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1815 E Humphrey St Tampa, FL 33604

4 Beds 2 Baths 1,200 sqft Built 1977

$220,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $183.33
  • 7 Days on Market
  • MLS # : T3278007
  • Updated Date : 12/05/2020 at 14:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent

Newkirk Realty Group, Llc

Listing Agent's Description

****Multiple Offer situation per seller Highest and Best by Sunday 5:00 pm**Looking for a Move in Ready House? This is the One!! All brand new and ready for a New Owner. New Roof, New AC Unit and Air Handler, New AC ducts. New flooring trough out. All brand new windows, New Paint inside and outside, New Kitchen with all new cabinets, New Doors, All brand New Fixtures, New Bathrooms. You need more. New Water heater, New Front Yard Sod, New Plumbing, New Electrical Panel, New Stucco Finish and more.. This house has it all. Space, front and back yard perfect for family gatherings. This house and close to I-275 and Bush Gardens. Just 15 from the Tampa International Airport and beautiful beaches. Call and schedule your private showing today.

SEE MORE

MARKET HIGHLIGHTS

  • #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: Hillsboro Heights

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $45k238k

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

Neighborhood: Hillsboro Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6481613

* 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
Van Buren Middle School Middle Regular 541 46 1
Wharton High School High Regular 2,261 128 4

Van Buren Middle School

  • Education Level: Middle
  • # of students: 541
  • # of teachers: 46
1
GreatSchools Rating

Wharton High School

  • Education Level: High
  • # of students: 2,261
  • # of teachers: 128
4
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$812
Property Tax -$265
Property Insurance -$98
Property Management Fees -$129
CASH FLOW
-$4

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.

$220,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$17,968

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,245

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3003$1,3004$1,4255$1,450
$1,450
RENT COMPS ANALYSIS
  • 1815 E Humphrey St Tampa, FL 3
    • 4 beds 2 baths ∙ 1,080 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,080 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.20
    •  
  • 10014 N Hyacinth Ave Tampa, FL 1
    • 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
    •  
  • 2001 E Broad St Tampa, FL 2
    • 3 beds 1 baths ∙ 1,186 Sqft ∙ Built 1957 3 beds 1 baths ∙ 1,186 Sqft ∙ Built 1957
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.10
    •  
  • 2017 E Okaloosa Ave Tampa, FL 4
    • 3 beds 1 baths ∙ 1,260 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,260 Sqft ∙ Built 1962
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.13
    •  
  • 1416 E Poinsettia Ave Tampa, FL 5
    • 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1964
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.16
    •  
PROPERTY LISTING DETAILS
Veronica Lopez
1.813.847.8802
Newkirk Realty Group, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278007
Last Updated: 12/05/2020
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