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2104 E Ellicott St Tampa, FL 33610

3 Beds 2 Baths 1,564 sqft Built 2021

$280,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 31, 2021 RECENTLY ADDED
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

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: 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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,200

INVESTMENT

$76,200

Down Payment
$70,000
Rehab Estimate
$2,000
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

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
$1,195
1$1,1952$1,3823$1,4504$1,5305$1,695
$1,695
RENT COMPS ANALYSIS
  • 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
Laura Ferguson
1.813.546.3552
Laura Ferguson Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287510
Last Updated: 01/30/2021
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