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

8952 Bel Meadow Way Trinity, FL 34655

4 Beds 3 Baths 2,795 sqft Built 1995

$440,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $157.42
  • 2 Days on Market
  • MLS # : T3277215
  • Updated Date : 11/21/2020 at 16:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,795 sqft
  • Baths : 3 full
Listing Agent

Re/max Capital Realty

Listing Agent's Description

Gorgeous 4 bedroom/3 bath pool home in in highly sought-after gated Villages at Fox Hollow West in Trinity. The floor plan is open, bright and airy. The kitchen features white raised-panel cabinets, Corian counters, double sink and reverse osmosis system. The spacious Family Room With Gas Fireplace and Sliding Doors overlook the screened lanai and pool. Relax and enjoy a BBQ on your outdoor kitchen. Truly the Florida lifestyle! The large master suite is located on one side of the home and has 2 walk-in closets. The master Bath features a garden tub (perfect for long hot baths), separate shower and His/hers vanities. The other 3 bedrooms and 2 baths are on the opposite side of the home with the indoor laundry and pool bath off of the 4th bedroom - perfect for in-law suite or office. This home needs some updating but has been meticulously maintained. Villages at Fox Hollow West is a gated community conveniently located near shopping, restaurants, golfing, Top Rated area schools and much more!

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: The Villages at Fox Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k474k

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

Neighborhood: The Villages at Fox Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200Rent in $9052387

* 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
Trinity Elementary School Primary Regular 580 38 9
Seven Springs Middle School Middle Regular 1,442 88 9
James W. Mitchell High School High Regular 1,892 117 7

Trinity Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 38
9
GreatSchools Rating

Seven Springs Middle School

  • Education Level: Middle
  • # of students: 1,442
  • # of teachers: 88
9
GreatSchools Rating

James W. Mitchell High School

  • Education Level: High
  • # of students: 1,892
  • # of teachers: 117
7
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,623
Property Tax -$488
Property Insurance -$199
HOA -$80
Property Management Fees -$80
CASH FLOW
$39

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.

$440,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.3%
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$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$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$43,183

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,320

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2953$2,510
$2,510
RENT COMPS ANALYSIS
  • 8952 Bel Meadow Way Trinity, FL 3
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.90
    •  
  • 10736 Firebrick Ct Trinity, FL 1
    • 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2002
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.87
    •  
  • 1519 Swamp Rose Ln Trinity, FL 2
    • 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,890 Sqft ∙ Built 2004
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.79
    •  
PROPERTY LISTING DETAILS
Nancy Cross
1.813.789.7836
Re/max Capital Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277215
Last Updated: 11/21/2020
BESbswy