Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2615 E Liberty St Tampa, FL 33612

3 Beds 2 Baths 912 sqft Built 1967

INVESTimate

$164,900

List Price

$1,020

$918 - $1,122

Rent Est.

$189,602  ( +14.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1967
  • Price/Sqft : $180.81
  • 5 Days on Market
  • MLS # : T3260991
  • Updated Date : 08/23/2020 at 03:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 912 sqft
  • Baths : 1 full , 1 half
Listing Agent

Florida Integrity Inc

Listing Agent's Description

Make this 3 bedroom 1 and a half bath home yours! Located on a quiet street close to all shopping and major roads, this home is very close to USF and Busch Gardens. This block beauty is a great starter home or rental. The large spacious fenced front and back yard is welcoming to families and animals. The carport is great for parking and enjoying being outside in a covered space. Separate laundry room with 2015 water heater. New roof in 2015 and New A/C in 2015. Home is being freshly painted, new carpeting installed, and is getting a new bathtub and tile surround. There is ceramic tile in all traffic areas. Priced to sell!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: University Square

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $50k238k

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

Neighborhood: University Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6561613

* 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
Witter Elementary School Primary Regular 563 50 2
Adams Middle School Middle Regular 1,017 75 2
Wharton High School High Regular 2,261 128 4

Witter Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 50
2
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,017
  • # of teachers: 75
2
GreatSchools Rating

Wharton High School

  • Education Level: High
  • # of students: 2,261
  • # of teachers: 128
4
GreatSchools Rating
 

$148,410$181,390$164,900

PURCHASE PRICE

$918$1,122$1,020

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,020
EXPENSES Loan Payment -$608
Property Tax -$199
Property Insurance -$89
Property Management Fees -$80
CASH FLOW
$44

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.

$164,900

PROJECTED PRICE

$1,020

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 14.98%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,449

INVESTMENT

$49,449

Down Payment
$41,225
Rehab Estimate
$5,750
Closing Costs
$2,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$608

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,225
Loan Amount $123,675
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$17,938

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,020

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,069

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,020
1$1,0202$1,1393$1,2504$1,2505$1,375
$1,375
RENT COMPS ANALYSIS
  • 2615 E Liberty St Tampa, 1
    • 3 beds 2 baths ∙ 912 Sqft ∙ Built 1967 3 beds 2 baths ∙ 912 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,020
    • $1.12
    •  
  • 1102 E 108th Ave Tampa, 2
    • 3 beds 2 baths ∙ 972 Sqft ∙ Built 1971 3 beds 2 baths ∙ 972 Sqft ∙ Built 1971
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,139
    • $1.17
    •  
  • 2301 E 112th Ave Tampa, 3
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1967
    LEASED 03/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.16
    •  
  • 10014 N Hyacinth Ave Tampa, 4
    • 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1963
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.22
    •  
  • 1521 Heather Ave Tampa, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Charles Socci
1.813.477.8347
Florida Integrity Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260991
Last Updated: 08/23/2020
BESbswy