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3219 Saddlebrook Ave Tampa, FL 33618

4 Beds 2 Baths 1,749 sqft Built 1978

$314,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $180.05
  • 4 Days on Market
  • MLS # : T3288613
  • Updated Date : 02/05/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,749 sqft
  • Baths : 2 full
Listing Agent

Century 21 Rosa Leon

Listing Agent's Description

BEAUTIFUL PROPERTY AND GREAT LOCATION!!! This home is for a great spacing family, has 4 Beds, 2 Bath, Pool. NO HOA, NO CDD. MOVE-IN ready, won’t last long on the market! Excellent and convenient location! Nearby bus stop, close to shopping mall, hospital, schools, restaurants, parks, easy interstate access to downtown, airport, beaches, and many other amenities. Call today for an appointment! Won’t last long.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Northlakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $81k238k

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

Neighborhood: Northlakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781613

* 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
Maniscalco Elementary School Primary Regular 524 45 7
Buchanan Middle School Middle Regular 743 53 3
Gaither High School High Regular 2,090 117 5

Maniscalco Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 45
7
GreatSchools Rating

Buchanan Middle School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 53
3
GreatSchools Rating

Gaither High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 117
5
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,094
Property Tax -$387
Property Insurance -$137
Property Management Fees -$129
CASH FLOW
-$57

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.

$314,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$17,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,653

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,5004$1,6505$1,690
$1,690
RENT COMPS ANALYSIS
  • 3219 Saddlebrook Ave Tampa, FL 5
    • 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.97
    •  
  • 16106 Sagebrush Rd Tampa, FL 1
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1978
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.99
    •  
  • 16002 Saddle Creek Dr Tampa, FL 2
    • 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 1981
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.89
    •  
  • 3310 Russett Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1980
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 15730 Gardenside Ln Tampa, FL 4
    • 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1980
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jesica Martinez
1.813.340.5803
Century 21 Rosa Leon
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288613
Last Updated: 02/05/2021
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