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3102 E Columbus Dr Tampa, FL 33605

4 Beds 2 Baths 1,728 sqft Built 2019

$348,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $201.39
  • 6 Days on Market
  • MLS # : T3291552
  • Updated Date : 02/23/2021 at 19:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,728 sqft
  • Baths : 2 full
Listing Agent

Florida's 1st Choice Rlty Llc

Listing Agent's Description

This home is IMMACULATE! NO CDD OR HOA, 4 bedroom 2 bath features an open concept floor plan, high ceilings, recessed lighting and tile through out the home. A leaded glass door greets you into a nice long hallway where the 3 bedrooms are split from the master. The luxurious kitchen has 42in. tall cabinets, beautiful quartz counter tops, a closet pantry, Samsung stainless appliances and and island with breakfast bar. This space is shared with the dining area and living space. The master suite is at the back of the house and has tray ceilings, 2 walk-in closets, dual sinks in the vanity and a glass enclosed shower. Bedroom 3 is at the front of the house and perfect for an office or hobby space with all the light coming in. The other 2 bedrooms are in the center and are separated by a full bathroom in the hallway. The dining has is being used for phooseball and a pacman game ! Off the living space there is a porch with access to the fenced back yard. Hurricane shutters and hurricane garage door are installed and help with the insurance costs. A block away you can enjoy a walk in the park that includes a running path, tennis and basketball courts. Minutes away from historical Ybor City, Amuture Work, down town Tampa, restaurants and entertainment. Conveniently located with in minutes to the Crosstown Expressway and I4. Come and take a look at the nearly new home today !!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$313,200$382,800$348,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,209
Property Tax -$419
Property Insurance -$136
Property Management Fees -$129
CASH FLOW
-$93

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.

$348,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.52%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,970

INVESTMENT

$97,970

Down Payment
$87,000
Rehab Estimate
$5,750
Closing Costs
$5,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,209

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,000
Loan Amount $261,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,490

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,914

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,6504$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 3102 E Columbus Dr Tampa, FL 5
    • 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
  • 2917 E 25th Ave Tampa, FL 1
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 2007
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.93
    •  
  • 3210 N 16th St Tampa, FL 2
    • 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 2006
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 1606 E Ida St Tampa, FL 3
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 2017
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.19
    •  
  • 2914 N 18th Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 2019
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.26
    •  
PROPERTY LISTING DETAILS
Chris Spooner
1.813.363.3031
Florida's 1st Choice Rlty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3291552
Last Updated: 02/23/2021
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