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5911 Egret Landing Pl Lithia, FL 33547

3 Beds 3 Baths 2,380 sqft Built 2012

$375,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $157.56
  • 3 Days on Market
  • MLS # : T3288336
  • Updated Date : 02/06/2021 at 14:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,380 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Realty Associates

Listing Agent's Description

WOW!! DAVID WEEKLEY HOME on a FABULOUS CONSERVATION LOT! Come see this Immaculate, Better than New, Well-Appointed home tucked away in the charming Egret Landing Village in Fishhawk Ranch. No Backyard Neighbors, Meticulously maintained Sitting on an Giant Fenced CUL DE SAC lot overlooking a Park & Playground! Enjoy the upstairs **BONUS ROOM** loft area that's perfect for a 4th bedroom, playroom or media room. Plenty of Room in the Giant Backyard to add a Pool! A Contemporary open design w/the kitchen at the heart of the home boasting a sweeping view of your spacious family room. Step inside this Lovely Home to a Grand foyer and your eyes are immediately drawn to all the spectacular finishes and picturesque conservation views and beautifully landscaped backyard. Your gourmet kitchen dressed with granite counters, stainless appliances, mosaic tile backsplash and opens to your great room creating a fabulous gathering space! Explore upstairs and find secondary bedrooms are opposite your master suite for added privacy. Your spacious master suite features a private ensuite with expansive vanity, dual sinks and an incredibly Large Walk In Closet! The NEW OWNERS will enjoy this Fishhawk Ranch Community offering ‘A’ Rated Schools, Resort Style amenities in phases 1, 2 and 3, pools, fitness rooms, nature trails, tennis courts, community events, Hartline Bus to MacDill AFB and Minutes to Tampa, Lakeland, the Magic of Orlando, Beaches, Golf, Shopping, Restaurants and More. Come see it in person, You're Gonna LOVE IT!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
Fishhawk Creek Elementary School Primary Regular 990 70 9
Randall Middle School Middle Regular 1,345 76 9
Newsome High School High Regular 2,469 125 9

Fishhawk Creek Elementary School

  • Education Level: Primary
  • # of students: 990
  • # of teachers: 70
9
GreatSchools Rating

Randall Middle School

  • Education Level: Middle
  • # of students: 1,345
  • # of teachers: 76
9
GreatSchools Rating

Newsome High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,303
Property Tax -$634
Property Insurance -$175
HOA -$4
Property Management Fees -$129
CASH FLOW
$26

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.

$375,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$28,125

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,332

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,145
1$2,1452$2,1503$2,2004$2,2705$2,300
$2,300
RENT COMPS ANALYSIS
  • 5911 Egret Landing Pl Lithia, FL 4
    • 3 beds 3 baths ∙ 2,380 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,380 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.95
    •  
  • 16304 Bridgelawn Ave Lithia, FL 1
    • 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.97
    •  
  • 16326 Bridgelawn Ave Lithia, FL 2
    • 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2005
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.97
    •  
  • 16412 Bridgewalk Dr Lithia, FL 3
    • 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
  • 16330 Bridgewalk Dr Lithia, FL 5
    • 4 beds 2 baths ∙ 2,355 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,355 Sqft ∙ Built 2005
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
PROPERTY LISTING DETAILS
George Shea
1.813.541.2390
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288336
Last Updated: 02/06/2021
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