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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $161.88
- 8 Days on Market
- MLS # : T3285097
- Updated Date : 01/22/2021 at 15:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,204 sqft
- Baths : 1 full , 1 half
Listing Agent
Charles Rutenberg Realty Inc
Listing Agent's Description
Massive corner fenced lot concrete, block construction, The same style of cool ceramic Floridian floor tiles Through out the home No HOA or Cdd! Equity Alert. The ROBLES PARK RE-DEVELOPMENT has been approved. This is your exclusive opportunity to purchase a 1996 block home in advance of home price increases post-development. Location is the key. Imagine walking or biking to your favorite Seminole Heights hot spots. You are only a few blocks away from Heights Meat Market, Thee Burger Spot, Brew Bus Brewing, The Blind Tiger Cafe, and many other Seminole Heights favorites. This 3 bedroom, 1.5bath home, is located within minutes of downtown Tampa. This is a unique opportunity to be close to everything and purchase under $250k. FOR INFO ON ROBLES PARK PROJECT: https://newroblespark.comstone a stones throw away from Seminole and Tampa Heights has to offer! Mins to Downtown Tampa, Armature Works and I-275! trendy design and functionality in mind! As you enter the home you will fell the openness and airy of this home is. Open concept floor plan!. Nice fully fenced backyard! Schedule your showing now! Enjoy living in the newer home in the center of it all! Close proximity to various popular local restaurants, brew pubs and coffee shops. Quick access to major highways, making your trip to award winning gulf beaches and world famous amusement parks a breeze. All rooms sizes are approximate, agent/buyer to verify
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Tampa Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tampa Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,260 |
| EXPENSES | Loan Payment | -$677 |
| Property Tax | -$235 | |
| Property Insurance | -$106 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$114
|
||
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.
$194,900
PROJECTED PRICE
$1,260
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 10.5% |
| 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
$57,399
LOAN DETAILS
$677
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $48,725 |
| Loan Amount | $146,175 |
9.17
YEARS SAVED
$23,966
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,260
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,327
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
311 E Selma Ave Tampa, FL 1
- 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $1,260
- $1.05
-
1310 E Palifox St Tampa, FL 2
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2000
![property image]()
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,300
- $1.08
-
3210 N 16th St Tampa, FL 3
- 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,380 Sqft ∙ Built 2006
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,450
- $1.05
-
3804 N Tampa St Tampa, FL 4
- 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 1999
![property image]()
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,500
- $1.12
-
502 E Amelia Ave Tampa, FL 5
- 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 1996
![property image]()
LEASED 11/29/19- Rent
- Rent Per SQFT
- $1,795
- $1.16
PROPERTY LISTING DETAILS
1.813.294.5825
Charles Rutenberg Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3285097
Last Updated: 01/22/2021
