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13523 Capitol Dr Tampa, FL 33613

3 Beds 2 Baths 1,438 sqft Built 1978

$257,300

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $178.93
  • 2 Days on Market
  • MLS # : W7829715
  • Updated Date : 01/10/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,438 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Wonderful 3 bedroom, 2 bathroom, single story home in Tampa. Upon arriving at this home, you are welcomed into a foyer that leads to a living room/dining room combo. The kitchen is equipped with a closet pantry, ample cabinet and counter space, and a small breakfast nook. Overlooking the kitchen is the family room with carpet, ceiling fan, and a sliding glass door which leads to the outdoor living space. The primary bedroom features carpet, sliding door for private access to the lanai, and an en suite bathroom with a walk-in shower. Outside, you can relax on your screened patio and admire your large fully fenced yard. Located in Tampa, this home is convenient to shops, restaurants, and I-75 for an easy commute to beaches and surrounding areas.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: North Pointe

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280kPrice in $55k289k

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

Neighborhood: North Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391627

* 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
Miles Elementary School Primary Regular 810 68 1
Buchanan Middle School Middle Regular 743 53 3
Gaither High School High Regular 2,090 117 5

Miles Elementary School

  • Education Level: Primary
  • # of students: 810
  • # of teachers: 68
1
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
 

$231,570$283,030$257,300

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$894
Property Tax -$316
Property Insurance -$119
Property Management Fees -$129
CASH FLOW
$12

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.

$257,300

PROJECTED PRICE

$1,470

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,935

INVESTMENT

$73,935

Down Payment
$64,325
Rehab Estimate
$5,750
Closing Costs
$3,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$894

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,325
Loan Amount $192,975
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$18,273

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,496

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,255
1$1,2552$1,4703$1,5504$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 13523 Capitol Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.02
    •  
  • 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
Joe Locicero
1.813.435.5411
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829715
Last Updated: 01/10/2021
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