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6312 Chauncy St Tampa, FL 33647

4 Beds 3 Baths 2,357 sqft Built 1988

$365,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $154.86
  • 3 Days on Market
  • MLS # : T3295525
  • Updated Date : 03/13/2021 at 23:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,357 sqft
  • Baths : 3 full
Listing Agent

Dalton Wade Inc

Listing Agent's Description

“Oh! Wow!” accompanied by a sweet smile is everyone’s delightful response upon entering this impressive home. High vaulted ceilings and large windows bathe the foyer, formal living and dining room in light. Elegant best describes this well designed & attractive 3 bed, 3 bath, 2-car garage home. The formal living room offers a two-sided fireplace which opens into the family room. Vaulted ceilings continue into the family room and large sliding doors that have fantastic views of the lovely backyard. The well laid out modern kitchen features granite counters, updated cabinets, plenty of storage space, SS appliances, desk area, panty, breakfast bar & a separate dinette that overlooks the screened in patio and backyard. The spacious first floor master suite is truly a retreat. It features a separate den/study/office/nursery room and access to the screened in patio. The master bath does not disappoint! It’s light and bright with a dual vanity in granite, large garden tub, separate shower, water closet & ample walk-in closet. There’s another full bathroom downstairs with an exterior door to the screened lanai. Upstairs are two secondary bedrooms and a shared full bathroom. Tampa Palms HOA amenities include Compton Park Club House, pool, playgrounds, tennis courts, basketball courts, and access to all the Tampa Palms Park System which includes a private boat launch to the Hillsborough River. Tampa Palms Country Club is close by and offers optional membership for golf, tennis club, fitness, restaurant, and all a country club lifestyle has to offer. Located in the heart of Tampa Palms, close to I-75, a 15 to 20 minute drive to just about anywhere in Tampa, USF, Moffitt Center, VA Hospital, countless restaurants & short drive to Disney World, theme parks, Florida beaches. Nestled amid the tranquil tree-lined Tampa Palms community, this home will please even the most finicky buyer. Call today–don’t miss it!

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Tampa Palms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $85k374k

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

Neighborhood: Tampa Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9052351

* 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
Tampa Palms Elementary School Primary Regular 845 71 7
Liberty Middle School Middle Regular 1,202 68 6
Freedom High School High Regular 2,069 103 4

Tampa Palms Elementary School

  • Education Level: Primary
  • # of students: 845
  • # of teachers: 71
7
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 1,202
  • # of teachers: 68
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 2,069
  • # of teachers: 103
4
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,268
Property Tax -$439
Property Insurance -$173
HOA -$25
Property Management Fees -$129
CASH FLOW
$87

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.

$365,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$35,243

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,227

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$2,0004$2,0005$2,120
$2,120
RENT COMPS ANALYSIS
  • 6312 Chauncy St Tampa, FL 5
    • 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.90
    •  
  • 7234 Hammet Rd Tampa, FL 1
    • 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 1995
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
  • 6708 Yardley Way Tampa, FL 2
    • 3 beds 3 baths ∙ 2,081 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,081 Sqft ∙ Built 1988
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 16202 Ashley Park Pl Tampa, FL 3
    • 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 2000
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
  • 16008 Bethany Pl Tampa, FL 4
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1994
    LEASED 02/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Vivian Resnick
1.813.410.2890
Dalton Wade Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295525
Last Updated: 03/13/2021
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