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8325 Canterbury Lake Blvd Tampa, FL 33619

4 Beds 2 Baths 1,857 sqft Built 2003

$285,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $153.47
  • 3 Days on Market
  • MLS # : T3280262
  • Updated Date : 12/12/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,857 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Gorgeous single story home in the in the lovely community of Canterbury Lakes in Tampa, FL. Enjoy the great location of this home and all the city of Tampa has to offer. Close to downtown Tampa, Ybor City and the Channel side district. Close to great shopping, dining and the Brandon Town Center Mall. You'll be happy you chose this location. When you're at home relaxing, you'll be able to enjoy all the spacious rooms including a formal dining and living area, family room, large kitchen with lots of counter space and cabinets. The kitchen also has an eat in breakfast space. There are 4 bedrooms and 2 full bathrooms. If that's not enough, the roof is just one year old, AC system is a young 4 years old and the laminate flooring was just installed last year. That's right, no carpet! Also, enjoy your fully fenced in back yard year round. The back of the home also has a screened in patio for outdoor living space where you can enjoy a cup a coffee as you look out onto the beautiful and peaceful creek that is right behind your new home. Don't hesitate as you know homes are selling fast so call now and schedule your own private showing.

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: 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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,052
Property Tax -$350
Property Insurance -$144
HOA -$34
Property Management Fees -$129
CASH FLOW
$1

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.

$285,000

PROJECTED PRICE

$1,710

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$22,975

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,685

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,6504$1,6755$1,710
$1,710
RENT COMPS ANALYSIS
  • 8325 Canterbury Lake Blvd Tampa, FL 5
    • 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.92
    •  
  • 8038 Canterbury Lake Blvd Tampa, FL 1
    • 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 9012 Aspen Hollow Pl Riverview, FL 2
    • 3 beds 3 baths ∙ 1,826 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,826 Sqft ∙ Built 2013
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 3910 Bellewater Blvd Riverview, FL 3
    • 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 1999
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 3705 Bellewater Blvd Riverview, FL 4
    • 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2000
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.93
    •  
PROPERTY LISTING DETAILS
Ronald Leon, Pa
1.813.802.7777
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280262
Last Updated: 12/12/2020
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