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9422 Azalea Ridge Cir Tampa, FL 33647

4 Beds 3 Baths 2,231 sqft Built 1997

$360,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $161.36
  • 3 Days on Market
  • MLS # : T3286338
  • Updated Date : 01/30/2021 at 18:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,231 sqft
  • Baths : 3 full
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

Welcome Home! Gorgeous 4 Bedroom, 3 bath home located in the golf course community of Hunters Green. As you turn in the neighborhood you are surrounded by oak trees which provides a beautiful canopy and is a wonderful drive home. As you enter the home you notice the how light and brightness of the home. Expansive formal living and dining room featuring large areas to entertain friends. The kitchen is a chef’s dream with stainless steel appliances, granite counter tops and 42 inch wood cabinets. This is the perfect place to perfect that new recipe or entertain friends. Kitchen features stainless steel appliances, breakfast bar, eat in kitchen and lots of storage. Kitchen overlooks the family room so you never miss out on a conversation. Master bedroom features a large sitting area, grab your favorite book and have a seat. Master bath is just steps away which features a walk in shower, double sinks, garden tub and 2 large walk in closets. It’s the perfect owners retreat. The other 3 bedrooms and 2 full baths are located on the opposite side of the home. Home has been well maintained with New Roof 2019, New AC 2017, New Pool Filter 2020, New Pool Pump 2020. Pool overlooks a nice sized fence in yard and is the ideal spot to end your day. Hunters Green has many amenities nearby including a country club with an 18-hole golf course, community parks, playgrounds, walking trails, and much more. It’s the perfect place to call home. This is the home you have been waiting for. Make your appointment today so you can start to enjoy the Florida lifestyle!

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: Hunters Green Lakeside

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $85k395k

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

Neighborhood: Hunters Green Lakeside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052139

* 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
Hunter's Green Elementary School Primary Regular 856 66 3
Benito Middle School Middle Regular 1,053 63 7
Wharton High School High Regular 2,261 128 4

Hunter's Green Elementary School

  • Education Level: Primary
  • # of students: 856
  • # of teachers: 66
3
GreatSchools Rating

Benito Middle School

  • Education Level: Middle
  • # of students: 1,053
  • # of teachers: 63
7
GreatSchools Rating

Wharton High School

  • Education Level: High
  • # of students: 2,261
  • # of teachers: 128
4
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,250
Property Tax -$456
Property Insurance -$165
HOA -$79
Property Management Fees -$129
CASH FLOW
$10

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.

$360,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$26,533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,041

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$1,9754$1,9955$2,090
$2,090
RENT COMPS ANALYSIS
  • 9422 Azalea Ridge Cir Tampa, FL 5
    • 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.94
    •  
  • 18054 Arbor Crest Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 2004
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
  • 10215 Evergreen Hill Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 2001
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 10138 Heather Sound Dr Tampa, FL 3
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2000
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.84
    •  
  • 18015 Arbor Crest Dr Tampa, FL 4
    • 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2002
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
PROPERTY LISTING DETAILS
Whitney Lohr
1.813.394.0759
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286338
Last Updated: 01/30/2021
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