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6933 Crown Lake Dr Nw Gibsonton, FL 33534

4 Beds 3 Baths 2,215 sqft Built 2003

INVESTimate

$256,000

List Price

$1,600

$1,440 - $1,760

Rent Est.

$276,634  ( +8.06%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $115.58
  • 3 Days on Market
  • MLS # : U8095426
  • Updated Date : 08/25/2020 at 19:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,215 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Affiliated

Listing Agent's Description

ALERT!!! Due to COVID 19 you may not see the Beautiful Stainless Steel Appliances. "8/24/20 GREAT NEWS APPLIANCES ON THEIR WAY AND WILL BE INSTALLED FRIDAY 8/28/20 HOORAY!!!!!!" They are bought and paid for but delivery is slow. This very attractive nice curb appeal, newly renovated 4 bedrooms, 2.5 bathrooms, bright Eat-in Kitchen w/sliding glass door to back yard, Living room, Great room, Dining Room and nice size Laundry room which leads to 2 car garage all this on the first floor. Fully carpeted Stairs leading to second floor with Bright Bedrooms and Bathrooms. This beautiful homes is just waiting for someone to love it, purchase it and move. You won't be disappointed!!!

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

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
 

$230,400$281,600$256,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$945
Property Tax -$334
Property Insurance -$165
HOA -$72
Property Management Fees -$80
CASH FLOW
$4

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.

$256,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.06%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,590

INVESTMENT

$73,590

Down Payment
$64,000
Rehab Estimate
$5,750
Closing Costs
$3,840

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$945

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,000
Loan Amount $192,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$19,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,706

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5354$1,6005$1,720
$1,720
RENT COMPS ANALYSIS
  • 6933 Crown Lake Dr Nw Gibsonton, 4
    • 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 12114 Fern Haven Ave Gibsonton, 1
    • 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.68
    •  
  • 6925 Crown Lake Dr Gibsonton, 2
    • 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2003
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 12732 Lake Vista Dr Gibsonton, 3
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2003
    property image
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.82
    •  
  • 12911 Parkington Dr Gibsonton, 5
    • 4 beds 4 baths ∙ 2,200 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,200 Sqft ∙ Built 2003
    property image
    LEASED 03/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.78
    •  
PROPERTY LISTING DETAILS
Maria Terrano
1.727.348.0648
Century 21 Affiliated
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8095426
Last Updated: 08/25/2020
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