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7116 Yardley Way Tampa, FL 33647

3 Beds 2 Baths 1,659 sqft Built 1988

$275,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $165.76
  • 3 Days on Market
  • MLS # : T3282748
  • Updated Date : 01/02/2021 at 15:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,659 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tampa Central

Listing Agent's Description

This beautiful and well maintained 3-bedroom 2-bathroom home is conveniently located in the heart of the desirable Tampa Palms! The home offers high ceilings, and a working fireplace. The sinks in both bathrooms were recently replaced, and the washer and dryer in the laundry room are included. The home is equipped with ADT and a smart thermostat that can be controlled from anywhere. Best of all NO BACKYARD NEIGHBORS. Upon walking out the sliding glass door you will find yourself on a large screened in porch and facing a yard that backs right up to a preserve making this property a true OASIS.

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MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Tampa Palms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $85k374k

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

Neighborhood: Tampa Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9052351

* 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
Tampa Palms Elementary School Primary Regular 845 71 7
Liberty Middle School Middle Regular 1,202 68 6
Freedom High School High Regular 2,069 103 4

Tampa Palms Elementary School

  • Education Level: Primary
  • # of students: 845
  • # of teachers: 71
7
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 1,202
  • # of teachers: 68
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 2,069
  • # of teachers: 103
4
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,015
Property Tax -$331
Property Insurance -$132
HOA -$25
Property Management Fees -$129
CASH FLOW
$69

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.

$275,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$32,561

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,713

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,9254$1,9255$1,930
$1,930
RENT COMPS ANALYSIS
  • 7116 Yardley Way Tampa, FL 1
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 6706 Yardley Way Tampa, FL 2
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1988
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 16234 Nottingham Park Way Tampa, FL 3
    • 4 beds 3 baths ∙ 1,870 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,870 Sqft ∙ Built 2001
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.03
    •  
  • 7806 Tuscany View Ct Tampa, FL 4
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 2007
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.01
    •  
  • 16103 Cadbury Ct Tampa, FL 5
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1988
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.04
    •  
PROPERTY LISTING DETAILS
Michelle Griffin
1.813.263.9151
Keller Williams Tampa Central
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282748
Last Updated: 01/02/2021
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