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7823 111th Ter E Parrish, FL 34219

4 Beds 2 Baths 1,843 sqft Built 2013

$279,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $151.38
  • 3 Days on Market
  • MLS # : A4486524
  • Updated Date : 12/19/2020 at 13:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,843 sqft
  • Baths : 2 full
Listing Agent

Le Grande Realty Inc

Listing Agent's Description

LOVE WHERE YOU LIVE!!! Gorgeous 4 Bedroom Home in the highly desired, gated Copperstone Community! Entertainer's kitchen featuring granite counters, wood cabinets and an expansive island. Superbly designed open floor plan. Kitchen opens up to lanai with a water view, perfect for indoor/outdoor living and entertaining. Backyard is newly fenced. This home also boasts the highly desired split floor layout for the bedrooms, maximizing privacy throughout. Large master bedroom with en-suite bath and walk in closet. The Copperstone community features so many amenties; two swimming pools, club house, gym, tennis courts, playgrounds and recreation areas. The LOW HOA fees also include upgraded cable and internet. Easy access to I-75 allows for a commute to Sarasota and Tampa/St. Pete. Minutes away from the amazing Ellenton Outlets for an abundance of shopping and dining options! Parrish is the hottest market in the area right now! This home is a MUST SEE! Schedule your tour today!

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: Copperstone

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $106k342k

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

Neighborhood: Copperstone

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000Rent in $11342041

* 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
Mills Elementary School Primary Regular 1,160 66 6
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Mills Elementary School

  • Education Level: Primary
  • # of students: 1,160
  • # of teachers: 66
6
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,029
Property Tax -$324
Property Insurance -$149
HOA -$146
Property Management Fees -$129
CASH FLOW
$93

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$279,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$31,050

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,671

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,8503$1,8704$1,900
$1,900
RENT COMPS ANALYSIS
  • 7823 111th Ter E Parrish, FL 3
    • 4 beds 2 baths ∙ 1,843 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,843 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.01
    •  
  • 5525 106th Ave E Parrish, FL 1
    • 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2012
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.88
    •  
  • 5614 106th Ave E Parrish, FL 2
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 2012
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 5816 111th Ave E Parrish, FL 4
    • 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2014
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
PROPERTY LISTING DETAILS
Andrea Needham
1.614.778.6682
Le Grande Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4486524
Last Updated: 12/19/2020
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