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11700 Moffat Ave Tampa, FL 33617

3 Beds 2 Baths 1,776 sqft Built 1975

$269,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $151.46
  • 3 Days on Market
  • MLS # : A4494223
  • Updated Date : 03/13/2021 at 13:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,776 sqft
  • Baths : 2 full
Listing Agent

Zitelli Realty Network Llc

Listing Agent's Description

Very well maintained home with updated kitchen and bathrooms. Ceramic tile floors in living room, dining room, family room, kitchen and bathrooms - nice laminate in the bedrooms. No carpets anywhere. The yard features lots of well groomed fruit trees including Mangos, Thai Eggplant, Jackfruit, and more. Great location with good schools and less than a mile to USF. Busch Gardens and Lowry Park Zoo are a quick 15 minutes away. Close to I75 for an easy commute to New Tampa or downtown Tampa via I275. This would be a great starter home, a Florida winter home or an investment property with its proximity to USF.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Temple Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $85k238k

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

Neighborhood: Temple Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781633

* 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
Lewis Elementary School Primary Regular 818 65 4
Greco Middle School Middle Regular 862 57 1
King High School High Magnet 1,889 106 4

Lewis Elementary School

  • Education Level: Primary
  • # of students: 818
  • # of teachers: 65
4
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
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$934
Property Tax -$331
Property Insurance -$139
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.

$269,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.0%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$29,562

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,349
1$1,3492$1,6403$1,7954$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 11700 Moffat Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.92
    •  
  • 5105 Whiteway Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1971
    property image
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.93
    •  
  • 6228 Soaring Ave Temple Terrace, FL 3
    • 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1984
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 104 Druid Hills Rd Temple Terrace, FL 4
    • 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1971
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 628 Druid Hills Rd Temple Terrace, FL 5
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1960
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
PROPERTY LISTING DETAILS
Eric Zitelli
1.813.444.3998
Zitelli Realty Network Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4494223
Last Updated: 03/13/2021
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