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8603 Huntfield St Tampa, FL 33635

3 Beds 3 Baths 2,075 sqft Built 1990

$368,500

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $177.59
  • 4 Days on Market
  • MLS # : T3296639
  • Updated Date : 03/26/2021 at 12:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,075 sqft
  • Baths : 2 full , 1 half
Listing Agent

Buyers Home Store

Listing Agent's Description

LOCATION, LOCATION....WONDERFUL COUNTRYWAY/WESTCHASE AREA! The OPEN FLOOR PLAN features a great room with a vaulted ceiling. Fun and relaxation couldn't get any better than walking through the french doors to your PRIVATE POOL with a screened LANAI, and tranquil pond view. The updated kitchen is light and bright and features plenty of cabinet space, with stainless appliances. granite counters and breakfast bar w/pass-thru to the den area. On the first floor, the spacious master suite offers not only french doors to the pool/lanai, but a fireplace for those cooler nights. The two secondary bedrooms located up stairs, allowing a little privacy to all. With NO CDD and a LOW HOA, COUNTRYWAY is the PERFECT LOCATION with nearby parks, schools, and GOLF COURSE! IT'S NOT JUST A HOME....BUT A LIFESTYLE!!

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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: Glen Oaks at Countryway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Glen Oaks at Countryway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8772007

* 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
Lowry Elementary School Primary Regular 834 66 6
Farnell Middle School Middle Regular 1,356 75 9
Alonso High School High Regular 2,607 136 5

Lowry Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 66
6
GreatSchools Rating

Farnell Middle School

  • Education Level: Middle
  • # of students: 1,356
  • # of teachers: 75
9
GreatSchools Rating

Alonso High School

  • Education Level: High
  • # of students: 2,607
  • # of teachers: 136
5
GreatSchools Rating
 

$331,650$405,350$368,500

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,280
Property Tax -$453
Property Insurance -$156
HOA -$43
Property Management Fees -$129
CASH FLOW
$79

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.

$368,500

PROJECTED PRICE

$2,140

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.4%
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$20k

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$103,403

INVESTMENT

$103,403

Down Payment
$92,125
Rehab Estimate
$5,750
Closing Costs
$5,528

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,280

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,125
Loan Amount $276,375
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$34,690

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,231

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1403$2,2004$2,3955$2,400
$2,400
RENT COMPS ANALYSIS
  • 8603 Huntfield St Tampa, FL 2
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.03
    •  
  • 9602 Fredericksburg Rd Tampa, FL 1
    • 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 1994
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.05
    •  
  • 11204 Pocket Brook Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1989
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.08
    •  
  • 11219 Pocket Brook Dr Tampa, FL 4
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1990
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.04
    •  
  • 10403 Lightner Bridge Dr Tampa, FL 5
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1997
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.13
    •  
PROPERTY LISTING DETAILS
Bob Ortolano
1.727.492.8824
Buyers Home Store
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296639
Last Updated: 03/26/2021
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