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3220 Deerfield Dr Tampa, FL 33619

3 Beds 1 Baths 1,260 sqft Built 1973

$189,900

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $150.71
  • 6 Days on Market
  • MLS # : T3284609
  • Updated Date : 01/13/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,260 sqft
  • Baths : 1 full
Listing Agent

Star Bay Realty Corp.

Listing Agent's Description

This Tampa one-story offers a tankless water heater and a porch. Upgraded features include a new roof, fresh interior paint, and new carpet in select rooms.

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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: Greater Palm River Point

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $54k238k

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

Neighborhood: Greater Palm River Point

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
Bing Elementary School Primary Regular 603 52 2
Giunta Middle School Middle Regular 951 61 1
Spoto High School High Regular 1,449 88 3

Bing Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 52
2
GreatSchools Rating

Giunta Middle School

  • Education Level: Middle
  • # of students: 951
  • # of teachers: 61
1
GreatSchools Rating

Spoto High School

  • Education Level: High
  • # of students: 1,449
  • # of teachers: 88
3
GreatSchools Rating
 

$170,910$208,890$189,900

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$660
Property Tax -$234
Property Insurance -$109
Property Management Fees -$129
CASH FLOW
$139

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.

$189,900

PROJECTED PRICE

$1,270

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 5.1%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$25,823

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,329

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2703$1,2954$1,3955$1,400
$1,400
RENT COMPS ANALYSIS
  • 3220 Deerfield Dr Tampa, FL 2
    • 3 beds 1 baths ∙ 1,260 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,260 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $1.01
    •  
  • 8105 Ash Ave Tampa, FL 1
    • 4 beds 1 baths ∙ 1,260 Sqft ∙ Built 1960 4 beds 1 baths ∙ 1,260 Sqft ∙ Built 1960
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.99
    •  
  • 3205 Delray Dr Tampa, FL 3
    • 3 beds 1 baths ∙ 1,215 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,215 Sqft ∙ Built 1971
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.07
    •  
  • 1338 Windsor Way Tampa, FL 4
    • 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,328 Sqft ∙ Built 1959
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.05
    •  
  • 2030 Windsor Way Tampa, FL 5
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1959
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.11
    •  
PROPERTY LISTING DETAILS
Francisco Perez
1.786.260.2179
Star Bay Realty Corp.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284609
Last Updated: 01/13/2021
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