Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6930 Crown Lake Dr Gibsonton, FL 33534

3 Beds 2 Baths 1,472 sqft Built 2004

$229,500

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $155.91
  • 3 Days on Market
  • MLS # : T3276218
  • Updated Date : 11/14/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,472 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

HERE'S A REMODELED HONEY IN KINGS LAKE!!! BACKS TO CONSERVATION, SO NO LOOKING IN NEIGHBORS WINDOWS! NEW ROOF, NEW HVAC SYSTEM, ALL E-Z CARE NEUTRAL TILE THROUGHOUT!!! BEDROOMS ALL HAVE THE MODERN LOOK WOOD PLANK TILES!! 4 LIGHTED COOLING FANS....HANDSOME, RICH LOOKING KITCHEN BOASTS HIGH CEILINGS WITH CAM LIGHTING; CHERRYWOOD CABINETRY, BLACK APPLIANCES, PANTRY AND CONVENIENT LAUNDRY NICHE. CASUAL DINING AREA IN KITCHEN!! *** CROWN MOLDING AND CAM LIGHTS IN THE LIVING ROOM/DINING ROOM AREA ALSO....ARCHED DOORWAYS AND 6 PANEL INTERIOR DOORS ADD TO THE QUALITY LOOK!! *** PRIVATE MASTER EN SUITE INCLUDES SOAKING TUB (YOU BRING THE WINE), AND SEPARATE SHOWER. LARGE VANITY! *** SUCH A CONVENIENT LOCATION IN THE SOUTH SHORE AREA!! ELEMENTARY SCHOOL AT THE FRONT ENTRY, AND A STONE'S THROW TO THE MIDDLE AND HIGH SCHOOLS. SO CLOSE TO THE HOSPITAL, SAM'S CLUB, RESTAURANTS, BOWLING, AND HOME DEPOT SOON! **** GIVE A COURTESY CALL OR TEXT, THEN TAKE A PEEK!!! LETS MAKE SOME BUYERS HAPPY!!!!

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: Concerned Citizens of Gibsonton Area

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Concerned Citizens of Gibsonton Area

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391625

* 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
Corr Elementary School Primary Regular 747 61 3
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Corr Elementary School

  • Education Level: Primary
  • # of students: 747
  • # of teachers: 61
3
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 86
4
GreatSchools Rating

East Bay High School

  • Education Level: High
  • # of students: 2,330
  • # of teachers: 126
4
GreatSchools Rating
 

$206,550$252,450$229,500

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$847
Property Tax -$300
Property Insurance -$122
HOA -$72
Property Management Fees -$80
CASH FLOW
$10

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.

$229,500

PROJECTED PRICE

$1,430

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,568

INVESTMENT

$66,568

Down Payment
$57,375
Rehab Estimate
$5,750
Closing Costs
$3,443

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$847

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,375
Loan Amount $172,125
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$18,132

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,424

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4953$1,5354$1,5755$1,599
$1,599
RENT COMPS ANALYSIS
  • 6930 Crown Lake Dr Gibsonton, FL 1
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.97
    •  
  • 12809 Lake Vista Dr Gibsonton, FL 2
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2002
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
  • 6931 Waterbrook Ct Gibsonton, FL 3
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2003
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.97
    •  
  • 12706 Kings Lake Dr Gibsonton, FL 4
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2003
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.00
    •  
  • 12806 Lake Vista Dr Gibsonton, FL 5
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2002
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.98
    •  
PROPERTY LISTING DETAILS
Karen Blomster
1.813.293.6919
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276218
Last Updated: 11/14/2020
BESbswy