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4116 Banbury Cir Parrish, FL 34219

4 Beds 2 Baths 1,586 sqft Built 2001

$264,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $167.02
  • 4 Days on Market
  • MLS # : A4487276
  • Updated Date : 01/01/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,586 sqft
  • Baths : 2 full
Listing Agent

Keller Williams On The Water

Listing Agent's Description

Updated Lakefront Home in Kingsfield! Welcome home to this fantastic 4 bedroom, 2 bathroom, lakefront beauty located in the coveted community of Kingsfield. This home features the popular St. James floorplan and offers the new owners peace of mind, as it has already been pre-inspected & all the necessary repairs made, making it truly move-in ready! This home also boasts newly installed carpet, fresh paint both interior and exterior, upgraded fans + fixtures, new stainless steel appliances and a brand new roof in Dec of 2019! Upon entry you will be delighted with the warm, natural light & a spacious open floor plan. The living room features a vaulted ceiling, lighted ceiling fan & ceramic tile flooring. Prepare a feast in the gourmet, eat-in kitchen made complete with recessed lighting, granite counters, closet pantry, new stainless appliances, upgraded wood cabinets, and breakfast bar & nook. Enjoy a feast in the formal dining room with a lighted ceiling fan, oversized window and tile flooring. The private master suite comes complete with a lighted ceiling fan, spacious walk in closet and brand new carpet flooring while the master bath boasts upgraded lighting, walk-in shower & tile flooring. This home also holds a flex space that can be used as a 4th bedroom or a private office/den. It features chandelier lighting, closet, oversized window & tile flooring. This home also boasts 2 additional bedrooms and an updated guest bathroom with shower/tub combo. Relax on the open paver patio while enjoying the serene lake view or host a cookout in the large back yard. In addition to the many wonderful qualities this home presents it is also in a great location. Kingsfield is a quiet, family oriented community located in Parrish. Close to great schools, dining, shopping, US-301 and I-75. Yet it’s perfectly tucked away from the hustle & bustle.

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: Kingsfield

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k409k

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

Neighborhood: Kingsfield

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001400160018002000220024002600Rent in $11112642

* 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

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$977
Property Tax -$270
Property Insurance -$133
HOA -$67
Property Management Fees -$129
CASH FLOW
$53

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

$1,630

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 9.8%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$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 45% 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

7.08

YEARS SAVED

$26,593

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,657

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6303$1,6654$1,6755$1,735
$1,735
RENT COMPS ANALYSIS
  • 4116 Banbury Cir Parrish, FL 2
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.03
    •  
  • 12014 Wallingford Way Parrish, FL 1
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 2001
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 11863 Dunster Ln Parrish, FL 3
    • 4 beds 2 baths ∙ 1,601 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,601 Sqft ∙ Built 2000
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $1.04
    •  
  • 11826 Colyar Ln Parrish, FL 4
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2000
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.04
    •  
  • 12025 Larson Ln Parrish, FL 5
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 2001
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $1.09
    •  
PROPERTY LISTING DETAILS
Ronald Pepka
1.941.877.1488
Keller Williams On The Water
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4487276
Last Updated: 01/01/2021
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