002
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.97
    •  
  • 3848 Shimmering Oaks Dr Parrish, FL 4
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 2015
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.12
    •  
  • 10937 Blue Magnolia Ln Parrish, FL 5
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 2016
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.12
    •  
PROPERTY LISTING DETAILS
Kim Jatich
1.941.504.3874
Quartz Coast Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4482676
Last Updated: 11/03/2020
BESbswy