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5325 Sagecrest Dr Lithia, FL 33547

4 Beds 3 Baths 2,562 sqft Built 2012

$450,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $175.64
  • 2 Days on Market
  • MLS # : T3277551
  • Updated Date : 11/28/2020 at 11:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,562 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

PRISTINE Biscayne by WestBay! Starling of Fish Hawk Ranch pool home with 4 bedrooms, 3 baths and a 3 car garage. The grand room is amazing with formal dining and a family room open to the upscale and upgraded kitchen. Sliding doors open to the sparkling gas heated saltwater pool with 3 waterfalls. The kitchen is a pure chef’s delight and features very upscale stainless steel appliances including a built in gas range and hood, built in oven and microwave, dishwasher, French door refrigerator (with water and ice), endless granite counters and wooden cabinetry with crown molding, walk in pantry and a granite built in table in the dinette! This 3 way split plan offers loads of privacy and flexibility. High ceilings with crown molding and bullt in canned lighting grace the grand room. The master suite provides customized walk in and reach in closets, a garden tub and a walk in shower, an enclosed commode, and dual sinks. The outdoor kitchen with a natural gas grille, refrigerator and granite counters, adds to the spacious lanai and offers outdoor Florida living at its finest. For extra savings, there is a radiant barrier for energy savings and reclaimed water for irrigation. The garage floor is newly surfaced with epoxy and has a fully transferable warranty. Raised storage has been added in the garage. Hot water heater and pool pump have been recently replaced. Fenced on one side and on the rear and beautifully landscaped, this pie shaped lot offers space and privacy. All of this in Fish Hawk Ranch with amenities galore, including community pools, a tennis club, miles of trails, basketball courts, a skate park, pickle ball courts, fitness centers and more! Only about an hour’s drive to the Orlando theme parks to the east and the Gulf beaches to the west.

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: Fishhawk

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k481k

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

Neighborhood: Fishhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9052692

* 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
Stowers Elementary School Primary Regular 923 66 9
Barrington Middle School Middle Regular 1,227 70 6
Newsome High School High Regular 2,469 125 9

Stowers Elementary School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 66
9
GreatSchools Rating

Barrington Middle School

  • Education Level: Middle
  • # of students: 1,227
  • # of teachers: 70
6
GreatSchools Rating

Newsome High School

  • Education Level: High
  • # of students: 2,469
  • # of teachers: 125
9
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,660
Property Tax -$760
Property Insurance -$185
HOA -$9
Property Management Fees -$80
CASH FLOW
-$105

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.57%
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$20k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$26,625

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,588

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5903$2,6004$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 5325 Sagecrest Dr Lithia, FL 2
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.01
    •  
  • 5302 Sanderling Ridge Dr Lithia, FL 1
    • 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2012
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
  • 5101 Oakline View Dr Lithia, FL 3
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2012
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 5105 Oakline View Dr Lithia, FL 4
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2012
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
  • 15532 Starling Crossing Dr Lithia, FL 5
    • 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 2012
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.04
    •  
PROPERTY LISTING DETAILS
Diane Smeed
1.813.685.7755
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277551
Last Updated: 11/28/2020
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