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3517 N 10th St Tampa, FL 33605

4 Beds 2 Baths 1,749 sqft Built 1983

$234,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $134.31
  • 3 Days on Market
  • MLS # : T3273039
  • Updated Date : 12/04/2020 at 15:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,749 sqft
  • Baths : 2 full
Listing Agent

Offerpad Brokerage

Listing Agent's Description

VACANT and easy to show live or through our 3D tour! Don’t miss this CUTE 4 bedroom 2 bathroom home with a carport. New Ext and Int Paint. Upgraded fully throughout. Upon entry you will find a spacious living room. Open Floor Plan. Kitchen is equipped with new cabinetry, granite countertops, and stainless appliances. The fourth bedroom at the back of the home could also be another living space, playroom, game room, exercise room, office, etc.. Huge fenced backyard. Make this home yours! Located centrally in Tampa within a thriving area. Minutes to I-275, I-4, Ybor City, Downtown, Channelside, International Mall, Tampa International Airport, Raymond James Stadium, Restaurants and more..

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Ybor Heights

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $45k238k

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

Neighborhood: Ybor Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6811613

* 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
Potter Elementary School Primary Regular 636 63 2
Mclane Middle School Middle Regular 756 61 2
Middleton High School High Magnet 1,448 93 4

Potter Elementary School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 63
2
GreatSchools Rating

Mclane Middle School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 61
2
GreatSchools Rating

Middleton High School

  • Education Level: High
  • # of students: 1,448
  • # of teachers: 93
4
GreatSchools Rating
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$867
Property Tax -$283
Property Insurance -$137
Property Management Fees -$129
CASH FLOW
$194

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.

$234,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 5.3%
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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$40,259

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,692

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,4003$1,6104$1,6955$1,795
$1,795
RENT COMPS ANALYSIS
  • 3517 N 10th St Tampa, FL 3
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.92
    •  
  • 920 E Dr Martin Luther King Jr Blvd Tampa, FL 1
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1985
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.89
    •  
  • 4601 N 12th St Tampa, FL 2
    • 3 beds 1 baths ∙ 1,482 Sqft ∙ Built 1997 3 beds 1 baths ∙ 1,482 Sqft ∙ Built 1997
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
  • 1612 E 33rd Ave Tampa, FL 4
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1963
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
  • 502 E Amelia Ave Tampa, FL 5
    • 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 1996
    property image
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.16
    •  
PROPERTY LISTING DETAILS
Rob Jones
1.813.534.6326
Offerpad Brokerage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273039
Last Updated: 12/04/2020
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