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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $212.77
- 4 Days on Market
- MLS # : T3284883
- Updated Date : 01/15/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,175 sqft
- Baths : 1 full
Listing Agent
Scott Realty, Llc
Listing Agent's Description
Oak Grove Central Tampa Home - Convenient to EVERYTHING! Nestled on a mature street filled with new builds and newly renovated homes hides 3109 West Rio Vista Ave. Turnkey easy living at its finest in this single story updated craftsman esque home with a large city lot. Inside this gorgeous home, features include: original terrazzo floors, all new hurricane rated doors and windows, newer stainless steel appliances, real wood custom cabinetry in the kitchen accompanied by designer quartz counters and counter to ceiling white subway tiles make up a kitchen fit for your favorite FOOD channel chef. Bring the outside in under your front porch overlooking the oversized front yard. UPDATED and ready for a new owners personal touch. Brand NEW 2019 Asphalt Shingle Roof - Roof Warranty is transferable! Brand NEW paint outside! Brand NEW 2019 Central Air System. Brand NEW Hurricane rated energy efficient Doors and Windows. Located in Hillsborough County, right in the middle of Tampa this cute home is centrally located to all the fun and charm Tampa has to offer. Located within perfect proximity to downtown Tampa, Tampa Int'l Airport, The Gulf Beaches, the hundreds of shopping and dining establishments in South Tampa, Seminole Heights, The New Midtown and Ybor. Easy access to I-275, I-4 and Veterans Expressway you are minutes from anything you need in Tampa!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Egypt Lake - Leto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Egypt Lake - Leto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$301 | |
| Property Insurance | -$104 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$42
|
||
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.
$250,000
PROJECTED PRICE
$1,360
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 8.3% |
| 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
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
5.25
YEARS SAVED
$13,374
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$1,360
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
3109 W Rio Vista Ave Tampa, FL 3
- 3 beds 1 baths ∙ 1,175 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,175 Sqft ∙ Built 1961
- Rent
- Rent Per SQFT
- $1,360
- $1.16
-
2521 W South Ave Tampa, FL 1
- 3 beds 1 baths ∙ 1,065 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,065 Sqft ∙ Built 1958
LEASED 09/04/19- Rent
- Rent Per SQFT
- $1,200
- $1.13
-
3221 W Clifton St Tampa, FL 2
- 3 beds 1 baths ∙ 1,144 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,144 Sqft ∙ Built 1972
LEASED 11/05/19- Rent
- Rent Per SQFT
- $1,250
- $1.09
-
2619 W Idlewild Ave Tampa, FL 4
- 3 beds 1 baths ∙ 1,126 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,126 Sqft ∙ Built 1953
LEASED 05/20/20- Rent
- Rent Per SQFT
- $1,400
- $1.24
-
2313 W Clifton St Tampa, FL 5
- 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1946
LEASED 01/08/21- Rent
- Rent Per SQFT
- $1,495
- $1.17
PROPERTY LISTING DETAILS
1.813.610.3797
Scott Realty, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3284883
Last Updated: 01/15/2021
