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7115 Kingsbury Cir Tampa, FL 33610

3 Beds 2 Baths 1,756 sqft Built 1965

$210,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $119.59
  • 4 Days on Market
  • MLS # : T3291940
  • Updated Date : 02/27/2021 at 09:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,756 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

MULTIPLE OFFERS...taking all offers until Sunday 6pm. This 3/2 clean, move-in ready home is located in the well established neighborhood of East Lake Park. Back yard is fenced with canal access to lake. The home has Terrazzo floors and features a sun room with canal views. A/C was replaced in 2020 and kitchen appliances were replaced in the last 3 years.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: East Lake Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: East Lake Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
James Elementary School Primary Regular 687 62 1
Burnett Middle School Middle Regular 869 62 3
Blake High School High Magnet 1,709 103 4

James Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 62
1
GreatSchools Rating

Burnett Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 62
3
GreatSchools Rating

Blake High School

  • Education Level: High
  • # of students: 1,709
  • # of teachers: 103
4
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$729
Property Tax -$264
Property Insurance -$138
HOA -$8
Property Management Fees -$129
CASH FLOW
$262

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.

$210,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.0%
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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$38,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,539

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,3953$1,4504$1,530
$1,530
RENT COMPS ANALYSIS
  • 7115 Kingsbury Cir Tampa, FL 4
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.87
    •  
  • 4210 King Alfred Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1960
    property image
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.85
    •  
  • 7513 E 23rd Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1957
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 3667 Sugarcreek Dr Tampa, FL 3
    • 4 beds 2 baths ∙ 1,726 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,726 Sqft ∙ Built 1981
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.84
    •  
PROPERTY LISTING DETAILS
Jo-an Lusk
1.813.967.5355
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3291940
Last Updated: 02/27/2021
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