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2107 E Linebaugh Ave Tampa, FL 33612

3 Beds 2 Baths 1,215 sqft Built 1975

$219,900

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $180.99
  • 4 Days on Market
  • MLS # : U8109219
  • Updated Date : 01/08/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,215 sqft
  • Baths : 2 full
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

Completely renovated home with 3 Bedrooms and 2 Bathrooms. The New kitchen includes white shaker cabinets with custom soft-close cabinetry, stainless steel appliances, and granite counter tops. Both bathrooms have been completely transformed using a neutral, spa-like gray and white color scheme. Newer HVAC system and hot water tank. Home features new flooring throughout, fresh paint inside and outside, new plumbing fixtures and remodeled bathrooms with exquisite modern colors. The brighht and airy living and dining room are perfect to entertain your friends. There is a gated driveway. There is a huge fenced rear yard for all your entertaining or relaxing. No HOA or Community fees. Growing suburban neighborhood, nearby bus stop, close to shopping, hospital, schools, restaurants, parks, easy interstate access to downtown, airport, beaches and many other entertainment amenities. Enjoy worry free living with 1 year home warranty provided by seller.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Northeast Tampa

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $50k238k

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

Neighborhood: Northeast Tampa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6271613

* 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
 

$197,910$241,890$219,900

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 -$764
Property Tax -$265
Property Insurance -$106
Property Management Fees -$129
CASH FLOW
-$14

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.

$219,900

PROJECTED PRICE

$1,250

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 14.5%
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$1.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$13,638

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
  • $1.03

    LIST RENT PER SQFT
  • $1,318

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3503$1,3754$1,3955$1,399
$1,399
RENT COMPS ANALYSIS
  • 2107 E Linebaugh Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
  • 1421 E Annie St Tampa, FL 2
    • 3 beds 2 baths ∙ 1,167 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,167 Sqft ∙ Built 1955
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.16
    •  
  • 1521 Heather Ave Tampa, FL 3
    • 3 beds 1 baths ∙ 1,206 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,206 Sqft ∙ Built 1956
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.14
    •  
  • 2014 E Linebaugh Ave Tampa, FL 4
    • 4 beds 2 baths ∙ 1,370 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,370 Sqft ∙ Built 1984
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.02
    •  
  • 8509 N 15th St Tampa, FL 5
    • 4 beds 2 baths ∙ 1,377 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,377 Sqft ∙ Built 1984
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.02
    •  
PROPERTY LISTING DETAILS
William Lewis
1.727.510.6353
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109219
Last Updated: 01/08/2021
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