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436 Centerwood Dr Tarpon Springs, FL 34688

4 Beds 3 Baths 2,718 sqft Built 1990

$478,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $175.86
  • 8 Days on Market
  • MLS # : T3281495
  • Updated Date : 12/23/2020 at 17:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,718 sqft
  • Baths : 2 full , 1 half
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Immaculate custom home in beautiful quiet neighborhood Beautifully appointed throughout. mature landscaping and oversized rooms throughout , Large beautiful pool -conservation behind insuring privacy ,beautiful custom fireplace ,gourmet chefs kitchen ,home is well maintained and move in ready , new water heater numerous window treatments and built-ins Come sit on your beautiful screened lanai and watch deer wander in the evenings grab this one before it disappears!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Woodfield

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k407k

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

Neighborhood: Woodfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052441

* 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
Brooker Creek Elementary School Primary Regular 507 35 8
Tarpon Springs Middle School Middle Regular 873 46 4
East Lake High School High Regular 2,091 103 8

Brooker Creek Elementary School

  • Education Level: Primary
  • # of students: 507
  • # of teachers: 35
8
GreatSchools Rating

Tarpon Springs Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 46
4
GreatSchools Rating

East Lake High School

  • Education Level: High
  • # of students: 2,091
  • # of teachers: 103
8
GreatSchools Rating
 

$430,200$525,800$478,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,764
Property Tax -$595
Property Insurance -$195
HOA -$37
Property Management Fees -$129
CASH FLOW
-$209

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.

$478,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.3%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,420

INVESTMENT

$132,420

Down Payment
$119,500
Rehab Estimate
$5,750
Closing Costs
$7,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,764

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,500
Loan Amount $358,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$22,156

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,378

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,425
1$2,4252$2,5103$2,850
$2,850
RENT COMPS ANALYSIS
  • 436 Centerwood Dr Tarpon Springs, FL 2
    • 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.92
    •  
  • 437 Waterford Cir E Tarpon Springs, FL 1
    • 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 1989
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $0.79
    •  
  • 3815 Louis Cir Tarpon Springs, FL 3
    • 4 beds 3 baths ∙ 2,967 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,967 Sqft ∙ Built 1987
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.96
    •  
PROPERTY LISTING DETAILS
Matthew Walsh
1.813.625.5820
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3281495
Last Updated: 12/23/2020
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