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13505 Ironton Dr Tampa, FL 33626

4 Beds 2 Baths 2,026 sqft Built 1993

$399,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $196.94
  • 3 Days on Market
  • MLS # : T3279076
  • Updated Date : 12/05/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,026 sqft
  • Baths : 2 full
Listing Agent

Florida Executive Realty

Listing Agent's Description

HOME SWEET HOME!! Welcome to this UPDATED and GORGEOUS 4bedroom/2 bathroom pool home located on a serene CONSERVATION LOT. MOVE IN READY with a breathtaking view of the GORGEOUS POOL/SPA AND CONSERVATION AREA. Featuring a completely updated kitchen including gray soft close cabinets, LED under cabinet lighting, granite countertops, touchless faucet, upgraded Stainless Steel Appliances including a BRAND NEW RANGE! CUSTOM DRY-BAR with wine refrigerator, granite countertop, glass front cabinets with lighting. Laminate flooring & tile throughout all main living areas. The spacious Master Bedroom overlooks the pool area and features an en-suite including beautifully updated soft close cabinets, granite countertop, custom mirror, walk-in shower and separate soaking tub. POOL BATH features new custom soft close cabinets, granite countertops, and custom mirror. From the open concept family room & kitchen combo you feel invited to the covered patio including a super fun TIKI BAR - BRICK PAVERS on the entire pool/heated SPA area. The backyard is fully private with wood fencing. AC 2018, ROOF 2013, Pool Pump 2020. Simplisafe Alarm System. Enjoy walking, jogging & biking around this neighborhood of continuous sidewalks with a county park complete with lighted tennis courts, a pavilion with picnic tables, playground, baseball field, & basketball court. Close to Citrus Park Mall, International Plaza, Tampa International Airport and downtown Tampa. TOP RATED SCHOOLS and NO CDD FEES! Welcome home!!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Fawn Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $85k481k

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

Neighborhood: Fawn Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9052692

* 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
Deer Park Elementary School Primary Regular 985 69 8
Farnell Middle School Middle Regular 1,356 75 9
Sickles High School High Regular 2,135 110 7

Deer Park Elementary School

  • Education Level: Primary
  • # of students: 985
  • # of teachers: 69
8
GreatSchools Rating

Farnell Middle School

  • Education Level: Middle
  • # of students: 1,356
  • # of teachers: 75
9
GreatSchools Rating

Sickles High School

  • Education Level: High
  • # of students: 2,135
  • # of teachers: 110
7
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,472
Property Tax -$491
Property Insurance -$153
HOA -$30
Property Management Fees -$129
CASH FLOW
-$55

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$399,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$29,854

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,168

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$2,0004$2,0995$2,220
$2,220
RENT COMPS ANALYSIS
  • 13505 Ironton Dr Tampa, FL 5
    • 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.10
    •  
  • 9325 Pontiac Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1993
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.01
    •  
  • 13523 White Elk Loop Tampa, FL 2
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2000
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 13513 Ironton Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1994
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.14
    •  
  • 13461 Staghorn Rd Tampa, FL 4
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2001
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $1.13
    •  
PROPERTY LISTING DETAILS
Carrie Bell
1.813.340.7684
Florida Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279076
Last Updated: 12/05/2020
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