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4419 Forest Creek Trl Parrish, FL 34219

4 Beds 2 Baths 2,049 sqft Built 2008

$290,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $141.53
  • 7 Days on Market
  • MLS # : A4484321
  • Updated Date : 12/05/2020 at 12:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,049 sqft
  • Baths : 2 full
Listing Agent

Florida Real Estate Team, Inc.

Listing Agent's Description

Looking for an investment property but don't want the hassle of finding a tenant? Look no further! This rarely available, 4bedroom 2 bath home in Forest Creek with a pond view is now available. This rental property already has tenants in place and is ready for new owners. New water heater 2019, new carpet and interior paint March 2020. Quarterly pest control for interior and bi-monthly pest control for exterior has been maintained by owners. Plenty of room to spread out for all! Kitchen is open to the large great room that encompasses the dining area and with has a bar area for extra dining. Solid surface counter tops in kitchen and bathrooms, separate formal dining room can be used as a den/office space for working from home. The screened in patio has a view of the pond to enjoy your morning coffee watching the birds, or your evening beverage watching the reflective colorful sunset skies. You can enjoy the outdoors while walking along the trails, views from fishing pier, relax by the pool or take the dog to the dog park! Come and see all this has to offer!

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

Neighborhood: Forest Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $112k409k

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

Neighborhood: Forest Creek

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001400160018002000220024002600Rent in $11082642

* 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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,070
Property Tax -$543
Property Insurance -$162
HOA -$9
Property Management Fees -$129
CASH FLOW
$47

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.

$290,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 4.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$25,212

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,941

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8003$1,9604$2,0955$2,150
$2,150
RENT COMPS ANALYSIS
  • 4419 Forest Creek Trl Parrish, FL 3
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.96
    •  
  • 11780 Shirburn Cir Parrish, FL 1
    • 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1999
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 5324 Lexington Dr Parrish, FL 2
    • 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 2005
    property image
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 11791 Fennemore Way Parrish, FL 4
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2012
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.97
    •  
  • 11706 Crawford Parrish Ln Parrish, FL 5
    • 3 beds 2 baths ∙ 2,127 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,127 Sqft ∙ Built 2010
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.01
    •  
PROPERTY LISTING DETAILS
Kat Mcclary
1.813.326.1586
Florida Real Estate Team, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4484321
Last Updated: 12/05/2020
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