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2505 W Aileen St Tampa, FL 33607

4 Beds 3 Baths 1,835 sqft Built 2001

$399,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $217.44
  • 3 Days on Market
  • MLS # : T3274875
  • Updated Date : 11/07/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,835 sqft
  • Baths : 3 full
Listing Agent

First Housing Realty Group

Listing Agent's Description

Beautiful remodeled house with 3 beds, 2 baths on the main house and 1 bed and 1 bath in the mother in law, ready to move in with great location.

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: MacFarlane Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: MacFarlane Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7151613

* 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
Tampa Bay Boulevard Elementary School Primary Regular 758 62 2
Madison Middle School Middle Regular 762 52 3
Jefferson High School High Magnet 1,518 97 3

Tampa Bay Boulevard Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 62
2
GreatSchools Rating

Madison Middle School

  • Education Level: Middle
  • # of students: 762
  • # of teachers: 52
3
GreatSchools Rating

Jefferson High School

  • Education Level: High
  • # of students: 1,518
  • # of teachers: 97
3
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,472
Property Tax -$480
Property Insurance -$142
Property Management Fees -$80
CASH FLOW
$45

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.

$399,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 12.2%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$37,190

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,220

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,381

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,1003$2,2204$2,2505$2,700
$2,700
RENT COMPS ANALYSIS
  • 2505 W Aileen St Tampa, FL 3
    • 4 beds 3 baths ∙ 1,835 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,835 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.21
    •  
  • 2321 W Beach St Tampa, FL 1
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2015
    property image
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.19
    •  
  • 2907 W Chestnut St Tampa, FL 2
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2007
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.18
    •  
  • 3023 W Spruce St Tampa, FL 4
    • 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 2018
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.35
    •  
  • 2708 W Aileen St Tampa, FL 5
    • 3 beds 3 baths ∙ 1,836 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,836 Sqft ∙ Built 2001
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.47
    •  
PROPERTY LISTING DETAILS
Daniel Echevarria
1.813.443.4775
First Housing Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274875
Last Updated: 11/07/2020
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