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9730 Cypress Pond Ave Tampa, FL 33647

4 Beds 2 Baths 1,911 sqft Built 1987

$289,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $151.70
  • 3 Days on Market
  • MLS # : T3277063
  • Updated Date : 11/20/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,911 sqft
  • Baths : 2 full
Listing Agent

Offerpad Brokerage

Listing Agent's Description

VACANT and easy to show live or through our 3D tour! Come see this CUTE 4 bedroom 2 bathroom home with a 2 car garage, located in Pebble Creek. Home features a dining room and versatile living space upon entry. Kitchen is equipped with granite countertops, a custom backsplash, a breakfast bar, and stainless appliances. LARGE living room. Split Floor Plan. Master Bedroom is spacious with his and hers closets. Fenced backyard perfect for the kids to play and/or for entertaining. Swing set conveys. Low HOA and NO CDD - this home enjoys one of the lowest HOA fees in all of New Tampa with access to a fantastic community pool, park, playground, tennis courts, volleyball & basketball courts. Central yet tucked away, Pebble Creek Community offers a fantastic suburban feel and is positioned around Pebble Creek Golf Club, is highly accessible through 3 separate community entrances, and is minutes to an abundance of shopping, dining, entertainment & medical. Minutes to the I-75, I-275, Wiregrass Mall, The Groves, Tampa Premium Outlets, Restaurants, Entertainment, and More..

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: 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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,070
Property Tax -$357
Property Insurance -$147
HOA -$50
Property Management Fees -$80
CASH FLOW
$87

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.

$289,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.62%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$34,956

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,739

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7753$1,7904$1,7955$1,825
$1,825
RENT COMPS ANALYSIS
  • 9730 Cypress Pond Ave Tampa, FL 3
    • 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.94
    •  
  • 18330 Cypress Stand Cir Tampa, FL 1
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1989
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 20177 Bay Cedar Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2006
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.92
    •  
  • 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
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 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
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.95
    •  
PROPERTY LISTING DETAILS
Rob Jones
1.813.534.6326
Offerpad Brokerage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277063
Last Updated: 11/20/2020
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