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7246 Woodbrook Dr Tampa, FL 33625

3 Beds 2 Baths 1,700 sqft Built 1982

INVESTimate

$295,000

List Price

$1,670

$1,503 - $1,837

Rent Est.

$314,795  ( +6.71%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $173.53
  • 3 Days on Market
  • MLS # : T3259685
  • Updated Date : 08/25/2020 at 09:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tampa Central

Listing Agent's Description

Home is calling! Beautiful, wooden double-doors open to draw you into this amazing home. The perfect opportunity to conveniently live central to the Citrus Park/Carrollwood area. The exquisitely cared for home offers 3 bedrooms, 2 bathrooms, a stunning kitchen, a Florida room, screened back porch, his/her sinks and closets, laundry room and oversized back yard. An exceptionally well-designed kitchen includes custom storage and pull outs, promising an exceptional cooking and entertaining experience. A corner lazy susan for maximization of space, slow close drawers, stainless steel range/hood/dishwasher, and glass front cabinetry complete the design. The butcher block center island is the place for all to gather for a buffet or to sit and chat. With an open floorplan, the options are endless to customize the space to your use. The living room opens into a family room that can be utilized as a formal dining room or a seating area outside of the master bedroom. The master bedroom encompasses the best of both worlds, offering his/her separate vanity areas AND closets with shoe storage! Speaking of the master bedroom, stunning French doors frame the room, welcoming you into your own private, screened in sanctuary. The back patio is perfect for an outdoor seating area or bringing any plant mom’s dreams to life. Extending off the screened porch is an oversized backyard, perfect for family games, Fido’s personal dog park, gardening or adding a pool. As if this home could not get better, a TRUE laundry room marries the home and side-entry garage 2 car together, concealing any muddy messes or busy week’s laundry. Additional features include a Roof that is 5 years young, 14 SEER HVAC System 2020, the majority the windows have been replaced with dual pane low e windows, and hurricane shutters. Ahhh. Take a breath and relax. Welcome home!

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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: Woodbriar West Group

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k330k

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

Neighborhood: Woodbriar West Group

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8781730

* 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
Citrus Park Elementary School Primary Regular 590 52 8
Smith Middle School Middle Regular 854 53 6
Sickles High School High Regular 2,135 110 7

Citrus Park Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 52
8
GreatSchools Rating

Smith Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 53
6
GreatSchools Rating

Sickles High School

  • Education Level: High
  • # of students: 2,135
  • # of teachers: 110
7
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,088
Property Tax -$363
Property Insurance -$134
HOA -$10
Property Management Fees -$80
CASH FLOW
-$6

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.

$295,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.71%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$24,467

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,743

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6704$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 7246 Woodbrook Dr Tampa, 3
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.98
    •  
  • 14607 Knoll Ridge Dr Tampa, 1
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1981
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 13931 Henson Cir Tampa, 2
    • 4 beds 2 baths ∙ 1,741 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,741 Sqft ∙ Built 1985
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 13425 Bellingham Dr Tampa, 4
    • 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1993
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
  • 14017 Pomelo Pl Tampa, 5
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1994
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.15
    •  
PROPERTY LISTING DETAILS
Karen Fate
1.813.877.3283
Keller Williams Tampa Central
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3259685
Last Updated: 08/25/2020
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