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6933 Crown Lake Dr Nw 
Gibsonton, FL
33534
4 Beds 3 Baths 2,215 sqft
Built 2003
INVESTimate
$256,000
List Price
$73,590
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $115.58
- 3 Days on Market
- MLS # : U8095426
- Updated Date : 08/25/2020 at 19:11
CONSTRUCTION
- Beds : 4
- Floor Size : 2,215 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Affiliated
Listing Agent's Description
ALERT!!! Due to COVID 19 you may not see the Beautiful Stainless Steel Appliances. "8/24/20 GREAT NEWS APPLIANCES ON THEIR WAY AND WILL BE INSTALLED FRIDAY 8/28/20 HOORAY!!!!!!" They are bought and paid for but delivery is slow. This very attractive nice curb appeal, newly renovated 4 bedrooms, 2.5 bathrooms, bright Eat-in Kitchen w/sliding glass door to back yard, Living room, Great room, Dining Room and nice size Laundry room which leads to 2 car garage all this on the first floor. Fully carpeted Stairs leading to second floor with Bright Bedrooms and Bathrooms. This beautiful homes is just waiting for someone to love it, purchase it and move. You won't be disappointed!!!
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: Concerned Citizens of Gibsonton Area
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Concerned Citizens of Gibsonton Area
* 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 | $1,600 |
| EXPENSES | Loan Payment | -$945 |
| Property Tax | -$334 | |
| Property Insurance | -$165 | |
| HOA | -$72 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$4
|
||
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.
$256,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 8.06% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,590
LOAN DETAILS
$945
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,000 |
| Loan Amount | $192,000 |
5.67
YEARS SAVED
$19,199
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 -
$0.72
LIST RENT PER SQFT
-
$1,706
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
6933 Crown Lake Dr Nw Gibsonton, 4
- 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $1,600
- $0.72
-
12114 Fern Haven Ave Gibsonton, 1
- 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 2005
![property image]()
LEASED 12/09/19- Rent
- Rent Per SQFT
- $1,495
- $0.68
-
6925 Crown Lake Dr Gibsonton, 2
- 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2003
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,500
- $0.80
-
12732 Lake Vista Dr Gibsonton, 3
- 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2003
![property image]()
LEASED 10/31/19- Rent
- Rent Per SQFT
- $1,535
- $0.82
-
12911 Parkington Dr Gibsonton, 5
- 4 beds 4 baths ∙ 2,200 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,200 Sqft ∙ Built 2003
![property image]()
LEASED 03/25/19- Rent
- Rent Per SQFT
- $1,720
- $0.78
PROPERTY LISTING DETAILS
1.727.348.0648
Century 21 Affiliated
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8095426
Last Updated: 08/25/2020
