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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,075
LOAN DETAILS
$756
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,250 |
| Loan Amount | $153,749 |
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
-
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
1.813.270.3659
Keller Williams Realty South Tampa
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3282695
Last Updated: 01/02/2021
