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1807 W Crawford St Tampa, FL 33604

4 Beds 3 Baths 1,879 sqft Built 1963

$309,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $164.45
  • 2 Days on Market
  • MLS # : T3274087
  • Updated Date : 11/03/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,879 sqft
  • Baths : 3 full
Listing Agent

Florida Capital Realty

Listing Agent's Description

Location, location, location! Come live in one of Tampa's most desirable neighborhoods. This Seminole Heights find is 1 mile from the heart of dining, coffeeshops, and shopping. Only a quarter mile from Lowry Park Zoo and a half mile from the Hillsborough boat ramp. This home has been owned and lovingly maintained by the same family since 1974. It has lots of potential— from its large backyard with plenty of room for the addition of a pool to the 2x8 beams in the attic that make it prime for a second-story add-on. The wet bar area between the living and dining areas was removed to make room for an office, making it an ideal work-from-home setup. Owner is happy to negotiate furniture with sale.

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: Armenia Gardens Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Armenia Gardens Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
Oak Grove Elementary School Primary Regular 852 67 5
Memorial Middle School Middle Regular 654 50 2
Chamberlain High School High Regular 1,772 98 4

Oak Grove Elementary School

  • Education Level: Primary
  • # of students: 852
  • # of teachers: 67
5
GreatSchools Rating

Memorial Middle School

  • Education Level: Middle
  • # of students: 654
  • # of teachers: 50
2
GreatSchools Rating

Chamberlain High School

  • Education Level: High
  • # of students: 1,772
  • # of teachers: 98
4
GreatSchools Rating
 

$278,100$339,900$309,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,140
Property Tax -$372
Property Insurance -$145
Property Management Fees -$80
CASH FLOW
$23

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.

$309,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 13.5%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$27,038

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,757

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6004$1,6495$1,760
$1,760
RENT COMPS ANALYSIS
  • 1807 W Crawford St Tampa, FL 5
    • 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 1963 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.94
    •  
  • 8435 N Jones Ave Tampa, FL 1
    • 4 beds 2 baths ∙ 1,617 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,617 Sqft ∙ Built 1954
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 6909 N Oregon Ave Tampa, FL 2
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1966
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.80
    •  
  • 2513 W Minnehaha St Tampa, FL 3
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1955
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 8008 N Lynn Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1965
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.97
    •  
PROPERTY LISTING DETAILS
Ben Debrocke
1.813.601.7261
Florida Capital Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274087
Last Updated: 11/03/2020
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