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4011 Fawn Cir Tampa, FL 33610

3 Beds 1 Baths 1,249 sqft Built 1960

$214,900

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $172.06
  • 3 Days on Market
  • MLS # : T3289674
  • Updated Date : 02/13/2021 at 15:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,249 sqft
  • Baths : 1 full
Listing Agent

Pineywoods Realty Llc

Listing Agent's Description

*Priced to Sell* Welcome home to one of east Tampa's most desirable and conveniently located neighborhoods! Homes this BEAUTIFULLY UPDATED rarely come available in this neighborhood, and this 3 bedroom home features everything you have been looking for! You will love the open living area with TONS of natural light, and bright and modern LUXURY WATERPROOF PLANK FLOORING. Gorgeous eat-in Kitchen features bright GRANITE countertops, beautiful ALL-WOOD shaker-style cabinets, and STAINLESS STEEL APPLIANCES. A large bonus living space makes a perfect room for family, games, pets, or office space. An open concept living room provides lots of comfortable space to relax. Outside you'll enjoy the Florida lifestyle while entertaining family and friends in your large fenced backyard. Three full bedrooms with plenty of closet space mean everyone has plenty of room to spread out. This home also features an INDOOR LAUNDRY SPACE, fresh landscape, new carpet, and paint. This beautiful home is conveniently located with easy access to I-75 and I-4. You can be downtown in Tampa in just minutes. Schedule your showing today, before this one is gone!

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 Lake - Orient Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: East Lake - Orient Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
Kenly Elementary School Primary Regular 528 51 2
Mann Middle School Middle Regular 1,096 68 3
Blake High School High Magnet 1,709 103 4

Kenly Elementary School

  • Education Level: Primary
  • # of students: 528
  • # of teachers: 51
2
GreatSchools Rating

Mann Middle School

  • Education Level: Middle
  • # of students: 1,096
  • # of teachers: 68
3
GreatSchools Rating

Blake High School

  • Education Level: High
  • # of students: 1,709
  • # of teachers: 103
4
GreatSchools Rating
 

$193,410$236,390$214,900

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$746
Property Tax -$264
Property Insurance -$103
Property Management Fees -$129
CASH FLOW
$27

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.

$214,900

PROJECTED PRICE

$1,270

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 12.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$746

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$16,876

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,308

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,2703$1,2994$1,3505$1,500
$1,500
RENT COMPS ANALYSIS
  • 4011 Fawn Cir Tampa, FL 2
    • 3 beds 1 baths ∙ 1,165 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,165 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $1.09
    •  
  • 3015 Gordon Ct Tampa, FL 1
    • 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1958
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.09
    •  
  • 3808 Beechwood Blvd Tampa, FL 3
    • 4 beds 2 baths ∙ 1,144 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,144 Sqft ∙ Built 1962
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $1.14
    •  
  • 3704 Meadowbreeze Dr Tampa, FL 4
    • 4 beds 2 baths ∙ 1,196 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,196 Sqft ∙ Built 1979
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.13
    •  
  • 7116 Kingsbury Cir Tampa, FL 5
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1965
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Stephen Scott Pa
1.813.688.0068
Pineywoods Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289674
Last Updated: 02/13/2021
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