Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- 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
* 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 | $1,800 |
| 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
| 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
$97,970
LOAN DETAILS
$1,209
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,000 |
| Loan Amount | $261,000 |
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
-
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
1.813.363.3031
Florida's 1st Choice Rlty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291552
Last Updated: 02/23/2021
