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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $116.91
- 4 Days on Market
- MLS # : T3285453
- Updated Date : 01/23/2021 at 14:26
CONSTRUCTION
- Beds : 5
- Floor Size : 1,668 sqft
- Baths : 2 full
Listing Agent
Future Home Realty Inc
Listing Agent's Description
LARGE 4 Bedroom 2 bathroom BLOCK home featuring a BONUS ROOM with outside access, which can be used as a home office or mother-in-law suite. There is a big covered porch in the back for you to enjoy afternoons and family meals, facing an expansive FENCED backyard. This home has many extras: a double STORAGE SHED that could be used as work or play area; and an ample laundry/ storage room. Located in a quiet neighborhood, this is the perfect house for a large family. Easy access to the interstate, and centrally located. Make this home yours and update to your liking. AC needs to be replaced.
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: East Lake - Orient Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Lake - Orient Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$677 |
| Property Tax | -$240 | |
| Property Insurance | -$133 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$301
|
||
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.
$195,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 12.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$57,425
LOAN DETAILS
$677
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $48,750 |
| Loan Amount | $146,250 |
13.33
YEARS SAVED
$41,040
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,546
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
3430 Danny Bryan Blvd Tampa, FL 3
- 5 beds 2 baths ∙ 1,668 Sqft ∙ Built 1981 5 beds 2 baths ∙ 1,668 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $1,480
- $0.89
-
3509 Danny Bryan Blvd Tampa, FL 1
- 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1981
![property image]()
LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,350
- $0.96
-
3667 Sugarcreek Dr Tampa, FL 2
- 4 beds 2 baths ∙ 1,726 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,726 Sqft ∙ Built 1981
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,450
- $0.84
-
5612 E 29th Ave Tampa, FL 4
- 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1963
![property image]()
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,700
- $0.98
PROPERTY LISTING DETAILS
1.574.329.0132
Future Home Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3285453
Last Updated: 01/23/2021
