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4612 Roycroft Ter Parrish, FL 34219

4 Beds 2 Baths 2,090 sqft Built 2018

$349,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $166.99
  • 2 Days on Market
  • MLS # : A4488665
  • Updated Date : 01/16/2021 at 20:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,090 sqft
  • Baths : 2 full
Listing Agent

Fine Properties

Listing Agent's Description

BOLD, BRAVE AND BRILLIANTLY well-proportioned home features an open floor plan for a relaxed and easy living. 4 Bedrooms, 2 bathrooms. Enrich your lifestyle by acquiring this beautifully appointed family kitchen with numerous upgrades such as 42" sleek dark wood cabinetry providing plenty of counter space, gorgeous quartz countertops, and stainless-steel appliances. The counter depth island kitchen is the focus for gathering while entertaining. A capacious open-plan living area with high, vaulted ceiling in the living area enhances its spacious look. A superb layout with an abundance of indoor/outdoor living space also contributes to the home’s charm. An oversized master suite is a place to retreat, reflect, and rejuvenate also includes a spacious bathroom with an upgraded tiled shower and 3 of the 4 bedrooms include large walk-in closets. In addition to this, you'll enjoy energy-efficient features, to help you live a healthier and quieter lifestyle while saving you money on your utility bills. The community offers an impressive clubhouse, pool, tube slide, BBQ, outdoor kitchen, and cozy fire pit to enjoy during warm and cold Florida months. Either sweat it up on the basketball court or chill out on the deck while taking in the magnificent pond view. Cross Creek is conveniently set within minutes of near shopping facilities, restaurants and provides access to I-75 to many work areas, Bradenton Beach and Anna Maria Island. A perfect escape from the city and busy work life. Be sure to check out the video and set up an appointment today before this one gets away.

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: Cross Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $121k409k

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

Neighborhood: Cross Creek

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001400160018002000220024002600Rent in $11702642

* 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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,212
Property Tax -$424
Property Insurance -$164
HOA -$58
Property Management Fees -$129
CASH FLOW
-$178

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.

$349,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.4%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,685

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,803

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6853$1,8004$1,8105$2,095
$2,095
RENT COMPS ANALYSIS
  • 4612 Roycroft Ter Parrish, FL 4
    • 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.87
    •  
  • 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
    •  
  • 4022 Banbury Cir Parrish, FL 2
    • 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2000
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.85
    •  
  • 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
    •  
  • 11791 Fennemore Way Parrish, FL 5
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2012
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.97
    •  
PROPERTY LISTING DETAILS
Faith Pennybaker
1.813.956.8701
Fine Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4488665
Last Updated: 01/16/2021
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