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2107 W Clinton St Tampa, FL 33604

4 Beds 3 Baths 1,556 sqft Built 1961

$279,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1961
  • Price/Sqft : $179.88
  • 16 Days on Market
  • MLS # : T3272535
  • Updated Date : 11/04/2020 at 16:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,556 sqft
  • Baths : 3 full
Listing Agent

Jpt Realty Llc

Listing Agent's Description

The property is centrally located, the main house consists of 3 bedrooms and 2 bathrooms and a large efficiency for additional income, which easily and with provision by the seller to turn it into 4/3 for a large family,New Roof March 2017.The home has a great layout. The living room and dining feel bright and airy with French doors and French door panels overlooking the backyard.Across the street from a private pond. No neighbors directly behind the home. Utility room. Outdoor shed for storage.

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: Armenia Gardens Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Armenia Gardens Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
Oak Grove Elementary School Primary Regular 852 67 5
Memorial Middle School Middle Regular 654 50 2
Hillsborough High School High Magnet 1,947 107 4

Oak Grove Elementary School

  • Education Level: Primary
  • # of students: 852
  • # of teachers: 67
5
GreatSchools Rating

Memorial Middle School

  • Education Level: Middle
  • # of students: 654
  • # of teachers: 50
2
GreatSchools Rating

Hillsborough High School

  • Education Level: High
  • # of students: 1,947
  • # of teachers: 107
4
GreatSchools Rating
 

$251,910$307,890$279,900

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 -$1,033
Property Tax -$337
Property Insurance -$126
Property Management Fees -$80
CASH FLOW
-$46

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.

$279,900

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) 13.5%
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$1.2M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$17,795

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
  • $1,533

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5003$1,5304$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 2107 W Clinton St Tampa, FL 3
    • 4 beds 3 baths ∙ 1,556 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,556 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.98
    •  
  • 7016 N Oregon Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1954
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 7809 N Woodlynne Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1963
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 8435 N Jones Ave Tampa, FL 4
    • 4 beds 2 baths ∙ 1,617 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,617 Sqft ∙ Built 1954
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 2513 W Minnehaha St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1955
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Maria Tarrau
1.813.325.4177
Jpt Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3272535
Last Updated: 11/04/2020
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