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

871 Inverry Dr Oldsmar, FL 34677

3 Beds 2 Baths 1,984 sqft Built 1994

$425,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $214.21
  • 2 Days on Market
  • MLS # : U8104737
  • Updated Date : 11/15/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,984 sqft
  • Baths : 2 full
Listing Agent

Coastal Properties Group

Listing Agent's Description

Welcome Home to this Immaculate 3 bed, 2 bath Pool Home situated Perfectly on a Pond View Lot Located in the Prestigious Worthington Subdivision of East Lake Woodlands! This is more than just a Home, this is a Lifestyle! Live the Florida Resort Lifestyle with the Exclusive 24-Hr. Manned, Gated Community of East Lake Woodlands! Featuring a Private Country Club, 2 Championship Golf Courses, Multiple Pools, Tennis Courts & Fitness Center. Admire your New Home as you are walking up to the covered front porch and double door entry. Enter the front doors and you will feel at home immediately from the quaint formal Living Room with sliders looking out to the Gorgeous Pool over looking the Pond! Walk into the Kitchen which is open to the Great Room with a cozy, Wood Burning Fireplace to snuggle up to on those select cooler evenings! This Main Room also opens up to the Oasis outback. And stepping outside, you will marvel at the Pristine Brick Paved Patio and Covered Lanai with your Heated, Pebble Tec Pool and Spa! Treat yourself to countless nights or weekends Relaxing in your Spa or Pool after a long hard day or week of work! Or enjoy your morning coffee on your covered lanai, as the sun rises every morning over the Beautiful Pond and Trees outback. You can enjoy the many trails to exercise on every day as well. Take in all of the Nature that fully encompasses this Amazing Community! You will feel like you are away on vacation, away from everything, but yet still so conveniently located close to Restaurants, Grocery Stores, Shops, Malls, World Renown & Award-Winning White Sandy Beaches, short commutes to the Tampa or St. Pete Airports and close to Downtown Tampa & St. Petersburg as well. This home has it all and is calling your name! Schedule your viewing today! Side note, there is an ”Owners Only” remote controlled entrance and exit gate just around the corner from this home, so once you live here you do not need to go in and out of the public guarded gate area. Also, the Roof is only 6 Years Old!

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

Neighborhood: Worthington

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $91k559k

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

Neighborhood: Worthington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9052692

* 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
Forest Lakes Elementary School Primary Regular 560 41 8
Joseph L. Carwise Middle School Middle Regular 1,067 60 7
East Lake High School High Regular 2,091 103 8

Forest Lakes Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 41
8
GreatSchools Rating

Joseph L. Carwise Middle School

  • Education Level: Middle
  • # of students: 1,067
  • # of teachers: 60
7
GreatSchools Rating

East Lake High School

  • Education Level: High
  • # of students: 2,091
  • # of teachers: 103
8
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,568
Property Tax -$537
Property Insurance -$152
HOA -$113
Property Management Fees -$80
CASH FLOW
-$170

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.

$425,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.3%
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-$5.0k$0.0$5.0k$10k$15k

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$19,786

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,296

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2003$2,2804$2,3005$2,700
$2,700
RENT COMPS ANALYSIS
  • 871 Inverry Dr Oldsmar, FL 3
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.15
    •  
  • 859 Christina Cir Oldsmar, FL 1
    • 3 beds 3 baths ∙ 1,995 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,995 Sqft ∙ Built 1994
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.10
    •  
  • 4789 Pebble Brook Dr Oldsmar, FL 2
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1997
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.12
    •  
  • 348 Ventura Dr Oldsmar, FL 4
    • 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2001
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.14
    •  
  • 4907 Augusta Ave Oldsmar, FL 5
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1995
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.27
    •  
PROPERTY LISTING DETAILS
Christina Devine
1.813.486.6639
Coastal Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8104737
Last Updated: 11/15/2020
BESbswy