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6612 Winding Oak Dr Tampa, FL 33625

4 Beds 2 Baths 1,468 sqft Built 1980

$279,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $190.67
  • 2 Days on Market
  • MLS # : T3273263
  • Updated Date : 11/02/2020 at 12:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,468 sqft
  • Baths : 2 full
Listing Agent

Signature Realty Associates

Listing Agent's Description

MOVE IN READY!!! NO CDD FEE! NO HOA! This is the Perfect place to call your home. No Need to do a thing, this home has been totally remodeled inside & out! New roof, New a/c & new water heater 2018. New exterior & interior paint 2020, New countertops, new cabinets in kitchen & bathrooms 2020. All new stainless steel appliances. New laminate wood floors in dining room kitchen & living room. Home features 4 bedrooms, 2 bath, 2 car garage, 1,468 sq ft of luxurious living space with nice open floor plan. Large master suite with new carpet & huge closet. Updated Master bath with brand new vanity area & tub. Beautiful spacious updated kitchen with granite countertops brand new appliances, breakfast bar. Kitchen opens up to dining room with slider to patio & huge fenced in yard, great for entertaining! This home is a must see and in a GREAT LOCATION!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Westwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k259k

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

Neighborhood: Westwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781613

* 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
Bellamy Elementary School Primary Regular 706 62 5
Smith Middle School Middle Regular 854 53 6
Sickles High School High Regular 2,135 110 7

Bellamy Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 62
5
GreatSchools Rating

Smith Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 53
6
GreatSchools Rating

Sickles High School

  • Education Level: High
  • # of students: 2,135
  • # of teachers: 110
7
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,033
Property Tax -$344
Property Insurance -$121
Property Management Fees -$80
CASH FLOW
-$18

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.

$279,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.7%
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

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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$22,117

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,633

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5503$1,5604$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 6612 Winding Oak Dr Tampa, FL 3
    • 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,468 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.06
    •  
  • 6307 Quail Ridge Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1983
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
  • 6707 Spanish Moss Cir Tampa, FL 2
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1984
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.11
    •  
  • 5914 Taywood Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 1990
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.20
    •  
  • 6809 Silver Branch Ct Tampa, FL 5
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1996
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.07
    •  
PROPERTY LISTING DETAILS
Christina Barone
1.813.689.3115
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273263
Last Updated: 11/02/2020
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