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6713 Spanish Moss Cir Tampa, FL 33625

4 Beds 3 Baths 1,700 sqft Built 1983

$304,990

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $179.41
  • 6 Days on Market
  • MLS # : T3285727
  • Updated Date : 01/22/2021 at 15:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,700 sqft
  • Baths : 2 full , 1 half
Listing Agent

Tampa Bay Exclusive Realty

Listing Agent's Description

***MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST DUE BY SUNDAY AT 9 am*** Gorgeous Contemporary 4 bedroom, 2.5 bathroom, 2 car OVER-SIZED garage POOL HOME in Logan Gate. Engineered wood flooring in the foyer greets you upon entry and continues through the hallway. A half bathroom is conveniently located downstairs. The living room features a stylish ceiling fan and the large window provides plenty of NATURAL LIGHT. The STUNNING chandelier in the dining area stays with the home! MARBLE counters, SHAKER cabinets with glass doors, back splash, and STAINLESS STEEL appliances surround this BEAUTIFUL kitchen. A small island sits in the center with space to sit and enjoy your morning coffee! All bathrooms feature the same MARBLE counters and SHAKER cabinets, the upstairs bathroom boasts subway tile in the shower and the master bathroom features a WALK-IN shower with GLASS door. This AMAZING FULLY FENCED backyard is the perfect place for your STAYCATION with a SPARKLING POOL, FULLY SCREENED lanai with roof, and spacious gazebo with deck! This home is conveniently located just minutes away from the Veteran’s Expressway (589), an abundance of shops and restaurants, and medical facilities and zoned to the A-rated Sickles High School. Well maintained and priced to sell, call us to schedule your private showing today!

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: Logan Gate Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k241k

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

Neighborhood: Logan Gate Village

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
 

$274,491$335,489$304,990

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,059
Property Tax -$375
Property Insurance -$134
Property Management Fees -$129
CASH FLOW
$32

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.

$304,990

PROJECTED PRICE

$1,730

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 9.5%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,572

INVESTMENT

$86,572

Down Payment
$76,248
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,248
Loan Amount $228,743
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$24,910

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,743

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,7303$1,8004$1,8005$1,925
$1,925
RENT COMPS ANALYSIS
  • 6713 Spanish Moss Cir Tampa, FL 2
    • 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,700 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.02
    •  
  • 12506 Limpet Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1982
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
  • 7320 Brightwater Oaks Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2003
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 13425 Bellingham Dr Tampa, FL 4
    • 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1993
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
  • 11234 Elmfield Dr Tampa, FL 5
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1987
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.07
    •  
PROPERTY LISTING DETAILS
Hector Contreras
1.813.426.2669
Tampa Bay Exclusive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285727
Last Updated: 01/22/2021
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