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4631 Hidden Shadow Dr Tampa, FL 33614

3 Beds 2 Baths 1,484 sqft Built 1997

$315,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $212.26
  • 6 Days on Market
  • MLS # : T3278629
  • Updated Date : 12/02/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,484 sqft
  • Baths : 2 full
Listing Agent

Lombardo Heights Llc

Listing Agent's Description

Wow! This 3 bedroom 2 bedroom block home offers everything on your check list! Beautiful yard, updated interior, updated kitchen, stainless steel appliances, and much much more. Stepping into the home the first thing you will notice is the vaulted ceilings and open floor plan. The kitchen has a large island that opens up to the HUGE living room overlooking the tranquil backyard. The sellers have made many improvements to the home during ownership; the most eye catching being the backyard transformation. The backyard is green and beautiful with oak trees providing a great shade! The main systems in the house being roof and AC were both updated in 2017 and the hot water heater was replaced in 2019. The location of this home is ideal as it is centrally located to all of the main attractions and corporate centers in Tampa! Schedule a showing today and find out why the Hidden Oaks community is one of Tampa's hidden gems.

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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: Hidden Oaks of Hillsborough

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280k300kPrice in $55k318k

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

Neighborhood: Hidden Oaks of Hillsborough

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7391848

* 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
Crestwood Elementary School Primary Regular 901 67 3
Pierce Middle School Middle Regular 977 66 3
Leto High School High Magnet 1,971 108 4

Crestwood Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 67
3
GreatSchools Rating

Pierce Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 66
3
GreatSchools Rating

Leto High School

  • Education Level: High
  • # of students: 1,971
  • # of teachers: 108
4
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,162
Property Tax -$387
Property Insurance -$122
HOA -$46
Property Management Fees -$129
CASH FLOW
-$106

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.

$315,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,466

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,566

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7404$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 4631 Hidden Shadow Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.17
    •  
  • 8810 Cypress Hammock Dr Tampa, FL 1
    • 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1998
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 10039 Cedar Dune Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1992
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.11
    •  
  • 4783 Whispering Wind Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2002
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.08
    •  
  • 10315 Fernbrook Ln Tampa, FL 5
    • 4 beds 3 baths ∙ 1,637 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,637 Sqft ∙ Built 1978
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
PROPERTY LISTING DETAILS
Samuel Helgemo
1.941.661.3083
Lombardo Heights Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278629
Last Updated: 12/02/2020
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