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3310 W Dewey St Tampa, FL 33607

3 Beds 2 Baths 1,545 sqft Built 2003

$330,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $213.59
  • 2 Days on Market
  • MLS # : T3290866
  • Updated Date : 02/20/2021 at 14:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,545 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

Impeccable beauty in the center of Tampa. This West Tampa 3BR/2BA block home greets you with a large landscaped and sprinklered front yard. The 2-car attached garage receives and secures your vehicles from the elements. Inside, the great open floor plan flows thru the home with ceramic tile, laminate and upgraded carpeting. The formal dining room, joins to the right as you walk in, connects you to the delicious Corian counter top kitchen with a 4 stool breakfast bar overlooking the spacious living room with French doors that showcase the beautiful covered and screened rear patio/backyard retreat. Walk through to the very desirable split bedroom floor plan where you find the second and third bedrooms and bathroom and then walk to the ample master bedroom with walk-in closet and sliders that also lead to the rear covered porch and patio. The master bath has all the updated features including a recent upgrade to the walk-in separate shower. New toilets. The inside laundry and storage room is an added convenience. The back yard has some grass and mostly brick pavers, an eye-catching water feature, and a Pergola with Spa Hookup for entertain family/friends surrounded by a fenced back yard for privacy. Medium Plastic shed conveys. Roof and A/C is around 2.5 yrs old. Seamless gutters around the whole home. Home is setup for connecting to External generator. New alarm system. There is just too much to mention. Come see this home for yourself. Don’t miss out on this incredible neighborhood and get in while its very affordable. Location is prime as you will be blocks from the Raymond James Stadium, Yankee Stadium, Al Lopez Park, Westshore Mall, International Mall, near Dale Mabry Hwy and I-275, MacFarlane Park, St. Joseph's & Women's Hospital, South Tampa area, International Airport (TIA), Kennedy Blvd., Downtown, Waters District, Hyde Park area, Bayshore Beautiful area. Water feature does not operate and not warrantied. Please adhere to CDC Covid-19 guidelines for showings.

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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: MacFarlane Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: MacFarlane Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7151613

* 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
Tampa Bay Boulevard Elementary School Primary Regular 758 62 2
Madison Middle School Middle Regular 762 52 3
Jefferson High School High Magnet 1,518 97 3

Tampa Bay Boulevard Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 62
2
GreatSchools Rating

Madison Middle School

  • Education Level: Middle
  • # of students: 762
  • # of teachers: 52
3
GreatSchools Rating

Jefferson High School

  • Education Level: High
  • # of students: 1,518
  • # of teachers: 97
3
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,146
Property Tax -$397
Property Insurance -$125
Property Management Fees -$129
CASH FLOW
$42

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.

$330,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 12.2%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$26,097

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,850

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,8404$1,8505$2,250
$2,250
RENT COMPS ANALYSIS
  • 3310 W Dewey St Tampa, FL 3
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.19
    •  
  • 1934 W Chestnut St Tampa, FL 1
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 2007
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.18
    •  
  • 1927 W Chestnut St Tampa, FL 2
    • 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 2007
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
  • 2322 W Chestnut St Tampa, FL 4
    • 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,580 Sqft ∙ Built 2016
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.17
    •  
  • 3023 W Spruce St Tampa, FL 5
    • 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 2018
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.35
    •  
PROPERTY LISTING DETAILS
Juan Castro, Jr
1.813.205.8081
Coldwell Banker Residential
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3290866
Last Updated: 02/20/2021
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