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4221 Pine Meadow Dr Parrish, FL 34219

3 Beds 2 Baths 1,932 sqft Built 2016

$349,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $181.11
  • 2 Days on Market
  • MLS # : T3282579
  • Updated Date : 01/02/2021 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,932 sqft
  • Baths : 2 full
Listing Agent

Re/max Realty Unlimited

Listing Agent's Description

Be sure to watch the 3d Virtual Tour. Why buy new and WAIT when this like brand new home with upgrades is ready today? Currently the LARGEST single story home available for sale in Silverleaf at 1932sqft! This is a Gas Community which is a rarity; the stove, dryer and central heat are all gas appliances. 3 bedrooms + DEN, 2 full bathrooms with a 2-car with an extended garage that overlooks a beautiful pond view in the front of the home across the street (this means no neighbors in front of you!!). The open kitchen has pendant lights, laced tile back splash, large wooden cabinets, stainless steel appliances (with gas stove) and a LARGE kitchen island. The family room has extended tile and make sure to take a look at the enormous tray ceiling. Your master suite is HUMUNGUS and can hold almost any size furniture you bring along with you and the master bathroom has double vanities, walk in shower and dual walk in closets. The owners have installed ceiling fans in all of the rooms as well as blinds for the windows. They've already installed gutters and also screened the large lanai which is a great place to go and relax from the long day or to host your next gathering! Quick access to i75 as well as the new Fort Hammer Bridge connecting you easily to the Sarasota area if needed. Shopping can be found right down the street at the Ellenton Outlet Mall and restaurants are plentiful! Come take a tour of this home today and call your movers!

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

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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,291
Property Tax -$357
Property Insurance -$155
HOA -$91
Property Management Fees -$129
CASH FLOW
-$23

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.

$349,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.57%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$25,200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,009

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7453$1,9904$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 4221 Pine Meadow Dr Parrish, FL 4
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 11780 Shirburn Cir Parrish, FL 1
    • 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1999
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 4003 Kingsfield Dr Parrish, FL 2
    • 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
    •  
  • 10937 Blue Magnolia Ln Parrish, FL 3
    • 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
    •  
  • 4305 Magnolia Blossom Dr Parrish, FL 5
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2015
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.13
    •  
PROPERTY LISTING DETAILS
Geno Stopowenko
1.813.684.0016
Re/max Realty Unlimited
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282579
Last Updated: 01/02/2021
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