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2102 E Frierson Ave Tampa, FL 33610

3 Beds 2 Baths 1,149 sqft Built 1995

$229,900

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $200.09
  • 7 Days on Market
  • MLS # : T3285322
  • Updated Date : 01/18/2021 at 16:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,149 sqft
  • Baths : 2 full
Listing Agent

Offerpad Brokerage

Listing Agent's Description

** VACANT and easy to show live or through our 3D tour! Come see this CUTE 3 bedroom 2 bathroom home with a garage. NEW PAINT and FLOORING. Upon entry you will find a living room and dining room combo. Kitchen is equipped with a ton of cabinetry, granite countertops, and stainless appliances. SPLIT FLOOR PLAN. Master bedroom with a walk in closet and a lot of storage. LARGE fenced backyard. NEW ROOF in 2019, NEW HVAC in 2020. Make this home yours! Located centrally in Tampa. Minutes to I-275, I-4, Downtown, Ybor City, Channelside, International Mall, Tampa International Airport, Raymond James Stadium, Restaurants and more..

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: East Tampa

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $45k238k

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

Neighborhood: East Tampa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6941613

* 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
Edison Elementary School Primary Regular 538 51 3
Mclane Middle School Middle Regular 756 61 2
Middleton High School High Magnet 1,448 93 4

Edison Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 51
3
GreatSchools Rating

Mclane Middle School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 61
2
GreatSchools Rating

Middleton High School

  • Education Level: High
  • # of students: 1,448
  • # of teachers: 93
4
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$799
Property Tax -$277
Property Insurance -$102
Property Management Fees -$129
CASH FLOW
-$57

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.

$229,900

PROJECTED PRICE

$1,250

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 9.8%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$10,917

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,267

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3003$1,3824$1,4255$1,425
$1,425
RENT COMPS ANALYSIS
  • 2102 E Frierson Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.09
    •  
  • 1310 E Palifox St Tampa, FL 2
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2000
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.08
    •  
  • 3019 E Comanche Ave Tampa, FL 3
    • 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
    •  
  • 1709 E Frierson Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1983
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.24
    •  
  • 3632 E Comanche Ave Tampa, FL 5
    • 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2005
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.06
    •  
PROPERTY LISTING DETAILS
Rob Jones
1.813.534.6326
Offerpad Brokerage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285322
Last Updated: 01/18/2021
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