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6104 Fishhawk Crossing Blvd Lithia, FL 33547

3 Beds 3 Baths 1,997 sqft Built 2013

$324,900

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $162.69
  • 3 Days on Market
  • MLS # : T3279802
  • Updated Date : 12/12/2020 at 18:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,997 sqft
  • Baths : 2 full , 1 half
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

FISHHAWK RANCH GARDEN DISTRICT - A RATED SCHOOLS - METICULOUSLY MAINTAINED! Your perfect home is located on a beautiful tree lined street in the highly desirable Garden District neighborhood located within Fishhawk Ranch. This centrally located home is move-in ready with FRESH PAINT INSIDE & OUT and a fantastic floor plan and great flow. Bright & spacious, this 3 bedroom, 2.5 bath, 1,997 sq. ft. home with office, and 2 car detached garage, was built by K. Hovnanian Homes for family fun & entertaining. The homes within the Garden District sit closer to the sidewalk, allowing for greater pedestrian and homeowner interaction from your oversized front porch. You will absolutely love this neighborhood, reminiscent of days gone by, just one block from all the activities in the town square. You are within walking distance to schools, shopping, restaurants, dining, recreation facilities, and some of the finest amenities available in the Tampa Bay area. As you enter the home into the foyer your eyes will be drawn to the abundance of natural light that accentuates the first floor living area. The dining room, stairway, kitchen and dinette will be to your right, and the home office, laundry Closet, half bath, and family room will be on your left as you pass through the first floor living area. Ceramic tile flows throughout the entire first floor. There is a Chef's kitchen boasting stainless steel appliances, breakfast bar seating, 42" solid wood cabinets capped with crown molding, and plenty of counter space. There is a dinette area that perfectly complements the well designed kitchen. There is a large covered lanai and a patio situated between the home and the detached garage, perfect for relaxing and making memories with your family & friends. The stairway leading to the upstairs features upgraded wrought iron balusters which give the stairway a very classic look. All three bedrooms surround a small upstairs loft. The master retreat is spacious and features plenty of natural light. The master en-suite features double vanities, garden tub, and a separate walk-in shower. The master bedroom features a large 7'x8' walk in closet. The secondary bedrooms share a full bath, are bright, and offer generous accommodations. Fishhawk Ranch is in an "A" rated school district with easy access to Tampa, Lakeland, I-75, I-4, Macdill AFB, shopping and dining. This beautiful home will go under contract quickly. DON'T DELAY - SEE IT 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: 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
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,199
Property Tax -$566
Property Insurance -$152
HOA -$7
Property Management Fees -$129
CASH FLOW
-$83

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.

$324,900

PROJECTED PRICE

$1,970

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$19,290

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,002

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,9703$2,0004$2,0255$2,195
$2,195
RENT COMPS ANALYSIS
  • 6104 Fishhawk Crossing Blvd Lithia, FL 2
    • 3 beds 3 baths ∙ 1,997 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,997 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.99
    •  
  • 6322 Bridgecrest Dr Lithia, FL 1
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 2006
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.95
    •  
  • 16219 Bridgecrossing Dr Lithia, FL 3
    • 3 beds 3 baths ∙ 2,022 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,022 Sqft ∙ Built 2005
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 16320 Bridgecrossing Dr Lithia, FL 4
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 2005
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.98
    •  
  • 16104 Bridgewalk Dr Lithia, FL 5
    • 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2006
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.09
    •  
PROPERTY LISTING DETAILS
Tammy Keller
1.813.917.1246
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279802
Last Updated: 12/12/2020
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