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4124 Malickson Dr Parrish, FL 34219

3 Beds 2 Baths 1,306 sqft Built 2001

INVESTimate

$229,900

List Price

$1,420

$1,278 - $1,562

Rent Est.

$252,545  ( +9.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $176.03
  • 5 Days on Market
  • MLS # : A4476095
  • Updated Date : 08/24/2020 at 18:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,306 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Great location, just off Ft Hamer Road. This 3 bedroom 2 bath with an attached 2 car garage has a split bedroom plan with the open kitchen great room. There is also has a nice glass/ screen Lanai off the great room . No carpet just tile and wood laminate floors throughout the home. Kitchen has a great breakfast bar and a separate dining space with a nice big pantry closet. Appliances are only 2 yrs old (2018). The A/C was replaced in 2016. Fenced in backyard with 2 patio areas one to enjoy an outdoor firepit the other to setup your grill. Low HOA and no CDD. There is a community pool and playground. Make your appointment to see this home today!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 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
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$848
Property Tax -$235
Property Insurance -$116
HOA -$67
Property Management Fees -$80
CASH FLOW
$75

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.

$229,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 9.85%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$25,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,430

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,6953$1,6954$1,7355$1,735
$1,735
RENT COMPS ANALYSIS
  • 4124 Malickson Dr Parrish, 1
    • 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.09
    •  
  • 5511 119th Ter E Parrish, 2
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2008
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.13
    •  
  • 4010 Banbury Cir Parrish, 3
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1999
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.07
    •  
  • 12025 Larson Ln Parrish, 4
    • 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
    •  
  • 4226 Berkeley Dr Parrish, 5
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 2001
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $1.09
    •  
PROPERTY LISTING DETAILS
Nancy Wilk
1.813.334.0224
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4476095
Last Updated: 08/24/2020
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