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9721 Pleasant Run Way Tampa, FL 33647

4 Beds 3 Baths 1,997 sqft Built 1990

$325,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $162.74
  • 3 Days on Market
  • MLS # : T3288408
  • Updated Date : 02/05/2021 at 20:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,997 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rivera & Associates Realty

Listing Agent's Description

Home is perfect for anyone looking for a spacious home to reside in. Beautiful 4 bedrooms 2.5 Baths and 2 Car garage, plus a screened in Pool. Back and side yard are completely fenced. Formal living and dining room along with family room and breakfast nook. Ceramic tile in all common areas and Master bedroom too. Kitchen has been upgraded with Corean counter tops and maple wood cabinets. Pebble Creek of New Tampa features a community pool, tennis courts, baseball field, basketball court, volleyball court, three playgrounds, community center and a semi-private golf club, no CDD fees. Great locations to all restaurants, schools, entertainment, Tampa outlets & shops a

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,129
Property Tax -$400
Property Insurance -$152
HOA -$50
Property Management Fees -$129
CASH FLOW
-$89

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.

$325,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.54%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$15,804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,732

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,7704$1,7955$1,975
$1,975
RENT COMPS ANALYSIS
  • 9721 Pleasant Run Way Tampa, FL 3
    • 4 beds 3 baths ∙ 1,997 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,997 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.89
    •  
  • 9744 Cypress Pond Ave Tampa, FL 1
    • 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1987
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 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
    •  
  • 9308 Fairway Lakes Ct Tampa, FL 4
    • 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1989
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 9644 Fox Hearst Rd Tampa, FL 5
    • 3 beds 2 baths ∙ 2,177 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,177 Sqft ∙ Built 1990
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.91
    •  
PROPERTY LISTING DETAILS
Maria Rivera
1.813.842.7399
Rivera & Associates Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288408
Last Updated: 02/05/2021
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