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7604 Limebury Ct Tampa, FL 33625

3 Beds 2 Baths 1,330 sqft Built 1987

$219,900

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $165.34
  • 2 Days on Market
  • MLS # : T3279283
  • Updated Date : 12/06/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,330 sqft
  • Baths : 2 full
Listing Agent

Oxygen Realty

Listing Agent's Description

This Charming 3 bedroom 2 bathroom home located in the heart of Citrus park and convenient to all, shopping, dining, easy access to Veteran's Expressway and to all three levels of schooling for any family. Both the Elementary and Middle School are directly across the street 100 yards away, and the High School is only 3 blocks away and very easy to walk to. This home features a split floor plan with two rooms that share one full bathroom and the Kitchen at the front of the home and the Master bedroom with private bathroom are located in the back of the home with the living room in between. This home also features a screened in private patio along with a completely fenced in backyard with a separate storage shed. This Home won't last long call today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
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
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$811
Property Tax -$270
Property Insurance -$113
HOA -$50
Property Management Fees -$129
CASH FLOW
$116

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.

$219,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.68%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$32,666

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,480

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,4904$1,5005$1,575
$1,575
RENT COMPS ANALYSIS
  • 7604 Limebury Ct Tampa, FL 3
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.12
    •  
  • 14057 Citrus Pointe Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1986
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.08
    •  
  • 7616 Limebury Ct Tampa, FL 2
    • 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1987
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
  • 7605 Limebury Ct Tampa, FL 4
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1986
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 7603 Caracal Ct Tampa, FL 5
    • 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1987
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.18
    •  
PROPERTY LISTING DETAILS
Derek Hessler
1.813.504.6604
Oxygen Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279283
Last Updated: 12/06/2020
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