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3005 E Louisiana Ave Tampa, FL 33610

3 Beds 2 Baths 1,169 sqft Built 1969

$204,999

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $175.36
  • 3 Days on Market
  • MLS # : T3282695
  • Updated Date : 01/02/2021 at 08:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,169 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty South Tampa

Listing Agent's Description

TAKE A VIRTUAL TOUR (copy & paste link): https://view.ricohtours.com/958b9b76-29ff-4aca-89dd-ddff606acca1 --- Looking to make 2021 a more memorable year? You deserve a great home with outdoor entertaining space that keeps you close to your friends and family. Make your new home the go-to spot for entertainment! Give your dog the backyard they really deserve. Sleep easy knowing that all of your major systems are are solid. This 3 BED, 2 FULL BATH BLOCK HOME offers a generous HOME OFFICE/BONUS ROOM for your family to enjoy! Tastefully remodeled in late 2020, this home has a NEW ROOF (2020) and NEW HVAC (2018), NEW PRIVACY FENCING (2020), & UPDATED ELECTRICAL & PLUMBING. Conveniently located in the BOOMING East Tampa area, you are mere minutes away from the neighboring community of Seminole Heights and I-275 and I-4 interstate access. Belmont Heights gives you the location you want without the price tag your neighbors will pay! You don't even have to start the car to take a relaxing walk at the STUNNING Clarence Fort Freedom Trail. In the spirit of transparency, the seller had an inspection completed prior to listing. Have peace of mind by asking your realtor to share the report with you. So gather 'round the fire pit-- make your 2021 memories in a home that was made for them!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
Potter Elementary School Primary Regular 636 63 2
Mclane Middle School Middle Regular 756 61 2
Middleton High School High Magnet 1,448 93 4

Potter Elementary School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 63
2
GreatSchools Rating

Mclane Middle School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 61
2
GreatSchools Rating

Middleton High School

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

$184,499$225,499$204,999

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$756
Property Tax -$247
Property Insurance -$104
Property Management Fees -$129
CASH FLOW
$4

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.

$204,999

PROJECTED PRICE

$1,240

PROJECTED RENT

0.60%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,749
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$17,473

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,245

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,2503$1,2504$1,2955$1,350
$1,350
RENT COMPS ANALYSIS
  • 3005 E Louisiana Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,169 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,169 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $1.06
    •  
  • 4005 Deleuil Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1955
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.06
    •  
  • 3210 E Louisiana Ave Tampa, FL 3
    • 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1971
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
  • 3101 E Cayuga St Tampa, FL 4
    • 4 beds 2 baths ∙ 1,189 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,189 Sqft ∙ Built 1951
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.09
    •  
  • 4208 N 31st St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1964
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.08
    •  
PROPERTY LISTING DETAILS
Alicia Deer-katz
1.813.270.3659
Keller Williams Realty South Tampa
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282695
Last Updated: 01/02/2021
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