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9719 Cypress Harbor Dr 
Gibsonton, FL
33534
3 Beds 2 Baths 1,394 sqft
Built 2003
INVESTimate
$225,000
List Price
$65,375
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $161.41
- 2 Days on Market
- MLS # : T3261163
- Updated Date : 08/25/2020 at 20:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,394 sqft
- Baths : 2 full
Listing Agent
Keller Williams Tampa Prop.
Listing Agent's Description
East Bay Lakes. This home has 3 bedrooms, 2 baths, a large bonus room, and sweeping pond views. Upon entering, you will see the living room, kitchen, and nature views. The kitchen features a breakfast bar, walk-in pantry, and a breakfast nook. The living room has cathedral ceilings, laminate floors, and triple sliders. The family room leads to the bonus room / Florida room which has a separate air conditioning system. The spacious master bedroom has a walk-in closet, French sliders, and pond views. The master bath has dual vanities, a garden bath and walk-in shower. The split floor-plan puts the secondary bedrooms opposite of the master. The home also has a covered/screened patio. East Bay Lakes is a boutique community that has a pool and a park but also low HOA fees and no CDD. The community is conveniently located minutes from I-75, Walmart, shops, restaurants and much more.
SEE MORE
- 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: East Bay Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Bay Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$294 | |
| Property Insurance | -$117 | |
| HOA | -$60 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$11
|
||
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.
$225,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 8.09% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
5.75
YEARS SAVED
$17,156
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,481
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
9719 Cypress Harbor Dr Gibsonton, 1
- 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,370
- $0.98
-
8012 Lilly Bay Ct Gibsonton, 2
- 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 2005
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,399
- $1.02
-
11433 Ivy Flower Loop Riverview, 3
- 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 2004
LEASED 04/15/19- Rent
- Rent Per SQFT
- $1,400
- $1.04
-
11411 Ivy Flower Loop Riverview, 4
- 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 2004
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,425
- $1.09
-
11347 Ivy Flower Loop Riverview, 5
- 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 2004
LEASED 03/18/19- Rent
- Rent Per SQFT
- $1,435
- $1.10
PROPERTY LISTING DETAILS
1.813.382.5222
Keller Williams Tampa Prop.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3261163
Last Updated: 08/25/2020
