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7520 Tangle Brook Blvd Gibsonton, FL 33534

3 Beds 3 Baths 2,780 sqft Built 2013

$275,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $98.92
  • 5 Days on Market
  • MLS # : T3275460
  • Updated Date : 11/11/2020 at 10:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,780 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome home to this roomy 3 bedroom, 2.5 bath home. As you enter the home you find the living room/dining room flex space. Just past that is the great room overlooking the kitchen and dinette area. The extra large kitchen is complete with tons of wood cabinets and newer stainless steel appliances. The extra high ceilings adds to the openness and spacious feel. Out back you will love the covered lanai and fenced in backyard with no rear neighbors, as you overlook the conservation area. Upstairs you will find all three bedrooms plus a large loft bonus area. The master bedroom walk in closet is bigger than most bedrooms! Also located upstairs for convenience is your laundry room. Convenient to shopping with groceries, retail and restaurants near by. Call today to schedule your private showing.

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
 

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

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,015
Property Tax -$359
Property Insurance -$198
HOA -$26
Property Management Fees -$80
CASH FLOW
-$18

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

$1,660

PROJECTED RENT

0.60%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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 50% 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

5.42

YEARS SAVED

$18,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,703

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6604$1,7805$1,850
$1,850
RENT COMPS ANALYSIS
  • 7520 Tangle Brook Blvd Gibsonton, FL 3
    • 3 beds 3 baths ∙ 2,780 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,780 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.60
    •  
  • 12034 Citrus Leaf Dr Gibsonton, FL 1
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2006
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.64
    •  
  • 7608 Dragon Fly Loop Gibsonton, FL 2
    • 4 beds 3 baths ∙ 2,926 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,926 Sqft ∙ Built 2005
    property image
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.56
    •  
  • 11549 Tangle Stone Dr Gibsonton, FL 4
    • 3 beds 3 baths ∙ 2,886 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,886 Sqft ∙ Built 2014
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.62
    •  
  • 7702 Dragon Fly Loop Gibsonton, FL 5
    • 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2005
    property image
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.63
    •  
PROPERTY LISTING DETAILS
Melissa Didato
1.813.503.0877
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275460
Last Updated: 11/11/2020
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