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2920 W Sligh Ave Tampa, FL 33614

3 Beds 2 Baths 1,755 sqft Built 1961

$289,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $165.19
  • 6 Days on Market
  • MLS # : T3281808
  • Updated Date : 12/23/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,755 sqft
  • Baths : 2 full
Listing Agent

La Rosa Realty The Elite Llc

Listing Agent's Description

Fully remodeled 3/2 right under 1800 square feet of living space. NEW AC, plumbing, flooring, kitchen and bathrooms. As you walk into the house you'll immediately notice the newly installed tile throughout the home, followed by the updated kitchen with stainless appliances, white shaker cabinets, granite countertops and waterfall island. The bathrooms follow the same style of the kitchen with with the granite and shaker-style cabinets. The backyard is fully fenced and there is plenty of room for patio furniture in the covered porch. Move-in ready. Call your agent today to set up a private showing.

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: Egypt Lake - Leto

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Egypt Lake - Leto

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
Pierce Middle School Middle Regular 977 66 3
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

Pierce Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 66
3
GreatSchools Rating

Hillsborough High School

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

$260,910$318,890$289,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,070
Property Tax -$357
Property Insurance -$138
Property Management Fees -$129
CASH FLOW
$27

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.

$289,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$26,485

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,755

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,6504$1,7205$1,800
$1,800
RENT COMPS ANALYSIS
  • 2920 W Sligh Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.98
    •  
  • 7809 N Woodlynne Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1963
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 2513 W Minnehaha St Tampa, FL 2
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1955
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 7808 Lakeside Blvd Tampa, FL 3
    • 4 beds 3 baths ∙ 1,768 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,768 Sqft ∙ Built 1966
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 3019 W Sitka St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1980
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
PROPERTY LISTING DETAILS
Cody Holley
1.813.482.8411
La Rosa Realty The Elite Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3281808
Last Updated: 12/23/2020
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