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4215 Cartnal Ave Tampa, FL 33618

4 Beds 3 Baths 2,228 sqft Built 1980

$399,995

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $179.53
  • 6 Days on Market
  • MLS # : T3275486
  • Updated Date : 11/14/2020 at 20:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,228 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homeriver Group

Listing Agent's Description

Beautiful POOL home in the Village South with a large fenced in yard. 4 bedroom 2.5 bath 2-story home at 2228 square feet on a cul-de-sac street. Newer carpet & newer interior paint! Formal Living Room & a Formal Dining Room. Kitchen/Family Room combination with a center island with wooden cabinets, lots of counter top space, closet pantry, appliances & tile floors. Large Master Bedroom with a walk-in closet. Double sinks/vanities with tub/shower combination in Master Bath. Nicely sized bedrooms with ceiling fans & ample closet space. 2 car garage with automatic opener, irrigation system on reclaimed water, utility area in garage with a washer/dryer hook up & HUGE fenced yard. The pool is gigantic with brick pavers on the deck and a screened in pool cage. Lots of mature landscaping with oak trees, palm trees and more! Close to schools, restaurants, shopping & highways. Easy commuting to downtown Tampa, Tampa International Airport, Westshore Financial District, St Pete & Clearwater. This home is a must see!

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Carrollwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $85k382k

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

Neighborhood: Carrollwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9052651

* 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
Carrollwood Elementary School Primary Regular 796 63 6
Adams Middle School Middle Regular 1,017 75 2
Chamberlain High School High Regular 1,772 98 4

Carrollwood Elementary School

  • Education Level: Primary
  • # of students: 796
  • # of teachers: 63
6
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,017
  • # of teachers: 75
2
GreatSchools Rating

Chamberlain High School

  • Education Level: High
  • # of students: 1,772
  • # of teachers: 98
4
GreatSchools Rating
 

$359,996$439,995$399,995

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,476
Property Tax -$492
Property Insurance -$165
HOA -$25
Property Management Fees -$80
CASH FLOW
-$98

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.

$399,995

PROJECTED PRICE

$2,140

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.3%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,749

INVESTMENT

$111,749

Down Payment
$99,999
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,999
Loan Amount $299,996
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$25,020

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,183

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,860
1$1,8602$1,8903$1,9504$2,1405$2,300
$2,300
RENT COMPS ANALYSIS
  • 4215 Cartnal Ave Tampa, FL 4
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.96
    •  
  • 4012 Hudson Ter Tampa, FL 1
    • 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 1989
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.97
    •  
  • 13614 Clubside Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 1982
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.89
    •  
  • 12620 Catamaran Pl Tampa, FL 3
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 1979
    property image
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 11304 Carrollwood West Pl Tampa, FL 5
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1990
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.10
    •  
PROPERTY LISTING DETAILS
Marc Compton
1.813.600.5090
Homeriver Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275486
Last Updated: 11/14/2020
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