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6125 Gannetwood Pl Lithia, FL 33547

3 Beds 2 Baths 1,762 sqft Built 2004

$310,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $175.94
  • 4 Days on Market
  • MLS # : T3288759
  • Updated Date : 02/05/2021 at 08:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,762 sqft
  • Baths : 2 full
Listing Agent

Fish Hawk Realty R.e.sale Ctr.

Listing Agent's Description

New Roof in 2020! Check out the Virtual Tour on this beautiful home in FishHawk Ranch! Neat as a pin and ready to move in. Zoned for top rated Bevis Elementary, Randall Middle and Newsome High School. An open floor plan with split bedrooms, vaulted ceilings, oversized great room and contemporary flooring throughout. Sliding glass doors from the breakfast nook lead to a covered, screened patio overlooking the large side yard and private backyard. The kitchen is light and bright featuring light cabinetry with crown molding, a breakfast nook, prep island and modern appliances - new oven and microwave in 2020. Architectural touches include arches, niches and plant shelving throughout. The home also includes a water softener, irrigation system, and security system. Master suite features his and hers closets, ensuite bath with a comfort height vanity, garden tub and separate shower stall. Situated on an oversized corner lot just a couple blocks from the 6-acre Ibis Park with playground - miles and miles of walking and jogging trails, pools, water slide, fitness centers, tennis and basketball courts.

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
Bevis Elementary School Primary Regular 807 58 10
Randall Middle School Middle Regular 1,345 76 9
Newsome High School High Regular 2,469 125 9

Bevis Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 58
10
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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,077
Property Tax -$524
Property Insurance -$139
HOA -$5
Property Management Fees -$129
CASH FLOW
-$73

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.

$310,000

PROJECTED PRICE

$1,800

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$15,265

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,797

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7504$1,8005$1,925
$1,925
RENT COMPS ANALYSIS
  • 6125 Gannetwood Pl Lithia, FL 4
    • 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
  • 5851 Wrenwater Dr Lithia, FL 1
    • 3 beds 3 baths ∙ 1,642 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,642 Sqft ∙ Built 2006
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 6208 Gannetdale Dr Lithia, FL 2
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2004
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
  • 6528 Bridgecrest Dr Lithia, FL 3
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2006
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 15535 Gannetglade Ln Lithia, FL 5
    • 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 2004
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.02
    •  
PROPERTY LISTING DETAILS
Julie Young
1.813.661.1400
Fish Hawk Realty R.e.sale Ctr.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288759
Last Updated: 02/05/2021
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