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7309 Brightwater Oaks Dr Tampa, FL 33625

4 Beds 3 Baths 2,755 sqft Built 2003

$437,950

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $158.97
  • 3 Days on Market
  • MLS # : T3294100
  • Updated Date : 03/13/2021 at 17:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,755 sqft
  • Baths : 2 full , 1 half
Listing Agent

Better Homes And Gardens Real Estate Ellie & Assoc

Listing Agent's Description

Exceptional pool home in gated community in the Citrus Park area! Well maintained and ready for a new family. Bedrooms are all upstairs. Light and bright. Formal dining area, eat in space in kitchen all overlooking the caged pool. The ideal location. Gated community of Avery Oaks. Great covered area by pool for entertaining. Buyers will not be disappointed with this one. Aggressively priced. Please check out the pictures in MLS. This one will not last at this price.

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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: Citrus Park Community

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Citrus Park Community

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052083

* 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
Sickles High School High Regular 2,135 110 7

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

Sickles High School

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

$394,155$481,745$437,950

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,521
Property Tax -$539
Property Insurance -$196
HOA -$73
Property Management Fees -$129
CASH FLOW
-$208

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.

$437,950

PROJECTED PRICE

$2,250

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.4%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,807

INVESTMENT

$121,807

Down Payment
$109,488
Rehab Estimate
$5,750
Closing Costs
$6,569

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,488
Loan Amount $328,463
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,390

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2503$2,2504$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 7309 Brightwater Oaks Dr Tampa, FL 3
    • 4 beds 3 baths ∙ 2,755 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,755 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.82
    •  
  • 11235 Madison Park Dr Tampa, FL 1
    • 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2005
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 8030 Gardner Rd Tampa, FL 2
    • 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2012
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.92
    •  
  • 6403 Sea Lavender Ln Tampa, FL 4
    • 4 beds 4 baths ∙ 2,899 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,899 Sqft ∙ Built 2005
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
  • 8810 Cameron Crest Dr Tampa, FL 5
    • 5 beds 4 baths ∙ 2,672 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,672 Sqft ∙ Built 2006
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
PROPERTY LISTING DETAILS
Vincent Arcuri
1.813.846.2368
Better Homes And Gardens Real Estate Ellie & Assoc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3294100
Last Updated: 03/13/2021
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