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8323 Canterbury Lake Blvd Tampa, FL 33619

4 Beds 2 Baths 2,151 sqft Built 2003

$300,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $139.47
  • 3 Days on Market
  • MLS # : T3284713
  • Updated Date : 01/15/2021 at 10:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,151 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Welcome to the desirable community of Canterbury Lakes subdivision. Home has some of the following features: high ceilings, 4 large bedroom 2 full baths, with screened porch and patio. The kitchen is completely remodeled with granite countertop, new cabinets and all new stainless steel appliances. New carpet installed in 2018 in living room, family room and all bedrooms. Kitchen, hallway and bathrooms have stone tiles. Great location within 2.5 miles to Brandon Mall, Costco, Target, Walmart, Home Depot, Publix and a host of wonderful eateries. On breezy days the lake behind appears like a beautiful smooth flowing river. Tampa Airport is less than 18 miles away and Tampa downtown, Ybor city and Channel side are less than 10 miles away. Hurry up and schedule a showing of this property. Homes like this with a low HOA fee are hard to find and will sell quickly!

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: Greater Palm River Point

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $54k238k

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

Neighborhood: Greater Palm River Point

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
Frost Elementary School Primary Regular 857 66 6
Giunta Middle School Middle Regular 951 61 1
Spoto High School High Regular 1,449 88 3

Frost Elementary School

  • Education Level: Primary
  • # of students: 857
  • # of teachers: 66
6
GreatSchools Rating

Giunta Middle School

  • Education Level: Middle
  • # of students: 951
  • # of teachers: 61
1
GreatSchools Rating

Spoto High School

  • Education Level: High
  • # of students: 1,449
  • # of teachers: 88
3
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,042
Property Tax -$369
Property Insurance -$161
HOA -$34
Property Management Fees -$129
CASH FLOW
$55

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.

$300,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 5.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$24,490

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,812

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,7504$1,7905$1,895
$1,895
RENT COMPS ANALYSIS
  • 8323 Canterbury Lake Blvd Tampa, FL 4
    • 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.83
    •  
  • 9023 Aspen Hollow Pl Riverview, FL 1
    • 3 beds 3 baths ∙ 2,084 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,084 Sqft ∙ Built 2009
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 8552 Canterbury Lake Blvd Tampa, FL 2
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2004
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 4204 Game Day Ct Tampa, FL 3
    • 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2006
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 8107 Water Tower Dr Tampa, FL 5
    • 3 beds 2 baths ∙ 2,168 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,168 Sqft ∙ Built 2006
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
PROPERTY LISTING DETAILS
Lisa Mauriello
1.813.817.5537
Redfin Corporation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284713
Last Updated: 01/15/2021
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