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8701 Eagle Cove Ct Tampa, FL 33635

3 Beds 2 Baths 2,259 sqft Built 1995

$429,999

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $190.35
  • 4 Days on Market
  • MLS # : T3287747
  • Updated Date : 02/05/2021 at 15:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,259 sqft
  • Baths : 2 full
Listing Agent

Excel Realty Of Florida

Listing Agent's Description

Beautiful 3 bedroom, 2 bath, 1 office, single family home at 2259 square feet. This home is the corner lot in a cul de sac in the highly desirable Countryway area. The home offers a formal living room and an open floor plan with light and warmth throughout the home. Spend your time relaxing in the large family room which offers a ton of space for entertainment. Master Bedroom on one side and 2 additional bedrooms on the other side. LARGE Master Bedroom with a walk in closet and bathroom which offers a large shower, garden bathtub, and vanity sinks. Beautiful kitchen with a breakfast bar that opens up to the family room which is completed with a wood burning fireplace. Open the patio doors to the screened in patio and take a dip in the pool and enjoy some fun in the sun in your fenced backyard with tons of patio space. The pool's Marcite was refinished in 2016. Roof was replaced in 2016 as well as the AC unit in Dec of 2017. Fresh interior paint, a two car garage with tons of space for storage in the attic. This home has been well cared for and is MOVE IN READY. Walking distance to the Countryway Golf Club and Countryway Park. A couple miles down is the Upper Tampa Bay Trails, YMCA and a Dog Park.  Located close to great schools, amazing restaurants and easy access to Tampa International Airport, Veterans Expressway and I-275, Citrus Park Mall and much more. COME AND SEE YOUR NEXT HOME TODAY!

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: Stony Brook at Countryway

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $85k471k

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

Neighborhood: Stony Brook at Countryway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052416

* 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
 

$386,999$472,999$429,999

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,494
Property Tax -$529
Property Insurance -$167
HOA -$49
Property Management Fees -$129
CASH FLOW
-$7

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.

$429,999

PROJECTED PRICE

$2,360

PROJECTED RENT

0.55%

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$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,499
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$30,582

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,423

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3603$2,3954$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 8701 Eagle Cove Ct Tampa, FL 2
    • 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.04
    •  
  • 11204 Pocket Brook Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1989
    property image
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.08
    •  
  • 11219 Pocket Brook Dr Tampa, FL 3
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 1990
    property image
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.04
    •  
  • 10403 Lightner Bridge Dr Tampa, FL 4
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1997
    property image
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.13
    •  
  • 10364 Lightner Bridge Dr Tampa, FL 5
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1997
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Kaylene Heiss
1.813.325.0425
Excel Realty Of Florida
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287747
Last Updated: 02/05/2021
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