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8310 Drycreek Dr Tampa, FL 33615

4 Beds 3 Baths 1,150 sqft Built 1972

$245,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $213.04
  • 5 Days on Market
  • MLS # : T3273772
  • Updated Date : 11/04/2020 at 12:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,150 sqft
  • Baths : 3 full
Listing Agent

Out Fast Realty & Investments Llc

Listing Agent's Description

3 bedroom 2 bath home located in the the heart of Town N Country. Would you like to live rent free? This home has a separate mother-in-law-suite with a room, bathroom, Livingroom, dining room and kitchen. No HOA or CDD fees. This home has a bright new roof and AC. Spacious dining area with wood flooring leading to huge kitchen, It features a split bedroom arrangement for privacy. Come enjoy the cover lanai and a huge fence backyard. This community is conveniently located just minutes away from Restaurants, Fitness Centers, Veterans Expressway, Tampa Airport & much more!!! Schedule your private showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pinehurst

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Pinehurst

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
Bellamy Elementary School Primary Regular 706 62 5
Smith Middle School Middle Regular 854 53 6
Alonso High School High Regular 2,607 136 5

Bellamy Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 62
5
GreatSchools Rating

Smith Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 53
6
GreatSchools Rating

Alonso High School

  • Education Level: High
  • # of students: 2,607
  • # of teachers: 136
5
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$904
Property Tax -$301
Property Insurance -$103
Property Management Fees -$80
CASH FLOW
$82

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.

$245,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 7.5%
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

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$28,736

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $1,389

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4003$1,4504$1,4705$1,475
$1,475
RENT COMPS ANALYSIS
  • 8310 Drycreek Dr Tampa, FL 4
    • 4 beds 3 baths ∙ 1,150 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,150 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.28
    •  
  • 9207 Dalwood Ct Tampa, FL 1
    • 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1985
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.15
    •  
  • 8912 Shady Tree Ct Tampa, FL 2
    • 3 beds 2 baths ∙ 1,097 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,097 Sqft ∙ Built 1978
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.28
    •  
  • 8711 Sage Ct Tampa, FL 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1976
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.21
    •  
  • 9703 Kings Canyon Pl Tampa, FL 5
    • 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1992
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.19
    •  
PROPERTY LISTING DETAILS
Ana Benitez
1.813.405.7719
Out Fast Realty & Investments Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273772
Last Updated: 11/04/2020
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