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9115 46th Ct E Parrish, FL 34219

5 Beds 3 Baths 2,705 sqft Built 2019

INVESTimate

$329,576

List Price

$1,820

$1,638 - $2,002

Rent Est.

$351,789  ( +6.74%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $121.84
  • 3 Days on Market
  • MLS # : T3260029
  • Updated Date : 08/24/2020 at 14:27
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,705 sqft
  • Baths : 2 full , 1 half
Listing Agent

Adams Homes Realty,inc.

Listing Agent's Description

Adams Homes most popular model. This amazing 5/3/2 . Tile is everywhere except the bedrooms. Covered lanai, upgraded cabients Ready to move in now. Don't let this one pass you by. NO CDD community and builder will pay closing costs with preferred lender.

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Ancient Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $121k409k

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

Neighborhood: Ancient Oaks

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000210022002300240025002600Rent in $11862642

* 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
Mills Elementary School Primary Regular 1,160 66 6
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Mills Elementary School

  • Education Level: Primary
  • # of students: 1,160
  • # of teachers: 66
6
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$296,618$362,534$329,576

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,216
Property Tax -$336
Property Insurance -$202
HOA -$88
Property Management Fees -$80
CASH FLOW
-$102

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 7% of earned rent to cover both maintenance and periods of vacancy.

$329,576

PROJECTED PRICE

$1,820

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.74%
Maintenance Year (1-5) 3.00%
Vacancy 3.70%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,338

INVESTMENT

$89,338

Down Payment
$82,394
Rehab Estimate
$2,000
Closing Costs
$4,944

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,394
Loan Amount $247,182
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$15,073

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,988

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8203$1,8424$2,0955$2,195
$2,195
RENT COMPS ANALYSIS
  • 9115 46th Ct E Parrish, 2
    • 5 beds 3 baths ∙ 2,705 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,705 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.67
    •  
  • 5810 100th Ave E Parrish, 1
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 7813 112th Ave E Parrish, 3
    • 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2012
    LEASED 03/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,842
    • $0.77
    •  
  • 4809 Trout River Xing Ellenton, 4
    • 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,909 Sqft ∙ Built 2005
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.72
    •  
  • 8502 44th Ct E Parrish, 5
    • 5 beds 3 baths ∙ 2,886 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,886 Sqft ∙ Built 2006
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.76
    •  
PROPERTY LISTING DETAILS
Kimberly Stanley, Llc
1.407.415.2424
Adams Homes Realty,inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260029
Last Updated: 08/24/2020
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