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4931 Dewey Rose Ct Tampa, FL 33624

4 Beds 3 Baths 2,261 sqft Built 1984

INVESTimate

$339,900

List Price

$2,200

$1,980 - $2,420

Rent Est.

$361,008  ( +6.21%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $150.33
  • 2 Days on Market
  • MLS # : T3261289
  • Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,261 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Living Casa Fina Realty

Listing Agent's Description

Located in the Heart of Carrollwood. Spacious, tri-level 2,261 heated square feet home, with 4 bedrooms, 2 full baths,1 half bath situated on a large lot in a quiet cul-de-sac Northdale Golf Community. Welcoming courtyard entry with raised patio, this home has a spacious tiled formal living room with a french doors that opens to the front courtyard, a formal tiled dining with French doors and integrated mini-blinds. Open Kitchen layout with white cabinetry, newer upgraded stainless steel appliances, quartz countertops and double stainless steel undermount sinks and pantry with possible eat in kitchen space. Kitchen is open to a spacious family room with a wood-burning fireplace to enjoy during the cool winter days. Also the family room has a French door with integrated mini-blinds and opens up to a covered L shaped screened in lanai that leads you to a large fenced in backyard. Inside utility room off of the family room with front load washer and dryer. Downstairs hall updated guest half bath Walk up the stairs to all of the bedrooms with laminate flooring fully updated second bath with frameless shower glass, hallway linen closet. Large master suite with a walk in closet, secondary closet, dressing area with newer vanity with sink, updated and ADA approved master walk in shower and a second vanity. Aappliances ( 2017), HVAC (2016), water heater (2020), updated upstairs bedroom windows, updated upstairs exterior vinyl. No CDD and no required HOA. Minutes to Tampa International Airport, Golfing, Parks and Recreation areas nearby! Easy access to shopping, restaurants and all what Carrollwood and Northdale have to offer

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Northdale Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Northdale Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052101

* 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
Northwest Elementary School Primary Regular 652 48 9
Hill Middle School Middle Regular 870 52 6
Steinbrenner High School High Regular 2,329 116 8

Northwest Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 48
9
GreatSchools Rating

Hill Middle School

  • Education Level: Middle
  • # of students: 870
  • # of teachers: 52
6
GreatSchools Rating

Steinbrenner High School

  • Education Level: High
  • # of students: 2,329
  • # of teachers: 116
8
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

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$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,254
Property Tax -$418
Property Insurance -$167
Property Management Fees -$80
CASH FLOW
$281

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.

$339,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.21%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$62,502

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,182

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9953$1,9954$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 4931 Dewey Rose Ct Tampa, 5
    • 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
  • 4212 Autumn Leaves Dr Tampa, 1
    • 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 1978
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 4729 Windflower Cir Tampa, 2
    • 4 beds 3 baths ∙ 1,928 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,928 Sqft ∙ Built 1986
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.03
    •  
  • 4706 Fox Hunt Dr Tampa, 3
    • 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1982
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 4104 Woodacre Ln Tampa, 4
    • 3 beds 2 baths ∙ 2,295 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,295 Sqft ∙ Built 2004
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.91
    •  
PROPERTY LISTING DETAILS
Fadia Bazzi
1.813.569.6294
Real Living Casa Fina Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3261289
Last Updated: 08/26/2020
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