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6629 Saint James Xing University Park, FL 34201

3 Beds 3 Baths 2,341 sqft Built 1992

$500,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $213.58
  • 3 Days on Market
  • MLS # : A4488632
  • Updated Date : 01/16/2021 at 09:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,341 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to University Park Country Club. A private Gated Community. Before reaching the Gate House you will already be amazed by the natural splendor of the community. Surrounded by an award winning 27 holes of championship golf, Practice range, 11 lighted Har-Tru tennis courts, Fitness Center, and Exclusive member events and dining at The Park Grille & Café. The gracious home is 2341 Sq. includes 3 bedrooms and 3 bathrooms, Hardwood floors and Open floor plan. The heated pool includes a generous Lanai overlooking a private a woody area with bougainvillea's. New roof from 2016. Turnkey furnishing is optional.

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

Zip Code: 34201

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k552k

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

Zip Code: 34201

ZipNIR Market*CityMarket20102015Year20082019 Q2140016001800200022002400260028003000Rent in $12943141

* 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
Willis Elementary School Primary Regular 729 45 10
Braden River Middle School Middle Regular 977 56 5
Braden River High School High Regular 1,999 90 6

Willis Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 45
10
GreatSchools Rating

Braden River Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 56
5
GreatSchools Rating

Braden River High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 90
6
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$1,737
Property Tax -$548
Property Insurance -$180
HOA -$371
Property Management Fees -$129
CASH FLOW
$226

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.

$500,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 1.3%
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$20k$25k

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$51,032

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,190

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $2,739

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,7953$2,8004$2,8005$3,190
$3,190
RENT COMPS ANALYSIS
  • 6629 Saint James Xing University Park, FL 5
    • 3 beds 3 baths ∙ 2,341 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,341 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $1.36
    •  
  • 6148 Griffon Cir Sarasota, FL 1
    • 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.14
    •  
  • 7922 Edmonston Cir University Park, FL 2
    • 3 beds 3 baths ∙ 2,432 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,432 Sqft ∙ Built 2003
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.15
    •  
  • 7960 Hampton Ct University Park, FL 3
    • 3 beds 2 baths ∙ 2,266 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,266 Sqft ∙ Built 1993
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.24
    •  
  • 8103 Planters Knoll Ter University Park, FL 4
    • 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2004
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.15
    •  
PROPERTY LISTING DETAILS
Scott Fisher
1.941.228.1008
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4488632
Last Updated: 01/16/2021
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