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8413 Canterbury Lake Blvd Tampa, FL 33619

4 Beds 3 Baths 2,459 sqft Built 2004

$299,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $121.96
  • 3 Days on Market
  • MLS # : U8107305
  • Updated Date : 12/12/2020 at 08:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,459 sqft
  • Baths : 3 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Beautiful lake view home with no back neighbors in a great location! Gorgeous updated home with laminate flooring, freshly painted exterior and interior. This home is light and bright with lots of natural light. Master bathroom has double sinks, marble countertops, large garden bath tub, walk in shower, and huge walk in closet. The kitchen has stainless steel appliances, new dishwater and microwave, wood cabinets, granite counters and breakfast eat in area. Garage has utility sink and water softener for the whole house. New roof (2020), water heater (2020). Low HOA and NO CDD! Centrally located near Hwy. 301, I-75, Hwy. 41, Selmon Expressway, Tampa International Airport, Brandon Town Center Shopping, MacDill ABF, and Downtown Tampa.

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,107
Property Tax -$369
Property Insurance -$178
HOA -$34
Property Management Fees -$129
CASH FLOW
$183

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.

$299,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.67%

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$0.0$5.0k$10k$15k$20k

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$44,091

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,961

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$2,0003$2,0004$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 8413 Canterbury Lake Blvd Tampa, FL 5
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 8152 Canterbury Lake Blvd Tampa, FL 1
    • 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2006
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 4728 Woods Landing Ln Tampa, FL 2
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2014
    property image
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 8338 Canterbury Lake Blvd Tampa, FL 3
    • 3 beds 3 baths ∙ 2,480 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,480 Sqft ∙ Built 2003
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 3520 Osprey Cove Dr Riverview, FL 4
    • 4 beds 2 baths ∙ 2,520 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,520 Sqft ∙ Built 2002
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
PROPERTY LISTING DETAILS
Vanessa Denny
1.727.804.1451
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8107305
Last Updated: 12/12/2020
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