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6262 Bobby Jones Ct Palmetto, FL 34221

4 Beds 3 Baths 2,228 sqft Built 2003

$400,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $179.53
  • 4 Days on Market
  • MLS # : U8104350
  • Updated Date : 11/20/2020 at 13:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,228 sqft
  • Baths : 3 full
Listing Agent

Douglas Elliman

Listing Agent's Description

Welcome to your gorgeous golf course oasis! This 4 bed 3 bath pool home is awaiting its next nature lover. The split plan offers the owner privacy while having the outdoor space with the Pebble Tec pool and hot tub that elicits entertaining. The golf course view is second to none as you watch the players on the 16th green. Inside the spacious kitchen with large dining room make for a cooks dream. The two car garage can store your clubs and cars. Freshly painted inside and out this home is ready for you to move in! Book your showing today.

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: Imperial Lakewoods

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $97k409k

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

Neighborhood: Imperial Lakewoods

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001400160018002000220024002600Rent in $11052642

* 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
Mills Elementary School Primary Regular 1,160 66 6
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Mills Elementary School

  • Education Level: Primary
  • # of students: 1,160
  • # of teachers: 66
6
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,476
Property Tax -$408
Property Insurance -$173
HOA -$42
Property Management Fees -$80
CASH FLOW
-$28

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$400,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$28,514

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,899

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7753$1,7994$1,8955$2,150
$2,150
RENT COMPS ANALYSIS
  • 6262 Bobby Jones Ct Palmetto, FL 5
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
  • 8848 Founders Cir Palmetto, FL 1
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2005
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.82
    •  
  • 6234 Bobby Jones Ct Palmetto, FL 2
    • 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 2001
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.80
    •  
  • 5506 Lakehurst Ct Palmetto, FL 3
    • 3 beds 2 baths ∙ 2,092 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,092 Sqft ∙ Built 2005
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.86
    •  
  • 8816 Founders Cir Palmetto, FL 4
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.93
    •  
PROPERTY LISTING DETAILS
John Lee
1.727.465.6050
Douglas Elliman
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8104350
Last Updated: 11/20/2020
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