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2919 W Saint Conrad St Tampa, FL 33607

4 Beds 2 Baths 1,481 sqft Built 1960

$285,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $192.44
  • 2 Days on Market
  • MLS # : T3279748
  • Updated Date : 12/19/2020 at 18:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,481 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Location is key: This lovely 3 Bedroom 1 Bath home is located in the middle of Tampa and is now available. It comes with an attached 1 Bedroom 1 Bathroom In-Law Suite. Nice size fenced in back yard and minutes from International Mall, Tampa International Airport, Raymond James Stadium and St Josephs Hospital. Home is perfect for back yard get togethers and barbecues. Home also features plenty of parking and a nice circle driveway, even room for a medium size boat.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
West Tampa Elementary School Primary Regular 554 56 6
Madison Middle School Middle Regular 762 52 3
Jefferson High School High Magnet 1,518 97 3

West Tampa Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 56
6
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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,052
Property Tax -$343
Property Insurance -$122
Property Management Fees -$129
CASH FLOW
$15

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.

$285,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$25,068

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,629

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5253$1,6504$1,6605$1,800
$1,800
RENT COMPS ANALYSIS
  • 2919 W Saint Conrad St Tampa, FL 4
    • 4 beds 2 baths ∙ 1,481 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,481 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.12
    •  
  • 2917 W Saint Conrad St Tampa, FL 1
    • 4 beds 2 baths ∙ 1,596 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,596 Sqft ∙ Built 1960
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 2527 W Main St Tampa, FL 2
    • 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1948
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.07
    •  
  • 3226 W Saint Conrad St Tampa, FL 3
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1971
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.27
    •  
  • 2016 N Saint Vincent St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1977
    property image
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.12
    •  
PROPERTY LISTING DETAILS
Marco Lamonte
1.813.816.4456
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279748
Last Updated: 12/19/2020
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