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9646 Fox Hearst Rd Tampa, FL 33647

3 Beds 2 Baths 1,765 sqft Built 1989

$299,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $169.92
  • 17 Days on Market
  • MLS # : W7828591
  • Updated Date : 12/03/2020 at 20:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,765 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Beautiful 3 bedroom, 2 bathroom, pool home in Tampa. Arriving at this home, you are welcomed into a tiled foyer. To the right you have a large dining room with laminate floors, high ceiling, and a large picture window to allow for natural light. Continuing into the home, you have a spacious kitchen that features solid wood cabinets, stainless steel appliances, granite countertops, closet pantry, and a large breakfast nook. Overlooking the kitchen is the large family room with laminate floors, ceiling fan, and 2 sliding doors leading to the lanai. The primary bedroom of the home boasts a huge walk-in closet with built in shelves, private access to the lanai, and an en suite bathroom with dual sinks, soaking tub, and a walk-in shower. The home is complete with 2 additional bedrooms and full bathroom. Outside, you can enjoy the Florida weather in the private pool with lanai. Located in the highly desirable Pebble Creek neighborhood in New Tampa, you are convenient to shops, dining, and I-75 for an easy commute to Tampa and surrounding areas.

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MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Pebble Creek Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Pebble Creek Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Turner - Bartels K-8 School Primary Regular 1,811 123 6
Turner - Bartels K-8 School Middle Regular 1,811 123 6
Wharton High School High Regular 2,261 128 4

Turner - Bartels K-8 School

  • Education Level: Primary
  • # of students: 1,811
  • # of teachers: 123
6
GreatSchools Rating

Turner - Bartels K-8 School

  • Education Level: Middle
  • # of students: 1,811
  • # of teachers: 123
6
GreatSchools Rating

Wharton High School

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

$269,910$329,890$299,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,107
Property Tax -$369
Property Insurance -$138
HOA -$50
Property Management Fees -$129
CASH FLOW
-$192

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.

$299,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,602

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,597

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,6003$1,6004$1,7755$1,825
$1,825
RENT COMPS ANALYSIS
  • 9646 Fox Hearst Rd Tampa, FL 3
    • 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 9814 Creek Cross St Tampa, FL 1
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1989
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.89
    •  
  • 18330 Cypress Stand Cir Tampa, FL 2
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1989
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 20177 Bay Cedar Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.92
    •  
  • 20121 Bay Cedar Ave Tampa, FL 5
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2006
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.95
    •  
PROPERTY LISTING DETAILS
Joe Locicero
1.813.435.5411
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828591
Last Updated: 12/03/2020
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