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1114 E Yukon St Tampa, FL 33604

3 Beds 2 Baths 1,008 sqft Built 1973

$199,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $197.42
  • 3 Days on Market
  • MLS # : T3287583
  • Updated Date : 01/30/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,008 sqft
  • Baths : 2 full
Listing Agent

Emperor Realty Llc

Listing Agent's Description

Welcome to your new home! Don't miss out on this fully renovated house close to everything including Busch Gardens! In this property, you will be glad to see many major components of the house updated such as a brand new roof, brand new air conditioning system, brand new water heater, brand new windows, and more. In addition, the interior of this lovely home has been completely updated with a brand new kitchen featuring white shaker/soft close cabinets, gorgeous granite countertops, and stainless steel Frigidaire appliances. Besides the beautiful kitchen, you will enjoy modern waterproof vinyl plank flooring throughout the entire home. Finally, you will love the updates in both the master and the guest bathrooms. Don't forget, this house also has a carport and a fenced back yard. Schedule your showing today as this one will not last long!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sulphur Springs

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $43k238k

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

Neighborhood: Sulphur Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6291613

* 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
Chamberlain High School High Regular 1,772 98 4
Chamberlain High School High Unknown NA

Chamberlain High School

  • Education Level: High
  • # of students: 1,772
  • # of teachers: 98
4
GreatSchools Rating

Chamberlain High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$179,100$218,900$199,000

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$691
Property Tax -$240
Property Insurance -$94
Property Management Fees -$129
CASH FLOW
$46

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.

$199,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.8%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$691

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$17,749

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,192

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2253$1,2504$1,3505$1,350
$1,350
RENT COMPS ANALYSIS
  • 1114 E Yukon St Tampa, FL 1
    • 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.19
    •  
  • 804 E Orchid Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,054 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,054 Sqft ∙ Built 1980
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.16
    •  
  • 10014 N Hyacinth Ave Tampa, FL 3
    • 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1963
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.22
    •  
  • 1601 E Mulberry Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1974
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.19
    •  
  • 1421 E Annie St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,167 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,167 Sqft ∙ Built 1955
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.16
    •  
PROPERTY LISTING DETAILS
Aline Cardoso Bonfim De Jesus
1.813.970.5004
Emperor Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287583
Last Updated: 01/30/2021
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