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4306 Douglas Hill Pl Parrish, FL 34219

4 Beds 3 Baths 2,409 sqft Built 2003

$329,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $136.94
  • 4 Days on Market
  • MLS # : T3275889
  • Updated Date : 11/13/2020 at 09:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,409 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Living Casa Fina Realty

Listing Agent's Description

Don't miss your chance to own the most desirable floor plan in Kings field lakes. Sitting in a cul-de-sac just two houses away from the club house and pool. This meticulously maintained home has a brand new roof as well as fresh paint. The air handler was replaced and the garage has industrial shelves and flooring. The home is also equipped with a full sprinkler system for the front and backyard. The backyard patio is also enclosed in a lanai. Complete 4 foot height vinyl white fenced back yard. Concrete textured Patio 20 x 30 with full aluminum screened cage. Doggy Door to back yard. Covered lanai 12 x 20. Electrical Hot Tub ready connections. Electrical outlets to backyard foliage. Custom Concrete curbing front and back. New Roof 2020. New Bryant Energy-efficient Air Conditioner 2019. New Exterior Paint 2018. Newly trimmed Palm and Oak trees. GARAGE: Attic full 3/4 inch plywood flooring. Flooring industrial grade wax vinyl tile. Industrial grade metal shelving. Over garage door storage. INTERIOR: Crown molding to main living area. 6 inch baseboard. 1500 square feet Mannington floor revolution planks. 750 square feet of 16 x 16 Ocra Ceramic tile. Corion counter tops. Very desirable location for families. Schedule your private showing today!

SEE MORE

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: Kingsfield Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k342k

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

Neighborhood: Kingsfield Lakes

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000Rent in $11792041

* 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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,217
Property Tax -$337
Property Insurance -$184
HOA -$65
Property Management Fees -$80
CASH FLOW
-$103

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.

$329,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
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-$4.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,747

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6753$1,7504$1,7805$1,895
$1,895
RENT COMPS ANALYSIS
  • 4306 Douglas Hill Pl Parrish, FL 4
    • 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.74
    •  
  • 11569 E 57th Street Cir Parrish, FL 1
    • 3 beds 2 baths ∙ 2,297 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,297 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
  • 3305 Little Country Rd Parrish, FL 2
    • 3 beds 3 baths ∙ 2,498 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,498 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.67
    •  
  • 3517 Wilderness Blvd W Parrish, FL 3
    • 3 beds 2 baths ∙ 2,472 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,472 Sqft ∙ Built 1989
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.71
    •  
  • 11405 Summit Rock Ct Parrish, FL 5
    • 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2004
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.82
    •  
PROPERTY LISTING DETAILS
Christophe Duchateau
1.941.993.7232
Real Living Casa Fina Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275889
Last Updated: 11/13/2020
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