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7834 Tuscany Woods Dr Tampa, FL 33647

4 Beds 3 Baths 2,941 sqft Built 2011

$374,900

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $127.47
  • 3 Days on Market
  • MLS # : A4490084
  • Updated Date : 01/30/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,941 sqft
  • Baths : 2 full , 1 half
Listing Agent

Low List Fee Realty

Listing Agent's Description

SPECTACULAR 4 bd, 2 1/2 bath + Office + Loft Home in Sought After Gated and Maintenance Free Tuscany Woods Community of Tampa Palms. Situated on a PREMIUM Lot with Tranquil Pond and Conservation views...NO REAR NEIGHBORS! This Stunning Home Boasts Wood look tile throughout the downstairs living areas, a study/office with double French entry doors, separate dining room and a Large Open Kitchen with Stainless Steel appliances, a center Island, walk in pantry and an eat at Breakfast Bar. The Kitchen Opens to a Spacious Living Room with sliding doors that lead out to a covered Patio AND a wonderful extended screened enclosed Lanai overlooking a beautiful pond and conservation views. Perfect spot to sip your morning coffee and watch the ducks, deer, & assorted birds. The Master Suite is downstairs and offers a large walk in closet, Garden Tub and separate shower. Upstairs you will find a Large Loft/Bonus area, full bathroom and 3 generous sized secondary bed rooms. Live the Florida Lifestyle in your own backyard. Sit out on the Lanai and enjoy peace and quiet or perfect for your social gatherings. Convenient to major highways, shopping, great restaurants, YMCA, Hospitals, New Outlet Mall and more!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Tampa Palms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $85k374k

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

Neighborhood: Tampa Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9052351

* 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
Tampa Palms Elementary School Primary Regular 845 71 7
Liberty Middle School Middle Regular 1,202 68 6
Freedom High School High Regular 2,069 103 4

Tampa Palms Elementary School

  • Education Level: Primary
  • # of students: 845
  • # of teachers: 71
7
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 1,202
  • # of teachers: 68
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 2,069
  • # of teachers: 103
4
GreatSchools Rating
 

$337,410$412,390$374,900

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,302
Property Tax -$451
Property Insurance -$206
HOA -$140
Property Management Fees -$129
CASH FLOW
$281

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.

$374,900

PROJECTED PRICE

$2,510

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.2%
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$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,302

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$53,759

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,875

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,510
1$2,5102$2,6503$2,7004$2,8005$2,950
$2,950
RENT COMPS ANALYSIS
  • 7834 Tuscany Woods Dr Tampa, FL 1
    • 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.85
    •  
  • 16364 Hyde Manor Dr Tampa, FL 2
    • 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2017
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.92
    •  
  • 7917 Tuscany Woods Dr Tampa, FL 3
    • 4 beds 4 baths ∙ 2,806 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,806 Sqft ∙ Built 2013
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.96
    •  
  • 16351 Hyde Manor Dr Tampa, FL 4
    • 4 beds 4 baths ∙ 2,807 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,807 Sqft ∙ Built 2017
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
  • 6615 Thornton Palms Dr Tampa, FL 5
    • 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2006
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.03
    •  
PROPERTY LISTING DETAILS
John Kromer
1.813.610.0150
Low List Fee Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4490084
Last Updated: 01/30/2021
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