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8611 Firefly Pl Parrish, FL 34219

3 Beds 3 Baths 2,289 sqft Built 2019

$339,990

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $148.53
  • 2 Days on Market
  • MLS # : R4904069
  • Updated Date : 12/20/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,289 sqft
  • Baths : 2 full , 1 half
Listing Agent

Floriwest Realty Group, Llc

Listing Agent's Description

***Lease back opportunity!** Welcome home to the Celebration! The standard layout includes 3 bedrooms, 2 ½ bathrooms, a large bonus room, an additional flex area, and a 2-car garage. Enter a grand foyer with stairs leading up one side, and a powder room. Walk through the foyer and down the hall, a laundry room sits off to the side with an optional drop zone, creating a seamless transition for the days when you’re running out the door. A flex room sits on the opposite side, giving you the option to turn it into an extra bedroom or a cozy den. Optional doors can provide additional silence and privacy. The kitchen features beautiful countertops and cabinets line two full walls. A high center island has a double sink and offers extra space for seating. A dining room rests in between the kitchen and family room, which is the perfect flow of living space for maximum entertaining. The master suite sits off to the side and opens to the covered lanai for peaceful outdoor living. Master bath features dual vanities and a large walk-in closet. Heading upstairs, the hallway is open to below, creating high ceilings and offering a wonderful amount of light. Two bedrooms reside upstairs with a large bonus room that could be a fourth bedroom. The 2nd full bath is on the second floor. The Celebration is a flexible and personalized home for those wanting a modern and spacious design. **Virtual tour is for representational purposes only**

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 34219

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $120k409k

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

Zip Code: 34219

ZipNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000210022002300240025002600Rent in $11862642

* 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
Mills Elementary School Primary Regular 1,160 66 6
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Mills Elementary School

  • Education Level: Primary
  • # of students: 1,160
  • # of teachers: 66
6
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$305,991$373,989$339,990

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,254
Property Tax -$366
Property Insurance -$176
HOA -$17
Property Management Fees -$129
CASH FLOW
$86

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 7% of earned rent to cover both maintenance and periods of vacancy.

$339,990

PROJECTED PRICE

$2,030

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 3.00%
Vacancy 3.70%
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$92,097

INVESTMENT

$92,097

Down Payment
$84,998
Rehab Estimate
$2,000
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,998
Loan Amount $254,993
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$38,499

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,075

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,8503$1,9004$2,030
$2,030
RENT COMPS ANALYSIS
  • 8611 Firefly Pl Parrish, FL 4
    • 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.89
    •  
  • 5525 106th Ave E Parrish, FL 1
    • 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2012
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.88
    •  
  • 5614 106th Ave E Parrish, FL 2
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 2012
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 5816 111th Ave E Parrish, FL 3
    • 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2014
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
PROPERTY LISTING DETAILS
Cindy Warren
1.941.928.7691
Floriwest Realty Group, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: R4904069
Last Updated: 12/20/2020
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