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6201 Gannetdale Dr Lithia, FL 33547

4 Beds 2 Baths 2,200 sqft Built 2004

$331,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $150.86
  • 8 Days on Market
  • MLS # : W7828444
  • Updated Date : 11/19/2020 at 22:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Beautiful 4 bedroom, 2 bathroom, single story home in Lithia. Arriving at this home, you are welcomed into a tiled foyer. To the right you have a large bedroom with double doors that could also serve as an office or den. Continuing into the home, you have a private formal dining room with high ceilings and large picture window for ample natural light. The spacious kitchen features wood cabinets, stainless steel appliances, gas double oven range, and ample counter space. Overlooking the kitchen is the large family room with arched entryways and high ceilings. The primary bedroom of the home boasts wood floors, ceiling fan, and an en suite bathroom with dual sinks, soaking tub, walk-in shower and large closet. The home is complete with 2 additional bedrooms, full bathroom, and bonus room with large sliding doors leading to the tree-lined backyard. Located in the highly desirable FishHawk Ranch neighborhood in Lithia, you are convenient to shops, A-rated schools, Tampa, Brandon, and Sarasota.

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

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
 

$298,710$365,090$331,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,225
Property Tax -$561
Property Insurance -$164
HOA -$4
Property Management Fees -$80
CASH FLOW
-$84

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.

$331,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.59%

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$93,704

INVESTMENT

$93,704

Down Payment
$82,975
Rehab Estimate
$5,750
Closing Costs
$4,979

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,225

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,975
Loan Amount $248,925
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$18,948

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,958

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8993$1,9504$2,0455$2,065
$2,065
RENT COMPS ANALYSIS
  • 6201 Gannetdale Dr Lithia, FL 3
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 15502 Martinmeadow Dr Lithia, FL 1
    • 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2004
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
  • 6329 Bridgecrest Dr Lithia, FL 2
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2005
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.89
    •  
  • 6035 Gannetdale Dr Lithia, FL 4
    • 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 2004
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.92
    •  
  • 15516 Gannetglade Ln Lithia, FL 5
    • 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 2004
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,065
    • $0.93
    •  
PROPERTY LISTING DETAILS
Joe Locicero
1.813.435.5411
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828444
Last Updated: 11/19/2020
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