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1013 E 25th Ave Tampa, FL 33605

3 Beds 2 Baths 1,400 sqft Built 1980

$265,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $189.29
  • 50 Days on Market
  • MLS # : T3267738
  • Updated Date : 11/16/2020 at 16:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,400 sqft
  • Baths : 2 full
Listing Agent

Tomlin, St Cyr & Associates Llc

Listing Agent's Description

MOTIVATED SELLER! Beautiful move in ready home in the heart of Ybor Heights! VIRTUAL TOUR AVAILABLE. This renovated 3bed/2bath home has so much to offer. As you walk into the property you will notice the freshly complete interior paint, the living room/dining room connects to the kitchen Breakfast bar space and an additional Family Room area. All granite stone countertop throughout the kitchen with a pantry. The master bedroom has an on-suite bathroom newly remodel with a shower. The second and third bedrooms have deep closets and share a large bathroom with a tub and built in linen closet. Both bathrooms have been beautiful renovated as well. Gorgeous cracked marble/granite/tile floors in front/back porch from where you can enjoy the fully fenced large backyard. Huge laundry room with additional sink plus ample space for additional storage. BRAND NEW A/C, Newer roof, no flood zone. Exclusively located in the heart of Tampa, just minutes away to Downtown, Ybor City, the Hillsborough River, Riverwalk ,Armature works, I-275, and much more! Come see it today!!!

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: V. M. Ybor

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $46k238k

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

Neighborhood: V. M. Ybor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6061613

* 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
B.t. Washington Elementary School Primary Regular 503 54 2
Madison Middle School Middle Regular 762 52 3
Middleton High School High Magnet 1,448 93 4

B.t. Washington Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 54
2
GreatSchools Rating

Madison Middle School

  • Education Level: Middle
  • # of students: 762
  • # of teachers: 52
3
GreatSchools Rating

Middleton High School

  • Education Level: High
  • # of students: 1,448
  • # of teachers: 93
4
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$978
Property Tax -$319
Property Insurance -$117
Property Management Fees -$80
CASH FLOW
-$14

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.

$265,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 13.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$19,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,617

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4803$1,5004$1,7955$1,875
$1,875
RENT COMPS ANALYSIS
  • 1013 E 25th Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.06
    •  
  • 1304 E 24th Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1960
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.13
    •  
  • 3804 N Tampa St Tampa, FL 3
    • 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 1999
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.12
    •  
  • 502 E Amelia Ave Tampa, FL 4
    • 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 1996
    property image
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.16
    •  
  • 407 E Hugh St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1962
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.21
    •  
PROPERTY LISTING DETAILS
Adriana Silver
1.813.728.9595
Tomlin, St Cyr & Associates Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3267738
Last Updated: 11/16/2020
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