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

9501 27th Ave E Palmetto, FL 34221

4 Beds 2 Baths 1,654 sqft Built 2005

$287,500

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $173.82
  • 2 Days on Market
  • MLS # : A4489243
  • Updated Date : 01/23/2021 at 21:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,654 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

LAKEFRONT, Beautiful light and bright, freshly painted, truly clean, and ready to move into a single-story home. North Oak Estates, 4 bedrooms, split floor plan, Walk-in closet, Master bath has a walk-in shower and bathtub, both bathrooms have dual sinks and lots of storage, cathedral ceilings, ceramic tile throughout except carpet in 3 bedrooms. Huge screened lanai, wired and ready for a spa, with sunset views over the lake. Enjoy the many forms of wildlife. Room for a Pool. An oversized lot gives you total privacy at the rear of the home. No other houses behind you. Community playground in a park setting with picnic benches. Screened in front porch area. Brand new air conditioning system 2020, and extra insulation added to the attic make for super low electric bills. Two car garage with convenient pull-down steps to attic storage space. Fabulous commuter location close to I-75, I-275, US 41, and US 301. Only 3 minutes to Exit 229 on the Interstate. The public boat launch is one mile west. Low Taxes, Low HOA, NO CDD. OPEN HOUSE SUNDAY JAN, 24TH 1 - 3 PM.

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: North Oak Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $67k297k

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

Neighborhood: North Oak Estates

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21100120013001400150016001700180019002000Rent in $10142041

* 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
Tillman Elementary Magnet School Primary Magnet 556 37 4
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Tillman Elementary Magnet School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 37
4
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
 

$258,750$316,250$287,500

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$999
Property Tax -$293
Property Insurance -$137
HOA -$38
Property Management Fees -$129
CASH FLOW
$104

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$287,500

PROJECTED PRICE

$1,700

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$81,938

INVESTMENT

$81,938

Down Payment
$71,875
Rehab Estimate
$5,750
Closing Costs
$4,313

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$999

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,875
Loan Amount $215,625
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$28,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,679

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8003$1,8004$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 9501 27th Ave E Palmetto, FL 1
    • 4 beds 2 baths ∙ 1,654 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,654 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.03
    •  
  • 9021 52nd Ave E Palmetto, FL 2
    • 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2018
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 9013 52nd Ave E Palmetto, FL 3
    • 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2018
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 4709 Stafford Ct Palmetto, FL 4
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2016
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.04
    •  
  • 4716 Stafford Ct Palmetto, FL 5
    • 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2015
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
PROPERTY LISTING DETAILS
Katharina Eckert
1.619.341.0000
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4489243
Last Updated: 01/23/2021
BESbswy