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1619 E Nome St Tampa, FL 33604

3 Beds 2 Baths 1,636 sqft Built 1961

$200,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $122.25
  • 5 Days on Market
  • MLS # : T3297416
  • Updated Date : 03/25/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,636 sqft
  • Baths : 1 full , 1 half
Listing Agent

Century 21 Beggins Enterprises

Listing Agent's Description

Here’s your chance to own a home on a CORNER, DOUBLE LOT in the heart of Tampa! This 3 bedrooms / 1.5 bath home has an updated kitchen, a FOREVER roof, and security cameras for the buyer's peace of mind. Not only is there plenty of space to enjoy outside in your beautiful corner lot, but the home is spacious inside as well! The large Flex room comes with a half-bathroom and makes a great game room, home gym, or anything you choose, including a fourth bedroom! The updated kitchen comes with upscale wall ovens, a convection microwave, dishwasher, and garbage disposal. The solid wood, staggered cabinets allow for ample storage along with desired details such as a built-in spice rack and wine rack! Bring your RV or Boat as your LARGE lot can park your cars as well as your toys! There are also TWO sheds included, providing extra storage. This home offers you so much and is located close to shopping, entertainment, and restaurants. Minutes from downtown Tampa, MacDill AirForce Base, beaches, and theme parks. Hurry...this one will go fast!!

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: 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
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$695
Property Tax -$241
Property Insurance -$131
Property Management Fees -$129
CASH FLOW
$355

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.

$200,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.78%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

14.08

YEARS SAVED

$45,493

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,701

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3953$1,4254$1,5505$1,995
$1,995
RENT COMPS ANALYSIS
  • 1619 E Nome St Tampa, FL 4
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 703 E Hamilton Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1946
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.00
    •  
  • 8307 N Semmes St Tampa, FL 2
    • 4 beds 2 baths ∙ 1,392 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,392 Sqft ∙ Built 1948
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
  • 208 E Hamilton Ave Tampa, FL 3
    • 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1951
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.07
    •  
  • 6712 N 12th St Tampa, FL 5
    • 4 beds 3 baths ∙ 1,823 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,823 Sqft ∙ Built 1960
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.09
    •  
PROPERTY LISTING DETAILS
Kimberly Evans
1.813.466.8554
Century 21 Beggins Enterprises
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3297416
Last Updated: 03/25/2021
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