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9038 Tree Valley Cir Tampa, FL 33615

3 Beds 1 Baths 1,160 sqft Built 1972

$220,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $189.66
  • 2 Days on Market
  • MLS # : T3280367
  • Updated Date : 12/13/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,160 sqft
  • Baths : 1 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

DON'T MISS THIS OPPORTUNITY of a Move In Ready home in Town N Country! This 3 bedroom 1 bath home offers a bright open floor plan with Living-room, Family room & inside laundry room. A/C was upgraded in 2014, and Roof replaced in 2011. The home also features double pane windows. All appliances plus washer & dryer are included. Huge backyard great for entertaining. The location is perfect! Minutes to the Veterans Expressway, walk to the Upper Tampa Bay Trail. Plenty of shopping and dining minutes away. Call today to schedule your appointment.

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: Pinehurst

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Pinehurst

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
Bellamy Elementary School Primary Regular 706 62 5
Smith Middle School Middle Regular 854 53 6
Alonso High School High Regular 2,607 136 5

Bellamy Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 62
5
GreatSchools Rating

Smith Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 53
6
GreatSchools Rating

Alonso High School

  • Education Level: High
  • # of students: 2,607
  • # of teachers: 136
5
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$812
Property Tax -$271
Property Insurance -$103
Property Management Fees -$129
CASH FLOW
$46

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.

$220,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$23,017

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,378

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3603$1,4754$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 9038 Tree Valley Cir Tampa, FL 2
    • 3 beds 1 baths ∙ 1,160 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,160 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.17
    •  
  • 9207 Dalwood Ct Tampa, FL 1
    • 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1985
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.15
    •  
  • 9703 Kings Canyon Pl Tampa, FL 3
    • 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1992
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.19
    •  
  • 7204 Riverwood Blvd Tampa, FL 4
    • 3 beds 2 baths ∙ 1,169 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,169 Sqft ∙ Built 1971
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.28
    •  
  • 8819 W Robson St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1980
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Yanessa Ricardo
1.813.480.2678
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280367
Last Updated: 12/13/2020
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