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6350 Bridgecrest Dr Lithia, FL 33547

4 Beds 2 Baths 2,014 sqft Built 2005

$311,900

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $154.87
  • 3 Days on Market
  • MLS # : T3286367
  • Updated Date : 01/23/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,014 sqft
  • Baths : 2 full
Listing Agent

Ez Choice Realty

Listing Agent's Description

Welcome Home! Walk right into this stunning, open concept, 4 bedroom floor plan. Let the continuous travertine tile lead you throughout the home. The kitchen has been tastefully updated and includes plenty of cabinetry complete with crown molding as well as a built in desk, with light and bright granite countertops, breakfast bar and tumbled stone backsplash. The stainless steel appliance package includes a gas range. There is a large pantry and adjoining breakfast nook that overlooks the yard and has sliding doors that lead to the lanai. The formal dining room has lots of natural light. The center of the home is the oversized family room complete with sliding glass doors that open to the enclosed lanai where the travertine flooring is yet continued. This home also features a three way split floor plan. The master bedroom has his and her walk-in closets with an en-suite offering granite counters, a garden tub and separate walk in shower. There are two bedrooms and the second bath located in the front of the home and the fourth bedroom is located down a separate hall. For your convenience this home also offers a central vacuum system. The community of Fishhawk Ranch many resort style amenities including parks, walking trails, your choice of club houses and pools, fitness centers, recreation rooms, some of the County’s best A-rated schools and so much more! This Home is located minutes from I-75 and downtown Tampa.

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
Fishhawk Creek Elementary School Primary Regular 990 70 9
Randall Middle School Middle Regular 1,345 76 9
Newsome High School High Regular 2,469 125 9

Fishhawk Creek Elementary School

  • Education Level: Primary
  • # of students: 990
  • # of teachers: 70
9
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
 

$280,710$343,090$311,900

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,083
Property Tax -$552
Property Insurance -$153
HOA -$4
Property Management Fees -$129
CASH FLOW
$8

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.

$311,900

PROJECTED PRICE

$1,930

PROJECTED RENT

0.62%

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-$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$88,404

INVESTMENT

$88,404

Down Payment
$77,975
Rehab Estimate
$5,750
Closing Costs
$4,679

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,083

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,975
Loan Amount $233,925
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$21,992

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,928

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8253$1,9004$1,9305$2,050
$2,050
RENT COMPS ANALYSIS
  • 6350 Bridgecrest Dr Lithia, FL 4
    • 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.96
    •  
  • 6324 Bridgecrest Dr Lithia, FL 1
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2006
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.94
    •  
  • 6322 Bridgecrest Dr Lithia, FL 2
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 2006
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.95
    •  
  • 6345 Bridgecrest Dr Lithia, FL 3
    • 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 2005
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
  • 6366 Bridgecrest Dr Lithia, FL 5
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jenevieve Gillen
1.813.758.0955
Ez Choice Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286367
Last Updated: 01/23/2021
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