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8706 Charming Knoll Ct Tampa, FL 33635

4 Beds 2 Baths 2,094 sqft Built 1989

$365,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $174.31
  • 7 Days on Market
  • MLS # : U8106744
  • Updated Date : 12/11/2020 at 12:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,094 sqft
  • Baths : 2 full
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

Great home is Countryway, freshly painted inside and out, with beautiful pavered driveway and walkways. Enter into L shaped living room dining room combination, highlighted with crown molding and plant shelves. Dining room has slider to a huge screened porch, perfect as a year round play and entertainment area. One side of the Living room leads to the family room and the other to dining room which leads to the kitchen with a breakfast bar open to the family room complete with vaulted ceilings & fireplace. Eat in Kitchen has lots of cabinets and two pantries two sinks, new dishwasher and refrigerator 2020. Slider also leads out to the screened porch. Split bedroom plan. Primary Bedroom on one side and 3 additional bedrooms on the other side. Large Primary Suite has sliders out to the porch. Primary bath has a double vanity, soaker tub, separate shower with dual heads, large walk in closet and a separate linen closet. Off the family room are 3 additional bedrooms. One is currently being used as an office. Hall bath also has a door to the screened porch. Large fenced in backyard with plenty of room for a pool. Fence is about 3 years old. Roof is 2011, Hvac in 2006 with new UV light in 2020 and water heater in 2014. Ideal location. Countryway Golf Club and Courntryway Park are right across the street from the entrance to the neighborhood on Waters. A couple miles down on Waters is also the Upper Hillsborough Trails, YMCA and a Doggie Park. Call today for your own private tour.

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: Bay Brook at Countryway

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $85k416k

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

Neighborhood: Bay Brook at Countryway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9052280

* 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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,347
Property Tax -$430
Property Insurance -$157
HOA -$29
Property Management Fees -$129
CASH FLOW
$128

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.

$365,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.61%

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$47,612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,183

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,2003$2,2004$2,2205$2,395
$2,395
RENT COMPS ANALYSIS
  • 8706 Charming Knoll Ct Tampa, FL 4
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.06
    •  
  • 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
    •  
  • 10206 Lockwood Pines Ln Tampa, FL 2
    • 3 beds 2 baths ∙ 2,191 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,191 Sqft ∙ Built 1993
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
  • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Pamela Cohn
1.727.204.7155
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8106744
Last Updated: 12/11/2020
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