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4514 Old Saybrook Ave Tampa, FL 33624

4 Beds 3 Baths 2,376 sqft Built 1983

$429,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $180.93
  • 15 Days on Market
  • MLS # : T3271799
  • Updated Date : 11/02/2020 at 08:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,376 sqft
  • Baths : 2 full , 1 half
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Your search stops here with $119,000 in upgrades including $38,500 for a new pool, lanai, custom bar, and pavers. We welcome you to this beautiful four bedroom, 2 1/2 bath home located in Carrollwood Village. As you approach the home you will notice the paved walkway leading you to the double wood front door with custom paint. The large inviting entry with shiplap and wood staircase with spindle railings brings warm to this gorgeous home. Off the entry is the living room with loads of natural light coming from the large bay window. There are also built-in bookcases, and attractive laminate floors, which you will notice through the home. You will enjoy eating your favorite meal in the dining room. The stunning light fixture and crown molding are just a few added touches. The newly remodeled kitchen, has stainless steel appliances and a large granite island. The kitchen is open to the large family room with French doors and a fireplace. The downstairs laundry has cabinets for extra storage. There is a half bath on the lower level for your convenience. On the second floor you will find the master bedroom and en suite bath with two double sinks and granite counter tops. The three secondary bedrooms are also located on the second floor and share a full bath. Each bedroom has their own designer touches. The backyard is an entertainers delight. The custom pool with jacuzzi bench is a great place to welcome family and friends. There is a huge built-in bar with refrigerator and outdoor T.V., all within the screened lanai. The spacious yard has a grassy area where all can enjoy playing outdoor games. Some of the upgrades include: BOAT PARKING, BUILT-IN BAR, NEW ROOF 2019, FLOORS REDONE IN 2017, POOL/LANAI 2018, NEW SPRINKLER SYSTEM, TWO AIR CONDITIONERS (ONE IN 2016, the other 2019). MAKE YOUR APPOINTMENT TODAY. YOU WANT BE DISAPPOINTED

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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: Fairway Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $85k446k

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

Neighborhood: Fairway Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9052297

* 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
Carrollwood Elementary School Primary Regular 796 63 6
Adams Middle School Middle Regular 1,017 75 2
Chamberlain High School High Regular 1,772 98 4

Carrollwood Elementary School

  • Education Level: Primary
  • # of students: 796
  • # of teachers: 63
6
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,017
  • # of teachers: 75
2
GreatSchools Rating

Chamberlain High School

  • Education Level: High
  • # of students: 1,772
  • # of teachers: 98
4
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,586
Property Tax -$529
Property Insurance -$174
HOA -$13
Property Management Fees -$80
CASH FLOW
-$201

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.

$429,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.9%
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

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$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$18,372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,936

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8903$1,8954$1,8955$2,180
$2,180
RENT COMPS ANALYSIS
  • 4514 Old Saybrook Ave Tampa, FL 5
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.92
    •  
  • 11715 Palmer Dr Tampa, FL 1
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1978
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.74
    •  
  • 13614 Clubside Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 1982
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.89
    •  
  • 13008 Whisper Bay Pl Tampa, FL 3
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 1980
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.77
    •  
  • 10921 Arbor Ridge Dr Tampa, FL 4
    • 4 beds 2 baths ∙ 2,207 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,207 Sqft ∙ Built 1998
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
PROPERTY LISTING DETAILS
Mary Purkiser
1.813.469.4679
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3271799
Last Updated: 11/02/2020
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