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7407 Tangle Bend Dr Gibsonton, FL 33534

4 Beds 2 Baths 1,983 sqft Built 2013

$254,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $128.54
  • 4 Days on Market
  • MLS # : T3285985
  • Updated Date : 01/21/2021 at 15:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,983 sqft
  • Baths : 2 full
Listing Agent

Offerpad Brokerage

Listing Agent's Description

Vacant and Move-in Ready! Refreshed 4 bedroom home with new paint in and out, new flooring, new granite in kitchen with great layout! Split floorplan has a HUGE open concept family room, dining and kitchen area and overlooks the covered patio. Master feature large walk in closet with double sinks and spacious shower. Tanglewood Preserve has NO CDD fees and LOW HOA fees. Easy access to I-4/1-75 and the Crosstown for an easy commute and just minutes to shopping, theatre and restaurants. Check out home today and make it yours!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Concerned Citizens of Gibsonton Area

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Concerned Citizens of Gibsonton Area

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391625

* 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
Corr Elementary School Primary Regular 747 61 3
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Corr Elementary School

  • Education Level: Primary
  • # of students: 747
  • # of teachers: 61
3
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 86
4
GreatSchools Rating

East Bay High School

  • Education Level: High
  • # of students: 2,330
  • # of teachers: 126
4
GreatSchools Rating
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$885
Property Tax -$333
Property Insurance -$152
HOA -$25
Property Management Fees -$129
CASH FLOW
$127

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.

$254,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.1%
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

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$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$28,305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,671

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5753$1,6504$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 7407 Tangle Bend Dr Gibsonton, FL 3
    • 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
  • 7606 Wood Violet Dr Gibsonton, FL 1
    • 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2005
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.80
    •  
  • 11906 Fern Blossom Dr Gibsonton, FL 2
    • 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2005
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.81
    •  
  • 7717 Tangle Rush Dr Gibsonton, FL 4
    • 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 2015
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 8105 Tar Hollow Dr Gibsonton, FL 5
    • 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 2005
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
PROPERTY LISTING DETAILS
Rob Jones
1.813.534.6326
Offerpad Brokerage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285985
Last Updated: 01/21/2021
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