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6716 Coyote Ridge Ct University Park, FL 34201

3 Beds 2 Baths 2,449 sqft Built 2001

$449,900

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $183.71
  • 2 Days on Market
  • MLS # : C7435094
  • Updated Date : 11/02/2020 at 18:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,449 sqft
  • Baths : 2 full
Listing Agent

Zwiercan Realty Inc

Listing Agent's Description

From the moment you walk in through the glass double entry door, you know you are in a special home. Located at the end of the cul-de-sac, this home has incredible curb appeal with it's long paved driveway, mature landscaping and new fresh exterior paint. This home features an open floor plan offering 3 bedrooms, 2 bathrooms, and a study. It has beautiful architecture and design, with high ceilings and crown molding accenting every room. With over 2,400 SQFT, this homes offers plentiful room for entertaining and guest. The spacious kitchen offers, solid wood cabinets, Stainless Steel appliances that are just 3 years old, and solid countertops. The gorgeous pool area that was just resurfaced, is surrounded by tropical landscaping and high hedges for privacy. Mote Ranch offers it's residents a Jr. Olympic size pool, playground, a dock and kayak launch on the Braden River, it is close to shopping, restaurants, medical facilities, I-75, and SRQ International Airport. Call and schedule a showing to see this stunning home.

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

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
 

$404,910$494,890$449,900

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$1,660
Property Tax -$486
Property Insurance -$186
HOA -$51
Property Management Fees -$80
CASH FLOW
$367

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.

$449,900

PROJECTED PRICE

$2,830

PROJECTED RENT

0.63%

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$30k

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$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$78,911

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,510

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,4954$2,8305$3,150
$3,150
RENT COMPS ANALYSIS
  • 6716 Coyote Ridge Ct University Park, FL 4
    • 3 beds 2 baths ∙ 2,449 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,449 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $1.16
    •  
  • 6610 63rd Ter E Bradenton, FL 1
    • 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2004
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.93
    •  
  • 6190 Palomino Cir University Park, FL 2
    • 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.95
    •  
  • 6759 Coyote Ridge Ct University Park, FL 3
    • 3 beds 2 baths ∙ 2,458 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,458 Sqft ∙ Built 2001
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.02
    •  
  • 7106 Southgate Ct Sarasota, FL 5
    • 3 beds 2 baths ∙ 2,622 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,622 Sqft ∙ Built 1998
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.20
    •  
PROPERTY LISTING DETAILS
Yoel Rosell
1.941.266.5347
Zwiercan Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7435094
Last Updated: 11/02/2020
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