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1801 Hillside Dr Tampa, FL 33610

4 Beds 2 Baths 1,552 sqft Built 1996

$292,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $188.14
  • 2 Days on Market
  • MLS # : U8112346
  • Updated Date : 02/06/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,552 sqft
  • Baths : 2 full
Listing Agent

Franklin & Associates Realty

Listing Agent's Description

DO NOT MISS OUT ON THIS 4BR/2BA beautifully remodeled home which sits on a corner lot, located on a quiet street in the desirable Seminole Heights community. Updates include new kitchen, new bathrooms, new floors, newer windows, newer HVAC, fresh paint inside/outside, Shaker Style Wood Cabinets, gorgeous gray Granite counters, Stainless Steel Appliance package (side by side refrigerator, dishwasher, built-in smooth top stove), breakfast bar, recessed lighting, inside utility room and an en-suite master bedroom. Let the little ones play in your New privacy fenced yard with mature trees. Just a short and peaceful walk to the Park w/ a Disc Golf Course or Baseball field. Rogers Park Golf Club is just around the corner. Less than ten mins to Veterans Expressway, shopping, entertainment, and minutes to Tampa Intl Airport, Downtown Tampa, and the Tampa Riverwalk. Search no more! Schedule your private showing before it's gone!

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: Old Seminole Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $67k238k

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

Neighborhood: Old Seminole Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8381613

* 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
Foster Elementary School Primary Regular 524 48 2
Sligh Middle School Middle Magnet 588 52 2
Hillsborough High School High Magnet 1,947 107 4

Foster Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 48
2
GreatSchools Rating

Sligh Middle School

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 52
2
GreatSchools Rating

Hillsborough High School

  • Education Level: High
  • # of students: 1,947
  • # of teachers: 107
4
GreatSchools Rating
 

$262,800$321,200$292,000

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 -$1,014
Property Tax -$352
Property Insurance -$126
Property Management Fees -$129
CASH FLOW
-$71

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.

$292,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 13.3%
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$1.0M$1.2M

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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,130

INVESTMENT

$83,130

Down Payment
$73,000
Rehab Estimate
$5,750
Closing Costs
$4,380

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,000
Loan Amount $219,000
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,928

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
  • $1

    LIST RENT PER SQFT
  • $1,692

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,382
1$1,3822$1,3953$1,5504$1,5505$1,895
$1,895
RENT COMPS ANALYSIS
  • 1801 Hillside Dr Tampa, FL 4
    • 4 beds 2 baths ∙ 1,552 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,552 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
  • 3019 E Comanche Ave Tampa, FL 1
    • 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2005
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,382
    • $1.03
    •  
  • 3211 E Paris St Tampa, FL 2
    • 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1976
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.04
    •  
  • 202 E Clinton St Tampa, FL 3
    • 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2001
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.15
    •  
  • 1901 E Hamilton Ave Tampa, FL 5
    • 3 beds 3 baths ∙ 1,665 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,665 Sqft ∙ Built 2007
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.14
    •  
PROPERTY LISTING DETAILS
Mo Franklin
1.727.420.8110
Franklin & Associates Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8112346
Last Updated: 02/06/2021
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