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10211 N Ojus Dr Tampa, FL 33617

3 Beds 2 Baths 1,078 sqft Built 1980

$150,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $139.15
  • 3 Days on Market
  • MLS # : T3283450
  • Updated Date : 01/08/2021 at 12:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,078 sqft
  • Baths : 1 full , 1 half
Listing Agent

Eaton Realty,llc

Listing Agent's Description

This roomy 3 bed, 1.5 bath home is conveniently located to USF, Busch Gardens, shops, restaurants, and more! Perfect for a family, as an investment, or a rental home. Upon entering, you are welcomed by the spacious combination living room and dining room with plenty of room for a dining set, couches, and chairs. Just beyond the living area is the kitchen, which boasts plenty of storage, cabinetry, a range, refrigerator, dishwasher, and a closet pantry. From the kitchen take the sliding glass doors to the covered porch and the large fully fenced backyard. You’ll also find a guest bath conveniently located downstairs. Upstairs is the large master bedroom with separate closets and a full bath that is accessible from the hallway as well. The remaining 2 bedrooms are down the hall from the master providing plenty of privacy. The sizable balcony on the second floor overlooks the backyard and can be accessed from the yard or the 3rd bedroom upstairs. Plus a new AC was installed in 2020! Come see this home before it’s gone. Schedule a private showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Terrace Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Terrace Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
Pizzo Elementary School Primary Regular 746 68 3
Greco Middle School Middle Regular 862 57 1
King High School High Magnet 1,889 106 4

Pizzo Elementary School

  • Education Level: Primary
  • # of students: 746
  • # of teachers: 68
3
GreatSchools Rating

Greco Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 57
1
GreatSchools Rating

King High School

  • Education Level: High
  • # of students: 1,889
  • # of teachers: 106
4
GreatSchools Rating
 

$135,000$165,000$150,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$521
Property Tax -$181
Property Insurance -$98
Property Management Fees -$129
CASH FLOW
$291

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.

$150,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 10.9%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

14.58

YEARS SAVED

$35,509

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,094

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,2003$1,2204$1,3005$1,320
$1,320
RENT COMPS ANALYSIS
  • 10211 N Ojus Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,078 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,078 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $1.13
    •  
  • 5115 Chilkoot St Tampa, FL 1
    • 3 beds 2 baths ∙ 1,073 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,073 Sqft ∙ Built 1979
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $1.02
    •  
  • 10225 N Ojus Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1980
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.03
    •  
  • 2205 E Okara Rd Tampa, FL 4
    • 4 beds 2 baths ∙ 1,280 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,280 Sqft ∙ Built 1970
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.02
    •  
  • 8607 N Orangeview Ave Tampa, FL 5
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.99
    •  
PROPERTY LISTING DETAILS
Matt Grieser
1.269.352.6848
Eaton Realty,llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283450
Last Updated: 01/08/2021
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