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7011 Hollowell Dr Tampa, FL 33634

3 Beds 2 Baths 1,476 sqft Built 1986

$274,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $186.25
  • 3 Days on Market
  • MLS # : U8103999
  • Updated Date : 11/07/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,476 sqft
  • Baths : 2 full
Listing Agent

Keys To The Bay Real Estate

Listing Agent's Description

DON'T MISS OUT ON THIS 3 BEDROOM, 2 BATH, HOME IN THE COPPERFIELD SUBDIVISION. This spacious home features a split floor plan and a well-appointed kitchen. Sliding doors open to a large fenced rear yard with a shed for extra storage. Very low HOA only $225 annually. Seller is not required to carry flood insurance. Convenient location within a few minutes of the Veterans Expressway, close to the airport, Courtney Campbell Causeway, Clearwater Beach, I-275, grocery stores, restaurants, malls, and the Upper Tampa Bay walking and bike trails. This one won’t last long. Call today to schedule your showing before it is too late.

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

Neighborhood: Copperfield

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $55k250k

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

Neighborhood: Copperfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391683

* 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
Alonso High School High Regular 2,607 136 5

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

Alonso High School

  • Education Level: High
  • # of students: 2,607
  • # of teachers: 136
5
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,014
Property Tax -$338
Property Insurance -$121
HOA -$19
Property Management Fees -$80
CASH FLOW
$18

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.

$274,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 12.0%
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$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

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$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$23,573

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,701

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,4953$1,5504$1,5905$1,700
$1,700
RENT COMPS ANALYSIS
  • 7011 Hollowell Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.08
    •  
  • 9703 Kings Canyon Pl Tampa, FL 1
    • 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1992
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.19
    •  
  • 8508 Azure Ct Tampa, FL 2
    • 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1976
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.18
    •  
  • 7413 Sade St Tampa, FL 3
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1996
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.13
    •  
  • 6907 Shady Pl Tampa, FL 5
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1973
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.11
    •  
PROPERTY LISTING DETAILS
Bill Hallman
1.727.470.0030
Keys To The Bay Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103999
Last Updated: 11/07/2020
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