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631 Fort Duquesna Dr Sun City Center, FL 33573

3 Beds 2 Baths 2,192 sqft Built 1979

$259,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $118.57
  • 3 Days on Market
  • MLS # : T3279175
  • Updated Date : 12/05/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,192 sqft
  • Baths : 2 full
Listing Agent

Century 21 Beggins Enterprises

Listing Agent's Description

This popular Fleetwood model home is located in one of the quietest neighborhoods of SCC, yet it is only a few minutes by car or golf cart from all the activities SCC is known for; golf, tennis, pickleball, swimming, lawn bowling, Arts & Crafts, state-of-the-art exercise room, party rooms, and over 150 clubs at your beckon call. The quality curb appeal extends into the interior of this well-maintained home. The foyer covered with diagonal laid ceramic tile opens to wood laminate floors in the large combination living and dining room, open Florida room and the split master bedroom with private office area and master bathroom. The utility room, guest bathroom, kitchen and breakfast nook feature the same diagonal ceramic tile as the foyer floor. The two remaining large bedrooms are carpeted. All double pane windows feature folded hurricane shutters. A pass thru from the kitchen to the Florida room features a wet bar with sink. Levolor style blinds are in all bedrooms, office and kitchen. The large two car garage houses water heater, water softener and newly replaced Electric panel box, You can have your morning coffee and that late afternoon drink in your own private wrought iron fenced enclosed patio featuring a water flowing pond and brick pavers. The owners have contracted with a plumber to replace the water heater and do a re-pipe on January 25th. Home is being sold As-is for convenience of seller.

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MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 33573

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $85k238k

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

Zip Code: 33573

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8781597

* 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
Cypress Creek Elementary School Primary Regular 649 60 2
Shields Middle School Middle Regular 1,474 99 2
Lennard High School High Regular 1,976 114 4

Cypress Creek Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 60
2
GreatSchools Rating

Shields Middle School

  • Education Level: Middle
  • # of students: 1,474
  • # of teachers: 99
2
GreatSchools Rating

Lennard High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 114
4
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$959
Property Tax -$330
Property Insurance -$164
HOA -$25
Property Management Fees -$129
CASH FLOW
$113

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$259,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$34,512

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,819

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,720
$1,720
RENT COMPS ANALYSIS
  • 631 Fort Duquesna Dr Sun City Center, FL 2
    • 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.78
    •  
  • 1619 Bunker Hill Dr Sun City Center, FL 1
    • 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 1966
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
PROPERTY LISTING DETAILS
Phil Dirosario
1.813.731.9542
Century 21 Beggins Enterprises
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279175
Last Updated: 12/05/2020
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