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5925 Caldera Ridge Dr Lithia, FL 33547

3 Beds 3 Baths 2,276 sqft Built 2016

$390,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $171.35
  • 3 Days on Market
  • MLS # : T3285350
  • Updated Date : 01/23/2021 at 14:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,276 sqft
  • Baths : 2 full , 1 half
Listing Agent

Freyre Real Estate, Llc

Listing Agent's Description

Located in the Coveted FishHawk Ranch West, this must see Ashton Woods built home will not stick around long at all. This 2 story 2016 built home features 3 beds, 2 1/2 baths, an office/den & a 2 car detached garage with a rear covered lanai, open courtyard on a corner lot. A covered entry greets you as you approach the entrance of the home. Upon entry, you are welcomed into the generously sized family room, from the foyer. Through the well lit family room you pass the office/den, conveniently placed near the powder room & opposite the naturally lit staircase. Continuing through to the Dining Room, Kitchen combination area you are provided with plenty of space for you to entertain & host, along with a handful of windows for ample amounts of lighting in the dining. The Kitchen features 42" Timberlake cabinetry with Crown molding, a gas range, oversized island, Quartz countertops, recessed can lighting, dual pendant fixtures, new dishwasher September 2020, large double basin sink, herringbone patterned marble backsplash & a couple of windows allowing loads of luminating prowess during the day. When ascending the stairs to the second floor, you will find the owners suite, 2 additional bedrooms, laundry & a spare bathroom for Bedrooms 2 & 3 to share. The well sized owners suite will accommodate the largest of furniture with ceiling fan & a private en suite boasting an oversized shower, dual sinks, comfort height granite counters, a walk in closet, linen & a private water pantry. Bedroom 2 is of good size, has a walk in closet & ceiling fan. Heading back downstairs and out of the rear of the home you will find the rear covered lanai, looking upon a courtyard, leading to the detached & nicely sized 2 car garage. All window sills throughout the home are detailed with molded accents providing a nice fit & finish to the wonderful amount of windows about the home. There are gas drops for range, dryer & water heater. This Cottage Style home in this fantastic community is amazing & the lake house is a joy where you can enjoy the open game room, playground, fitness center, clubhouse, firepit or take in the gorgeous lake setting! The pool area is inviting & located convenient to the dog park. With most of the sought after schools in the Fishhawk area & what this community has to offer, you may want to get this home under contract before someone beats you to it!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: FishHawk Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k481k

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

Neighborhood: FishHawk Ranch

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
 

$351,000$429,000$390,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,355
Property Tax -$659
Property Insurance -$169
HOA -$34
Property Management Fees -$129
CASH FLOW
-$116

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.

$390,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 3.6%
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-$5.0k$0.0$5.0k$10k$15k

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$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$16,633

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,339

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1503$2,2304$2,4005$2,650
$2,650
RENT COMPS ANALYSIS
  • 5925 Caldera Ridge Dr Lithia, FL 3
    • 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.98
    •  
  • 5829 Caldera Ridge Dr Lithia, FL 1
    • 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2017
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.98
    •  
  • 14109 Indigo Ridge Ln Lithia, FL 2
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2018
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.01
    •  
  • 5912 Caldera Ridge Dr Lithia, FL 4
    • 4 beds 4 baths ∙ 2,317 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,317 Sqft ∙ Built 2014
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.04
    •  
  • 5943 Jasper Glen Dr Lithia, FL 5
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2015
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.08
    •  
PROPERTY LISTING DETAILS
Christopher Freyre
1.813.562.4033
Freyre Real Estate, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285350
Last Updated: 01/23/2021
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