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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $123.56
- 2 Days on Market
- MLS # : T3280391
- Updated Date : 12/13/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,456 sqft
- Baths : 2 full
Listing Agent
Star Bay Realty Corp.
Listing Agent's Description
Gorgeous fully renovated single family home, with New roof, New Kitchen, New floors, New bathrooms,. Kitchen is complete with all brand new stainless steel appliances, vinyl floor throughout the entire home except on the stair which has brand new carpet, painted inside and outside, Brand new AC. Home is centrally located in Tampa. Must see to appreciate all the designs and work which was put into this beautiful home. Home has not been green verified.
SEE MORE
- #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: Sulphur Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sulphur Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$664 |
| Property Tax | -$217 | |
| Property Insurance | -$120 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$350
|
||
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.
$179,900
PROJECTED PRICE
$1,480
PROJECTED RENT
0.82%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$53,424
LOAN DETAILS
$664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $44,975 |
| Loan Amount | $134,925 |
14.58
YEARS SAVED
$50,076
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,467
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
1725 E Idell St Tampa, FL 5
- 4 beds 2 baths ∙ 1,456 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,456 Sqft ∙ Built 1983
![property image]()
- Rent
- Rent Per SQFT
- $1,480
- $1.02
-
1818 E Eskimo Ave Tampa, FL 1
- 4 beds 1 baths ∙ 1,332 Sqft ∙ Built 1975 4 beds 1 baths ∙ 1,332 Sqft ∙ Built 1975
![property image]()
LEASED 11/25/20- Rent
- Rent Per SQFT
- $1,245
- $0.93
-
1012 E Okaloosa Ave Tampa, FL 2
- 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1984
![property image]()
LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,300
- $1.00
-
8509 N 15th St Tampa, FL 3
- 4 beds 2 baths ∙ 1,377 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,377 Sqft ∙ Built 1984
![property image]()
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,399
- $1.02
-
8501 N 17th St Tampa, FL 4
- 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,400
- $1.08
PROPERTY LISTING DETAILS
1.727.902.0751
Star Bay Realty Corp.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3280391
Last Updated: 12/13/2020
