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1118 Dogwood Ave Tampa, FL 33613

4 Beds 2 Baths 1,404 sqft Built 1960

$274,500

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $195.51
  • 4 Days on Market
  • MLS # : U8106512
  • Updated Date : 12/04/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,404 sqft
  • Baths : 1 full , 1 half
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

This adorable 4 bedroom, 1.5 bathroom home is move in ready!! When you walk into the home you will quickly notice the updated finishes with granite counter tops and new vinyl flooring throughout. The home offers a large living room, open kitchen and generous formal dining area. All 4 bedrooms are spacious with ample storage space. The backyard and pool area is perfect for enjoying the outdoors year round. The pool has been redone, the tiki hut bar and firepit area is perfect for entertaining. You will also enjoy the plantation shutters, updated windows, roof (2013),AC (2013), pool pump (2020) and so much more. This home has been meticulously maintained and well cared for.

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: Lake Magdalene

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $85k292k

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

Neighborhood: Lake Magdalene

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781834

* 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
Lake Magdalene Elementary School Primary Regular 865 67 5
Buchanan Middle School Middle Regular 743 53 3
Gaither High School High Regular 2,090 117 5

Lake Magdalene Elementary School

  • Education Level: Primary
  • # of students: 865
  • # of teachers: 67
5
GreatSchools Rating

Buchanan Middle School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 53
3
GreatSchools Rating

Gaither High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 117
5
GreatSchools Rating
 

$247,050$301,950$274,500

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,013
Property Tax -$338
Property Insurance -$117
Property Management Fees -$129
CASH FLOW
-$107

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.

$274,500

PROJECTED PRICE

$1,490

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,493

INVESTMENT

$78,493

Down Payment
$68,625
Rehab Estimate
$5,750
Closing Costs
$4,118

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,013

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,625
Loan Amount $205,875
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,031

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,460

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,255
1$1,2552$1,4903$1,5504$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 1118 Dogwood Ave Tampa, FL 2
    • 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.06
    •  
  • 942 Lakewood Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1959
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,255
    • $1.03
    •  
  • 14510 Diplomat Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1975
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
  • 706 Regency Ct Tampa, FL 4
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1975
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
  • 14815 Daisy Ln Tampa, FL 5
    • 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1961
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
PROPERTY LISTING DETAILS
Megan Weidenfeller
1.727.687.2119
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8106512
Last Updated: 12/04/2020
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