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9815 46th Ct E Parrish, FL 34219

4 Beds 3 Baths 2,800 sqft Built 2013

$379,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $135.36
  • 4 Days on Market
  • MLS # : T3278893
  • Updated Date : 12/04/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,800 sqft
  • Baths : 3 full
Listing Agent

Continental Real Estate Group

Listing Agent's Description

Fantastic home for sale in Harrison Ranch!! 4 bedrooms, 3 bathrooms, 3 car garage. 2,800 square foot. Lots of upgrades and storage. Built 2013. Huge Lanai addition and swim spa in 2018. Private backyard on a green belt. 0.23 acre lot, cul-de-sac. Low maintenance, low energy costs, hoa only $115 a year! Not to be missed!!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Harrison Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $107k409k

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

Neighborhood: Harrison Ranch

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001400160018002000220024002600Rent in $11422642

* 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
Blackburn Elementary School Primary Regular 463 33 2
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Blackburn Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 33
2
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$341,100$416,900$379,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,398
Property Tax -$460
Property Insurance -$208
HOA -$10
Property Management Fees -$129
CASH FLOW
-$94

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$379,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,322

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,121

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$2,1103$2,1954$2,1995$2,200
$2,200
RENT COMPS ANALYSIS
  • 9815 46th Ct E Parrish, FL 2
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.75
    •  
  • 5810 100th Ave E Parrish, FL 1
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 8502 44th Ct E Parrish, FL 3
    • 5 beds 3 baths ∙ 2,886 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,886 Sqft ∙ Built 2006
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.76
    •  
  • 5325 E 74th Pl E Ellenton, FL 4
    • 4 beds 5 baths ∙ 2,933 Sqft ∙ Built 2011 4 beds 5 baths ∙ 2,933 Sqft ∙ Built 2011
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.75
    •  
  • 11020 Blue Magnolia Ln Parrish, FL 5
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2018
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
PROPERTY LISTING DETAILS
Derek Eisenberg
Continental Real Estate Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278893
Last Updated: 12/04/2020
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