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8533 Fawn Creek Dr Tampa, FL 33626

3 Beds 2 Baths 1,797 sqft Built 1998

$349,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $194.71
  • 3 Days on Market
  • MLS # : U8111596
  • Updated Date : 01/30/2021 at 13:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,797 sqft
  • Baths : 2 full
Listing Agent

Century 21 Coastal Alliance

Listing Agent's Description

Move in ready! This stunning Westchase area home is remodeled and updated! This home features a Split floor plan with 3 bedroom, 2 bath, living and dining room, family room, inside laundry and a 2 car garage. Entire home upgraded with waterproof vinyl planking flooring throughout home. Large open kitchen features granite countertops with stainless steel range, refrigerator,dishwasher, and microwave. Generous breakfast nook and closet kitchen pantry. Spacious Master suite leads to stunning Master bedroom; bathroom completely remodeled. Featuring a double size shower, porcelain tile, luxurious rainfall shower feature and double shower bar upgraded with multiple options. Built-in Bluetooth speaker in shower as well. All new granite vanity with double sinks, new faucets. En suite includes a large walk in closet as well. Vaulted ceilings throughout the home with arched doorways, ceiling fans, bright and sunny with sidelight and transom above. French doors lead out to covered and screened Lanai. Relax in the hot tub included as is condition with home. Corner lot with Newer Vinyl Fence. All new sod in the backyard. Newer roof is approximately 2 years old. Fawn Lake annual HOA fee very reasonable. Community Pool and park. Close to Upper Tampa Bay Trail, shopping, Citrus Park Mall and Veterans Expressway. Hurry on this one!

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: Fawn Lake

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $85k373k

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

Neighborhood: Fawn Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052034

* 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
Citrus Park Elementary School Primary Regular 590 52 8
Smith Middle School Middle Regular 854 53 6
Sickles High School High Regular 2,135 110 7

Citrus Park Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 52
8
GreatSchools Rating

Smith Middle School

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

Sickles High School

  • Education Level: High
  • # of students: 2,135
  • # of teachers: 110
7
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,215
Property Tax -$430
Property Insurance -$140
HOA -$58
Property Management Fees -$129
CASH FLOW
$37

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.

$349,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.0%
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

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$29,145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,864

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8503$1,8504$1,9995$2,010
$2,010
RENT COMPS ANALYSIS
  • 8533 Fawn Creek Dr Tampa, FL 5
    • 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $1.12
    •  
  • 8753 Hampden Dr Tampa, FL 1
    • 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1989
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.04
    •  
  • 8613 Fawn Creek Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1999
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 13523 White Elk Loop Tampa, FL 3
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2000
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 13461 Staghorn Rd Tampa, FL 4
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2001
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.08
    •  
PROPERTY LISTING DETAILS
Patricia Gibson Dimeo
1.727.686.3127
Century 21 Coastal Alliance
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8111596
Last Updated: 01/30/2021
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