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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $138.49
- 4 Days on Market
- MLS # : T3281918
- Updated Date : 12/26/2020 at 12:17
CONSTRUCTION
- Beds : 4
- Floor Size : 1,408 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Residential
Listing Agent's Description
Incredible opportunity to buy this renovated bungalow in Oak at Riverview. Corner lot, so only two neighbors. Spacious home with on suite bathroom in master and breakfast bar in kitchen. Newer kitchen cabinets. This home is covered in large ceramic tile in wet areas and newer carpet in the bedrooms. Very tall ceilings and ceiling fans through out. Huge front porch with some landscaping. Large parking pad on the right side of the home. Huge sidewalks through out the neighborhood. Built in 2007, this home is in great shape and could be a great investment home as well. Tenant occupied at the moment. Buy this one and make it your home.
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: Old Seminole Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Old Seminole Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$719 |
| Property Tax | -$235 | |
| Property Insurance | -$117 | |
| HOA | -$82 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$357
|
||
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.
$195,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.84%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 13.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| 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
$57,425
LOAN DETAILS
$719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $48,750 |
| Loan Amount | $146,250 |
14.42
YEARS SAVED
$52,896
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$1,651
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
319 E Patterson St Tampa, FL 3
- 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $1,640
- $1.16
-
8416 N Otis Ave Tampa, FL 1
- 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1989
![property image]()
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,375
- $1.12
-
202 E Clinton St Tampa, FL 2
- 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2001
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,550
- $1.15
-
307 E Broad St Tampa, FL 4
- 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 2007
![property image]()
LEASED 08/28/19- Rent
- Rent Per SQFT
- $1,700
- $1.21
-
311 E Broad St Tampa, FL 5
- 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 2007
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,700
- $1.21
PROPERTY LISTING DETAILS
1.813.205.8081
Coldwell Banker Residential
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3281918
Last Updated: 12/26/2020
