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9512 Snowberry Way Tampa, FL 33647

4 Beds 3 Baths 2,138 sqft Built 2006

$365,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $170.72
  • 1 Days on Market
  • MLS # : T3317750
  • Updated Date : 07/13/2021 at 04:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,138 sqft
  • Baths : 3 full
Listing Agent

Re/max Premier Group

Listing Agent's Description

Find peace at home from the pond and preservation views offered by this fully upgraded, 4 bedroom 3 bathroom home. Conveniently located in the Live Oak neighborhood of New Tampa, you'll find yourself minutes away from anything that your mind desires. The home features travertine and hardwood flooring throughout, aside from the bathrooms which feature exquisite tile. Granite and exotic stone counter tops help to provide that always clean and fresh feeling that instantly relieves your tension when you step foot into your new home. Not only does the airy, open kitchen include Granite Countertops, the finishing touches were gracefully laid with Premium stainless steel appliances and beautiful dark cabinetry. The kitchen overlooks the expansive, yet cozy family room. Leaving the family room, you will find the master bedroom equipped with a large walk-in closet and luxurious master bath attached. There are three secondary bedrooms with two additional baths, boasting equally luxurious finishings; such as granite wall tiles, upgraded vanities, fixtures and lighting. Outside on the screened back patio, you will revel in the private views of the illustrious pool, pond and conservation areas. The icing was placed in the form of artfully laid pavers. The recreation center has a community pool, fitness room, and an event room. Don't miss out on this opportunity to own a dream!

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MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Live Oak Preserve Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $85k490k

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

Neighborhood: Live Oak Preserve Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052179

* 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
Bartels Middle School Middle Regular NA
Wharton High School High Regular 2,261 128 4
Wharton High School High Unknown NA

Bartels Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wharton High School

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

Wharton High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,268
Property Tax -$449
Property Insurance -$160
HOA -$203
Property Management Fees -$129
CASH FLOW
-$88

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.

$365,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.1%
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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$17,430

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,085

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9954$2,0955$2,120
$2,120
RENT COMPS ANALYSIS
  • 9512 Snowberry Way Tampa, FL 5
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.99
    •  
  • 1550 Maximilian Dr Wesley Chapel, FL 1
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1996
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 29425 Birds Eye Dr Wesley Chapel, FL 2
    • 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 1996
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
  • 20023 Date Palm Way Tampa, FL 3
    • 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,090 Sqft ∙ Built 2014
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 20515 Carolina Cherry Ct Tampa, FL 4
    • 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2012
    LEASED 04/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.04
    •  
PROPERTY LISTING DETAILS
Nick Davis
1.813.300.7116
Re/max Premier Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3317750
Last Updated: 07/13/2021
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