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3210 W Sitka St Tampa, FL 33614

3 Beds 2 Baths 1,281 sqft Built 1970

$245,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $191.26
  • 2 Days on Market
  • MLS # : T3278130
  • Updated Date : 11/29/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,281 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Welcome to this lovely 3 bedroom 2 bath home with attached garage. NO HOA or CDD. NO CARPET. Neat clean and freshly painted, NEW AC and DUCTWORK, NEWER WATER HEATER, NEW PVC piping out to main, NEWER BLOWN-IN INSULATION. At first sight you are greeted with an invitingly relaxing covered front porch. Walking into the home you enter a large living area that opens into the formal dining. Past the dining area you will notice a ONE OF A KIND indoor garden space. Enter the UPDATED kitchen and be amazed at the HUGE eating area. The closet pantry and some cabinets have pull outs for convenient access to stored items. All bedrooms are good sized and the master features a walk-in closet. The home has lots of natural light throughout. Sliding glass doors lead out onto the covered lanai that overlooks the large partially fenced in lot which includes 2 outdoor sheds for extra storage. Home is centrally located to everything that Tampa has to offer. Add this to the top of your must see list!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Egypt Lake - Leto

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Egypt Lake - Leto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
Crestwood Elementary School Primary Regular 901 67 3
Memorial Middle School Middle Regular 654 50 2
Chamberlain High School High Regular 1,772 98 4

Crestwood Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 67
3
GreatSchools Rating

Memorial Middle School

  • Education Level: Middle
  • # of students: 654
  • # of teachers: 50
2
GreatSchools Rating

Chamberlain High School

  • Education Level: High
  • # of students: 1,772
  • # of teachers: 98
4
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$904
Property Tax -$301
Property Insurance -$110
Property Management Fees -$80
CASH FLOW
$25

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.

$245,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$22,146

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,412

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4003$1,4204$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 3210 W Sitka St Tampa, FL 3
    • 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.11
    •  
  • 2112 W Norfolk St Tampa, FL 1
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1955
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.06
    •  
  • 7513 N Cortez Ave Tampa, FL 2
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1970 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1970
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.17
    •  
  • 7809 N Woodlynne Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1963
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 2303 W Flora St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1955
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.15
    •  
PROPERTY LISTING DETAILS
Judy Hruszczyk
1.813.486.2194
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278130
Last Updated: 11/29/2020
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