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1922 Gregory Dr Tampa, FL 33613

3 Beds 2 Baths 1,412 sqft Built 1983

$245,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $173.51
  • 7 Days on Market
  • MLS # : T3278253
  • Updated Date : 12/01/2020 at 00:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,412 sqft
  • Baths : 2 full
Listing Agent

Bahia International Realty

Listing Agent's Description

A charming completely remodeled like new, 3 bedroom, 2 bathrooms, 2 car garages, in subdivision with no HOA fee. Kitchen with granite countertops and wood cabinets, stainless steel appliances, wine cabinet,... new laminate wood floors, Open floor plan with split bedrooms. Upgrade bathroom with modern styles. Plenty of rooms on back yard for gardening and screened room looking over water with access from master bedroom with Walk-in closet. Double Detached garage. Price to sell. A must see. Sale As is.

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: Cross Fletcher

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $49k238k

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

Neighborhood: Cross Fletcher

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6711613

* 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
Mort Elementary School Primary Regular 901 74 3
Buchanan Middle School Middle Regular 743 53 3
Freedom High School High Regular 2,069 103 4

Mort Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 74
3
GreatSchools Rating

Buchanan Middle School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 53
3
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 2,069
  • # of teachers: 103
4
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$904
Property Tax -$301
Property Insurance -$118
Property Management Fees -$129
CASH FLOW
$8

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.

$245,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$20,986

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,666

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,5003$1,5504$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 1922 Gregory Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.03
    •  
  • 2620 Golden Antler Ln Lutz, FL 2
    • 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,416 Sqft ∙ Built 2003
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
  • 14955 Deer Meadow Dr Lutz, FL 3
    • 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 2002
    property image
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.22
    •  
  • 2008 Gregory Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1983
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.27
    •  
  • 14902 Deer Meadow Dr Lutz, FL 5
    • 4 beds 2 baths ∙ 1,494 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,494 Sqft ∙ Built 2001
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.17
    •  
PROPERTY LISTING DETAILS
Thu Kim Do
1.813.924.0774
Bahia International Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278253
Last Updated: 12/01/2020
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