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8101 Maidencane Dr Trinity, FL 34655

5 Beds 3 Baths 2,626 sqft Built 1997

$400,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $152.32
  • 5 Days on Market
  • MLS # : U8112172
  • Updated Date : 02/10/2021 at 12:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,626 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Located in one of Trinity's more established and sought after neighborhoods, Trinity Oaks South! Large home with 5 bedrooms, 3 full bathrooms, 2 car garage and beautiful pool with private conservation views at the back! Enter into the large formal living & dining room with views out to the pool as soon as you enter, plenty of room for full size dining set and living room furniture or pool table, you decide! Through into the really nice size kitchen, family room area, both the formal living & family rooms have pocket sliders that when fully open bring the beautiful outdoors into the inside and is fantastic for entertaining! Kitchen has stainless appliances, tile floors, breakfast bar, pantry and large casual dining area and wherever you are in the living areas of this home you always have a great view of the outside. Family room is the perfect place for being cozy and relaxing with family & friends, you will love it! This home has a triple split floor plan, master bedroom is a true suite with 2 walk-in closets, sliders to the pool area and a large master bathroom with 2 vanities, garden tub and separate shower. There are 3 further bedrooms downstairs, two in the middle of the home have a full bathroom between them and the other is at the back of the house which make a great teen/in-law place with it's privacy and full bathroom which doubles as the pool bath. Upstairs is a large bedroom with closet but could be a home office (so needed in todays world with so many people working from home) media room or whatever you want. This home also has an inside laundry room a 2 car garage with opener giving great storage options and there's a sprinkler system and water softener! Located only 5 minutes from all major stores & restaurants! Easy access to the whole tri-county Tampa Bay area & airports. Awesome school district from elementary, middle & High schools. Close to World class beaches, golf and so much more! Make an appointment today to avoid disappointment!

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: Trinity Oaks South

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k475k

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

Neighborhood: Trinity Oaks South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9052324

* 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
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,389
Property Tax -$444
Property Insurance -$189
HOA -$22
Property Management Fees -$129
CASH FLOW
$117

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.

$400,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.6%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$41,134

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,239

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1003$2,2014$2,2905$2,295
$2,295
RENT COMPS ANALYSIS
  • 8101 Maidencane Dr Trinity, FL 4
    • 5 beds 3 baths ∙ 2,626 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,626 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.87
    •  
  • 1807 Sweetspire Dr Trinity, FL 1
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2005
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 2623 Palesta Dr New Port Richey, FL 2
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 2005
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
  • 8551 Fenholloway Ct Trinity, FL 3
    • 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2004
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,201
    • $0.92
    •  
  • 1519 Swamp Rose Ln Trinity, FL 5
    • 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 2004
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.79
    •  
PROPERTY LISTING DETAILS
Dean Newell
1.727.251.7100
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8112172
Last Updated: 02/10/2021
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