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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $213.85
- 6 Days on Market
- MLS # : U8111264
- Updated Date : 01/28/2021 at 13:32
CONSTRUCTION
- Beds : 3
- Floor Size : 888 sqft
- Baths : 1 full
Listing Agent
Stofel & Associates Realty
Listing Agent's Description
Step into this gorgeous 3 bedroom 1 bath single story home, as you walk up to the property you are greeted by wooden fence all the way around, this freshly painted house stands out for its beauty, as you walk in through the door you will notice Terrazzo flooring all around the main living spaces, this well laid out floor plan boasts comfort and privacy. Too many new additions to list, brand new hardware all over, new toilet, new sink, new doors, new double panel windows, upgraded lighting. The roof is only 5 years old, brand new paint inside and outside. All new gutters all the way around the property, all trees have been removed from the yard as well. HVAC & Furnace are both less than 6 years old. Enjoy the Outdoor grilling area with comfort and privacy, the property also has a powered storage shed that can be used as a small workshop. ***INVESTMENT POTENTIAL*** This property includes separate IN-LAW suite that was built up to code to be an office, GREAT HOME OFFICE POTENTIAL, it has a full working bathroom with toilet/ sink/ shower as well as A/C and power all around. Less than 5 minutes to USF, 5 minutes to 275, and just a short drive from variable entertainment options. THIS IS A GREAT PROPERTY!
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: University Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: University Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,060 |
| EXPENSES | Loan Payment | -$660 |
| Property Tax | -$229 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$45
|
||
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.
$189,900
PROJECTED PRICE
$1,060
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 15.0% |
| 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
$56,074
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,475 |
| Loan Amount | $142,425 |
5
YEARS SAVED
$9,423
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,060
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$1,061
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
-
1814 Marvy Ave Tampa, FL 1
- 3 beds 1 baths ∙ 888 Sqft ∙ Built 1960 3 beds 1 baths ∙ 888 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $1,060
- $1.19
-
1406 E Linebaugh Ave Tampa, FL 2
- 3 beds 1 baths ∙ 900 Sqft ∙ Built 1948 3 beds 1 baths ∙ 900 Sqft ∙ Built 1948
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,100
- $1.22
-
920 E Seneca Ave Tampa, FL 3
- 3 beds 1 baths ∙ 972 Sqft ∙ Built 1949 3 beds 1 baths ∙ 972 Sqft ∙ Built 1949
LEASED 10/11/20- Rent
- Rent Per SQFT
- $1,150
- $1.18
-
804 E Orchid Ave Tampa, FL 4
- 3 beds 2 baths ∙ 1,054 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,054 Sqft ∙ Built 1980
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,225
- $1.16
-
10014 N Hyacinth Ave Tampa, FL 5
- 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1963
LEASED 07/28/20- Rent
- Rent Per SQFT
- $1,250
- $1.22
PROPERTY LISTING DETAILS
1.727.365.6263
Stofel & Associates Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8111264
Last Updated: 01/28/2021
