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9624 Hidden Oaks Cir Tampa, FL 33612

4 Beds 3 Baths 2,297 sqft Built 1977

$342,500

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $149.11
  • 2 Days on Market
  • MLS # : T3276869
  • Updated Date : 11/21/2020 at 17:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,297 sqft
  • Baths : 3 full
Listing Agent

Jason Thomas Real Estate And Investment Group

Listing Agent's Description

Hidden Gem in Hidden Oaks Circle. Pride of ownership on full display. 4 bedrooms 3 full baths 1 car garage with 2297 square feet of living space. This property is wired for security cameras, has a brand new roof only several months old, dual air conditioning, owner's bedroom has an in-ground spa, property is also equipped with a generator, so when the power goes out for your neighbors, you will not skip a beat. Back of the property has a storage shed with electric, screened in lanai off of the owner’s suite and a spacious fenced yard with a deck to enjoy the sunsets. Submit your offers TODAY!

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: Forest Hills

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Forest Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
Forest Hills Elementary School Primary Regular 1,053 75 1
Adams Middle School Middle Regular 1,017 75 2
Chamberlain High School High Regular 1,772 98 4

Forest Hills Elementary School

  • Education Level: Primary
  • # of students: 1,053
  • # of teachers: 75
1
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,017
  • # of teachers: 75
2
GreatSchools Rating

Chamberlain High School

  • Education Level: High
  • # of students: 1,772
  • # of teachers: 98
4
GreatSchools Rating
 

$308,250$376,750$342,500

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,264
Property Tax -$412
Property Insurance -$169
Property Management Fees -$80
CASH FLOW
$75

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.

$342,500

PROJECTED PRICE

$2,000

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,513

INVESTMENT

$96,513

Down Payment
$85,625
Rehab Estimate
$5,750
Closing Costs
$5,138

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,264

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,625
Loan Amount $256,875
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$35,421

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,259

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$2,0003$2,1004$2,499
$2,499
RENT COMPS ANALYSIS
  • 9624 Hidden Oaks Cir Tampa, FL 2
    • 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 6909 N Oregon Ave Tampa, FL 1
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1966
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.80
    •  
  • 11510 N Ravine Road Tampa, FL 3
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1962
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.08
    •  
  • 2810 Linthicum Pl Tampa, FL 4
    • 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1965
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $1.07
    •  
PROPERTY LISTING DETAILS
Jason Jeffrey
1.813.458.9820
Jason Thomas Real Estate And Investment Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276869
Last Updated: 11/21/2020
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