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9448 El Campo Ave Englewood, FL 34224

3 Beds 2 Baths 1,841 sqft Built 2013

INVESTimate

$250,000

List Price

$1,780

$1,602 - $1,958

Rent Est.

$269,425  ( +7.77%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $135.80
  • 3 Days on Market
  • MLS # : C7432358
  • Updated Date : 08/24/2020 at 22:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,841 sqft
  • Baths : 2 full
Listing Agent

Re/max Palm Realty

Listing Agent's Description

If you are looking for a peaceful and quiet area, you have found it here! Optional second lot to the right of the house is also available for purchase!  This beautiful 3 bedroom, 2 bath home has over 1800sq. feet of living area with an oversized 25x22 garage which provides plenty of work space!!  No HOA fees and NOT in a flood zone. Entering this lovely home through the large screened-in entryway, you will notice the spacious open floor plan which is accentuated by the vaulted ceilings. The bright & open kitchen features a lovely backsplash to compliment the chic white cabinetry.   The breakfast bar with accent pendant lighting is the only separation from the living area. Sliders and windows surround the dinette which looks out onto your lush landscaped, private back yard. This popular split floor plan has a generous size master bedroom with tray ceilings and the en suite master bath with dual sinks, an extra large walk-in shower, and walk-in closet. The additional bedrooms are spacious with one currently being used as an office.  Guest bath features a large walk-in shower.  Interior laundry room includes a utility tub plus front load washer & dryer set. Screened-in lanai has two ceiling fans to make your outdoor area a comfortable living space.  Chandelier in the dining are will be replaced prior to closing. You will find this location convenient to everything... less than a couple miles to many stores! The new Braves Stadium and the Tampa Bay Rays Stadium are nearby. Plus, plenty of public boat launches and beaches are within a short drive so you can pick and choose where you want to relax and/or fish for the day! Be sure to call for your private viewing today!

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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: Section 74

NeighborhoodNIR Market*City2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $99k350k

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

Neighborhood: Section 74

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21300135014001450150015501600165017001750Rent in $12801755

* 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
Vineland Elementary School Primary Regular 639 43 6
L. A. Ainger Middle School Middle Regular 775 41 6
Lemon Bay High School High Regular 1,268 62 7

Vineland Elementary School

  • Education Level: Primary
  • # of students: 639
  • # of teachers: 43
6
GreatSchools Rating

L. A. Ainger Middle School

  • Education Level: Middle
  • # of students: 775
  • # of teachers: 41
6
GreatSchools Rating

Lemon Bay High School

  • Education Level: High
  • # of students: 1,268
  • # of teachers: 62
7
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,602$1,958$1,780

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$922
Property Tax -$318
Property Insurance -$145
Property Management Fees -$80
CASH FLOW
$314

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$250,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.77%
Maintenance Year (1-5) 8.00%
Vacancy 3.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

12.25

YEARS SAVED

$55,957

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,307

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2003$1,4504$1,6005$1,780
$1,780
RENT COMPS ANALYSIS
  • 9448 El Campo Ave Englewood, 5
    • 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.97
    •  
  • 6502 Mechler St Englewood, 1
    • 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 2010
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.60
    •  
  • 7035 Bargello St Englewood, 2
    • 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.61
    •  
  • 427 Sunset Rd N Rotonda West, 3
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2007
    LEASED 02/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
  • 9276 Steubenville Ave Englewood, 4
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2007
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
PROPERTY LISTING DETAILS
Amy Futch
1.941.716.0631
Re/max Palm Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7432358
Last Updated: 08/24/2020
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