Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $179.03
- 2 Days on Market
- MLS # : T3287510
- Updated Date : 01/30/2021 at 23:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,564 sqft
- Baths : 2 full
Listing Agent
Laura Ferguson Realty
Listing Agent's Description
Under Construction. Under Construction. Photos are of previous built homes with same floor plans. The entrance to this Beautiful home has tile flooring that leads you throughout the foyer to the large, open-concept living space and kitchen area. The kitchen has a large center island with pendant lighting, floor-to-ceiling cabinetry, granite countertops, and new stainless steel appliances. The master bedroom is very spacious with high ceilings. The other rooms are spacious and perfect for the rest of the family. With this home you get both the central location to downtown Ybor and Channelside along with a turn-key, completely renovated home with great new features and upgrades. These homes have a reputation for selling fast, so hurry in and see it for yourself before it's gone, because in just a few minutes in the other direction, you can head to Desoto Park and McKay Bay with access to amazing family amenities such as the Family Pool, basketball courts, playground, trail, and plenty of activities for the whole family. Don't miss this beautiful new home centrally located minutes from Ybor City and Channel side, with all the great restaurants and activities they have to offer such as the Florida Aquarium, Tampa Museum of Art, Centennial Park, and much more... previous built locate homes 2708 & 2710 n. 33rd street
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: East Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$973 |
| Property Tax | -$337 | |
| Property Insurance | -$127 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$35
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.
$280,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 9.8% |
| Maintenance Year (1-5) | 3.00% |
| 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
$76,200
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
5.42
YEARS SAVED
$15,734
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,572
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
2104 E Ellicott St Tampa, FL 4
- 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $1,530
- $0.98
-
2000 E Ellicott St Tampa, FL 1
- 4 beds 2 baths ∙ 1,218 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,218 Sqft ∙ Built 2007
![property image]()
LEASED 01/14/20- Rent
- Rent Per SQFT
- $1,195
- $0.98
-
3019 E Comanche Ave Tampa, FL 2
- 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2005
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,382
- $1.03
-
2603 E Cayuga St Tampa, FL 3
- 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 2008
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.93
-
2615 E Curtis St Tampa, FL 5
- 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2001
![property image]()
LEASED 01/27/21- Rent
- Rent Per SQFT
- $1,695
- $1.08
PROPERTY LISTING DETAILS
1.813.546.3552
Laura Ferguson Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3287510
Last Updated: 01/30/2021
