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5428 Turtle Crossing Loop Tampa, FL 33625

3 Beds 3 Baths 1,877 sqft Built 2004

$295,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $157.17
  • 3 Days on Market
  • MLS # : W7829101
  • Updated Date : 12/11/2020 at 16:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,877 sqft
  • Baths : 2 full , 1 half
Listing Agent

Horizon Palm Realty Group

Listing Agent's Description

Located in one of North Tampa’s most desirable gated communities of Turtle Crossing. Just seconds off the Veterans Expressway to make your commute a breeze. Fall in love the minute you arrive. From the fresh new landscaping and grass to the new roof and fresh exterior paint this home does not disappoint. Recently the home was also completely re-insulated. And as an extra bonus a water softener system with automatic clean was installed. The first floor is coated with a beautiful wood look tile in every room. A den or office is provided at the entrance of the home. A nice open and flowing living space holds a dining room and living room filled with windows letting in beautiful natural light. The updated kitchen holds recessed lighting, stainless steel appliances, a center island, a café area, granite counters and a decorative backsplash to tie everything together. A half bath on the first level for convenience. The Master bedroom resides on the first floor, is a spacious size and has a gorgeously updated bath with two walk-in closets, dual sinks with granite counters. Upstairs has the same look of flooring but in laminate. A quaint loft area at the top of the stairs. The guest bedrooms are a comfortable size and have a guest bath outside the hallway. A patio on the back of the home is a great spot to unwind. The yard is fenced in with a new fence making it great to play and covered in lush green grass. Make this house your home and call today.

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: Northdale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Northdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Sickles High School High Regular 2,135 110 7

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

Sickles High School

  • Education Level: High
  • # of students: 2,135
  • # of teachers: 110
7
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,088
Property Tax -$363
Property Insurance -$145
HOA -$60
Property Management Fees -$129
CASH FLOW
$155

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.

$295,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.3%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$43,864

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,952

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8753$1,9404$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 5428 Turtle Crossing Loop Tampa, FL 3
    • 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.03
    •  
  • 15415 Lake Bella Vista Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2003
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 16009 Marshfield Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1986
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.09
    •  
  • 15425 Montilla Loop Tampa, FL 4
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2003
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.07
    •  
  • 5007 Berryhill Ct Tampa, FL 5
    • 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1997
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.01
    •  
PROPERTY LISTING DETAILS
Liz Piedra
1.352.573.4443
Horizon Palm Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829101
Last Updated: 12/11/2020
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