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INVESTimate
$209,000
List Price
$61,135
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1977
- Price/Sqft : $148.65
- 2 Days on Market
- MLS # : T3261352
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 4
- Floor Size : 1,406 sqft
- Baths : 3 full
Listing Agent
Century 21 Rosa Leon
Listing Agent's Description
Stop your car! This property has space for your toys. Bring your boat, your trucks. No HOA or CDD. Fully renovated with a brand new addition legally done. 4 bedrooms and 3 bathrooms with a new kitchen and new floors. New AC, new roof and almost all windows are new. Priced for a quick sale!
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: Seffner Community Alliance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seffner Community Alliance
* 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 | $1,250 |
EXPENSES | Loan Payment | -$771 |
Property Tax | -$266 | |
Property Insurance | -$118 | |
Property Management Fees | -$80 | |
CASH FLOW
$15
|
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.
$209,000
PROJECTED PRICE
$1,250
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.13% |
Appreciation Year (1-5) | 7.31% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.27% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$61,135
LOAN DETAILS
$771
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $52,250 |
Loan Amount | $156,750 |
6.58
YEARS SAVED
$19,137
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,250
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,406
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.813.703.5662
Century 21 Rosa Leon
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3261352
Last Updated: 08/26/2020