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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $209.32
- 2 Days on Market
- MLS # : W7828955
- Updated Date : 12/06/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,041 sqft
- Baths : 2 full
Listing Agent
54 Realty Llc
Listing Agent's Description
Charming 3 bedroom, 2 bathroom, single story home in Temple Terrace. Upon arriving at this home, you are welcomed into a foyer that immediately opens to a spacious family room that features crown molding, laminate floors, and a large picture window allowing for plenty of natural light. Continuing through the family room, you have a cozy kitchen that has tile countertops, flat top range, dishwasher, and a breakfast nook with double doors leading to the screened porch. Off the family room hallway you will find the large primary bedroom that features laminate flooring and an en suite bathroom with a vanity sink and walk-in shower. The home is complete with an 2 additional bedrooms and full bathroom with a shower/tub combo. In the rear of the home, you can relax on the large screened porch overlooking the privacy fenced backyard. Located in Temple Terrace, this home is convenient to shopping, restaurants, I-75, and I-275 for an easy commute to Downtown Tampa and surrounding areas
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: 40th Street Corridor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: 40th Street Corridor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,260 |
| EXPENSES | Loan Payment | -$804 |
| Property Tax | -$258 | |
| Property Insurance | -$96 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$27
|
||
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.
$217,900
PROJECTED PRICE
$1,260
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$63,494
LOAN DETAILS
$804
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,475 |
| Loan Amount | $163,425 |
5.58
YEARS SAVED
$15,571
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,260
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$1,076
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
10802 N 53rd St Temple Terrace, FL 2
- 3 beds 2 baths ∙ 1,041 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,041 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,260
- $1.21
-
10225 N Ojus Dr Tampa, FL 1
- 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
-
8607 N Orangeview Ave Tampa, FL 3
- 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
-
4113 E Okara Rd Tampa, FL 4
- 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1971
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,445
- $1.08
PROPERTY LISTING DETAILS
1.813.435.5411
54 Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7828955
Last Updated: 12/06/2020
