Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3411 N 49th St Tampa, FL 33605

4 Beds 2 Baths 1,928 sqft Built 1962

$270,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $140.04
  • 7 Days on Market
  • MLS # : T3282929
  • Updated Date : 01/05/2021 at 18:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,928 sqft
  • Baths : 2 full
Listing Agent

Smart Homes Realty

Listing Agent's Description

Fully renovated house for sale. Huge 4 bedrooms and 2 bathrooms with beautiful flooring. Updated bathrooms, master bath with double sink. kitchen with quartz countertops. Stainless steel appliances. New roof, new A/C, updated electrical. Huge backyard and very close to I-4 and other mayor roads. Property has two other rooms for an office space, tv room or bedrooms. Camera system stays with property

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: Highland Pines

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $41k238k

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

Neighborhood: Highland Pines

NeighborhoodNIR Market*CityMarket2010Year20002019 Q26007008009001000110012001300140015001600Rent in $5931613

* 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
Oak Park Elementary School Primary Regular 602 55 1
Greco Middle School Middle Regular 862 57 1
Blake High School High Magnet 1,709 103 4

Oak Park Elementary School

  • Education Level: Primary
  • # of students: 602
  • # of teachers: 55
1
GreatSchools Rating

Greco Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 57
1
GreatSchools Rating

Blake High School

  • Education Level: High
  • # of students: 1,709
  • # of teachers: 103
4
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$938
Property Tax -$325
Property Insurance -$148
Property Management Fees -$129
CASH FLOW
$61

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.

$270,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 10.4%
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$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$23,485

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,665

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5953$1,6004$1,795
$1,795
RENT COMPS ANALYSIS
  • 3411 N 49th St Tampa, FL 3
    • 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 3920 E Clifton St Tampa, FL 1
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1964
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.87
    •  
  • 3207 N 45th St Tampa, FL 2
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1961
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 5603 E 29th Ave Tampa, FL 4
    • 5 beds 2 baths ∙ 2,040 Sqft ∙ Built 1963 5 beds 2 baths ∙ 2,040 Sqft ∙ Built 1963
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
PROPERTY LISTING DETAILS
Alejandro Gallego
1.813.476.8727
Smart Homes Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282929
Last Updated: 01/05/2021
BESbswy