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4308 Noble Pl Parrish, FL 34219

3 Beds 3 Baths 2,409 sqft Built 2003

$300,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $124.53
  • 4 Days on Market
  • MLS # : A4483576
  • Updated Date : 11/19/2020 at 13:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,409 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Classic Group

Listing Agent's Description

One or more photo(s) has been virtually staged. Rarely available 3 bedroom plus den, 2.5 bathroom single family home with a 3 car garage on a large corner lot! The interior features an open concept layout with volume ceilings, crown molding, ceiling fans, laminate flooring and tile throughout (no carpet!). The kitchen boasts granite counters, an island breakfast bar, ample cabinet space plus a pantry, a skylight which provides lots of natural light, a large eat-in area, and opens to the family room for easy entertaining. There is also a formal living room and dining room to accommodate sit-down gatherings. The spacious master suite can easily accommodate a king size bed and features 2 closets and an en-suite bathroom with dual sinks, a walk-in shower and soaking tub. Two additional generously sized bedrooms share an adjacent full bathroom, and a den provides the perfect spot for a home office or used as a 4th bedroom if needed. Enjoy relaxing and entertaining on the screened lanai which looks out over the large fenced backyard. The possibilities are endless with the backyard space and the opportunity to customize the outdoor retreat of your dreams with room for a pool! The community of Kingsfield Lakes features a community pool and playground, with no CDD fees and low HOA fees. This home is minutes from an abundance of shopping and dining including the popular Ellenton Outlet Mall, Detwiler's Farm Market, a short ride to Lakewood Ranch via Ft. Hamer Bridge and offers easy access to I-75, St. Pete, Tampa, Bradenton and award winning Gulf Coast beaches! *Ask your Realtor® how you can “walk” this property using our Interactive 3D Showcase.*

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,107
Property Tax -$321
Property Insurance -$184
HOA -$67
Property Management Fees -$80
CASH FLOW
$131

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.

$300,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.63%

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$0.0$5.0k$10k$15k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$37,877

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,903

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7503$1,8004$1,8905$1,895
$1,895
RENT COMPS ANALYSIS
  • 4308 Noble Pl Parrish, FL 4
    • 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.78
    •  
  • 12104 Warwick Cir Parrish, FL 1
    • 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 2002
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.77
    •  
  • 3517 Wilderness Blvd W Parrish, FL 2
    • 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
    •  
  • 12160 Warwick Cir Parrish, FL 3
    • 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 2002
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 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
Toni Zarghami
1.941.404.9845
Keller Williams Classic Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4483576
Last Updated: 11/19/2020
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