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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northeast Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,024
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $54,975 |
| Loan Amount | $164,925 |
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
-
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
1.727.510.6353
Bhhs Florida Properties Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8109219
Last Updated: 01/08/2021
