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3001 E 27th Ave Tampa, FL 33605

5 Beds 2 Baths 1,850 sqft Built 1965

$231,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $125.35
  • 5 Days on Market
  • MLS # : T3285660
  • Updated Date : 01/20/2021 at 12:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,850 sqft
  • Baths : 2 full
Listing Agent

Florida Real Estate Associates

Listing Agent's Description

Come check out this amazing property! This spacious 5 bed/2 bath home will suit the perfect family or individual! This home boasts of 1850sqft of living space. The bathrooms have been renovated with a fabulous touch of design, that anyone could love. The outside includes a fenced yard serving a wonderful play area, or the perfect pet playground. This home can be a fantastic starter home! It is centrally located to I-4 & I-275 just minutes away from Ybor City. Schedule your showing today to see this home before its gone!

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: East Tampa

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $45k238k

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

Neighborhood: East Tampa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6941613

* 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 Park Elementary School Primary Regular 602 55 1
Greco Middle School Middle Regular 862 57 1
Middleton High School High Magnet 1,448 93 4

Oak Park Elementary School

  • Education Level: Primary
  • # of students: 602
  • # of teachers: 55
1
GreatSchools Rating

Greco Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 57
1
GreatSchools Rating

Middleton High School

  • Education Level: High
  • # of students: 1,448
  • # of teachers: 93
4
GreatSchools Rating
 

$208,710$255,090$231,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$805
Property Tax -$279
Property Insurance -$143
Property Management Fees -$129
CASH FLOW
$193

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.

$231,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 9.8%
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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,204

INVESTMENT

$67,204

Down Payment
$57,975
Rehab Estimate
$5,750
Closing Costs
$3,479

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$805

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,975
Loan Amount $173,925
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$33,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,659

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,5954$1,695
$1,695
RENT COMPS ANALYSIS
  • 3001 E 27th Ave Tampa, FL 1
    • 5 beds 2 baths ∙ 1,850 Sqft ∙ Built 1965 5 beds 2 baths ∙ 1,850 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 3207 N 45th St Tampa, FL 2
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1961
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 3808 E 21st Ave Tampa, FL 3
    • 4 beds 2 baths ∙ 1,639 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,639 Sqft ∙ Built 1950
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 1612 E 33rd Ave Tampa, FL 4
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1963
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Matt Young
1.813.267.5597
Florida Real Estate Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285660
Last Updated: 01/20/2021
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