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3305 Oakley Ave S St Petersburg, FL 33712

3 Beds 2 Baths 1,152 sqft Built 1960

$154,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $133.68
  • 7 Days on Market
  • MLS # : U8109035
  • Updated Date : 01/13/2021 at 10:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,152 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

Attention Home Buyers, Opportunity knocks with this unique opportunity to protect your investment in these turbulent times. 2/1 Upstairs with brand new vinyl flooring and interior paint. Opportunities are endless with the space downstairs for a home office, man cave, she shed, fitness or yoga studio. Downstairs space also includes full bathroom and laundry hook-ups. Close to bus lines, 34th St, and interstate. Come see this unicorn today before its too late.

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: Thirty-First Street

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $45k238k

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

Neighborhood: Thirty-First Street

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5421590

* 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
Fairmount Park Elementary School Primary Regular 650 59 1
John Hopkins Middle School Middle Magnet 823 63 2
Gibbs High School High Magnet 1,348 85 3

Fairmount Park Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 59
1
GreatSchools Rating

John Hopkins Middle School

  • Education Level: Middle
  • # of students: 823
  • # of teachers: 63
2
GreatSchools Rating

Gibbs High School

  • Education Level: High
  • # of students: 1,348
  • # of teachers: 85
3
GreatSchools Rating
 

$138,600$169,400$154,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$535
Property Tax -$196
Property Insurance -$103
Property Management Fees -$129
CASH FLOW
$227

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.

$154,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 7.4%
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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,560

INVESTMENT

$46,560

Down Payment
$38,500
Rehab Estimate
$5,750
Closing Costs
$2,310

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$535

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $38,500
Loan Amount $115,500
See What Happens When You Reinvest Cash Flow

12.92

YEARS SAVED

$31,294

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,187

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,1903$1,2504$1,3955$1,495
$1,495
RENT COMPS ANALYSIS
  • 3305 Oakley Ave S St Petersburg, FL 2
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.03
    •  
  • 3745 16th Ave S St Petersburg, FL 1
    • 3 beds 1 baths ∙ 1,106 Sqft ∙ Built 1945 3 beds 1 baths ∙ 1,106 Sqft ∙ Built 1945
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.99
    •  
  • 3467 5th Ave N St Petersburg, FL 3
    • 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1948
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.06
    •  
  • 2733 2nd Ave S St Petersburg, FL 4
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1949
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.05
    •  
  • 5211 Jersey Ave S Gulfport, FL 5
    • 4 beds 2 baths ∙ 1,461 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,461 Sqft ∙ Built 1956
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.02
    •  
PROPERTY LISTING DETAILS
Adam Greenfield
1.813.298.9234
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109035
Last Updated: 01/13/2021
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