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7516 Cheltnam Ct Trinity, FL 34655

4 Beds 3 Baths 2,148 sqft Built 1991

$390,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $181.56
  • 4 Days on Market
  • MLS # : U8104230
  • Updated Date : 11/13/2020 at 10:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,148 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful Wyndtree Trinity home on a quiet cul-de-sac with an oversized lot backing to conservation and a tranquil pond. French front doors invite you in to a fully updated 4 bedroom, 3 bath open plan home with 14 foot cathedral ceilings. A large, updated kitchen with wood raised-panel cabinets and granite countertops, a tiled backsplash and a large breakfast bar opens to both the family room and sunny breakfast nook. The spacious master suite is luxurious with a jetted soaking tub, separate shower, dual vanities and sliders to the lanai. Faux wood tile floors throughout the entire home and new A/C in 2016(per the seller). Sixteen feet of sliding glass doors in the family room reveal the lovely covered lanai with a secluded, private pool, TV wall mount, and the large backyard with a firepit area for gathering next to a conservation area. A-rated school districts. Very well maintained.

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: Wyndtree

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $91k400k

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

Neighborhood: Wyndtree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052119

* 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
Trinity Oaks Elementary School Primary Regular 717 55 7
Seven Springs Middle School Middle Regular 1,442 88 9
James W. Mitchell High School High Regular 1,892 117 7

Trinity Oaks Elementary School

  • Education Level: Primary
  • # of students: 717
  • # of teachers: 55
7
GreatSchools Rating

Seven Springs Middle School

  • Education Level: Middle
  • # of students: 1,442
  • # of teachers: 88
9
GreatSchools Rating

James W. Mitchell High School

  • Education Level: High
  • # of students: 1,892
  • # of teachers: 117
7
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,439
Property Tax -$433
Property Insurance -$161
HOA -$60
Property Management Fees -$80
CASH FLOW
-$113

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.

$390,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.4%
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$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$22,859

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,837

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7493$1,7954$2,0605$2,201
$2,201
RENT COMPS ANALYSIS
  • 7516 Cheltnam Ct Trinity, FL 4
    • 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.96
    •  
  • 8510 Hawbuck St Trinity, FL 1
    • 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,985 Sqft ∙ Built 2003
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 1725 Horsechestnut Ct Trinity, FL 2
    • 3 beds 3 baths ∙ 2,083 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,083 Sqft ∙ Built 2002
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.84
    •  
  • 1033 Arlinbrook Dr Trinity, FL 3
    • 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 1994
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 8551 Fenholloway Ct Trinity, FL 5
    • 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2004
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,201
    • $0.92
    •  
PROPERTY LISTING DETAILS
Mimi Desetto
1.727.417.5194
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8104230
Last Updated: 11/13/2020
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