Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8554 Canterbury Lake Blvd Tampa, FL 33619

3 Beds 2 Baths 2,040 sqft Built 2004

$280,200

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $137.35
  • 3 Days on Market
  • MLS # : W7830547
  • Updated Date : 02/06/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,040 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Wonderful 3 bedroom, 2 bathroom, single story home in Tampa. Upon arriving at this home, you are welcomed into a foyer that leads to a spacious formal dining room and family room complete with tile floors, ceiling fan, and a triple slider. The kitchen is equipped with stainless steel appliances, closet pantry, large breakfast nook, and ample counter space. The large primary bedroom features tray ceilings, double sliding door to the lanai, and an en suite bathroom with dual sink vanity, huge walk-in shower, and a walk-in closet with custom built shelves. Outside, you can relax on the large screened lanai and soak up the Florida sun with views of the lake. Located in the Palm River-Clair Mel area, this home is convenient to shops, restaurants, and I-75 for an easy commute to Downtown Tampa and surrounding areas.

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
 

$252,180$308,220$280,200

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$973
Property Tax -$345
Property Insurance -$154
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.

$280,200

PROJECTED PRICE

$1,690

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$80,003

INVESTMENT

$80,003

Down Payment
$70,050
Rehab Estimate
$5,750
Closing Costs
$4,203

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,050
Loan Amount $210,150
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$23,160

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,719

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,7003$1,7504$1,7505$1,895
$1,895
RENT COMPS ANALYSIS
  • 8554 Canterbury Lake Blvd Tampa, FL 1
    • 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.83
    •  
  • 9023 Aspen Hollow Pl Riverview, FL 2
    • 3 beds 3 baths ∙ 2,084 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,084 Sqft ∙ Built 2009
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 8552 Canterbury Lake Blvd Tampa, FL 3
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2004
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 4204 Game Day Ct Tampa, FL 4
    • 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2006
    property image
    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
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
PROPERTY LISTING DETAILS
Joe Locicero
1.813.435.5411
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830547
Last Updated: 02/06/2021
BESbswy