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3615 E Paris St Tampa, FL 33610

4 Beds 2 Baths 1,345 sqft Built 2001

$250,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $185.87
  • 6 Days on Market
  • MLS # : T3274212
  • Updated Date : 11/07/2020 at 20:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,345 sqft
  • Baths : 2 full
Listing Agent

People's Trust Realty Inc

Listing Agent's Description

Must see. This beautifully landscaped, no-mow front yard and well kept 4 bedroom, 2 bathroom home features a large living room/dining room combo with ceramic tile flooring, crown molding, and beautiful lighting. The living room also features gorgeous french doors that lead way to the fully screened patio and wonderfully landscaped, mow-free back yard! The dining are is also ceramic tile flooring and upgraded lighting fixtures too. The galley style kitchen is located toward the front of the home and just before the garage. Updated recently, this kitchen already features ceramic tile flooring, stainless steel appliances, nickel knobs, spacious cabinets and beautiful granite countertops! The large master bedroom features a huge walk-in closet and The master bathroom has ceramic tile flooring, a tub shower combo and vanity topped with granite. The guest bedrooms each with closet, are located down the hall from the guest bath. The guest bath has ceramic tile flooring, vanity with granite counter top and tub/shower combo. There are so many extras! Some to name a few include a ring doorbell and front and rear security cameras. Front landscaping completed in 2020 and the back yard also INCLUDES the table, chairs, day bed and fountain! Freshly painted and beautifully landscaped, this home is truly a must see!

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: Live Oaks Square

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $45k238k

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

Neighborhood: Live Oaks Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
Sheehy Elementary School Primary Regular 422 44 1
Sligh Middle School Middle Magnet 588 52 2
Middleton High School High Magnet 1,448 93 4

Sheehy Elementary School

  • Education Level: Primary
  • # of students: 422
  • # of teachers: 44
1
GreatSchools Rating

Sligh Middle School

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 52
2
GreatSchools Rating

Middleton High School

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

$225,000$275,000$250,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$922
Property Tax -$301
Property Insurance -$114
Property Management Fees -$80
CASH FLOW
-$47

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.

$250,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.0%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$15,390

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,325

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3003$1,3504$1,3705$1,400
$1,400
RENT COMPS ANALYSIS
  • 3615 E Paris St Tampa, FL 4
    • 4 beds 2 baths ∙ 1,345 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,345 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.02
    •  
  • 3606 E Idlewild Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2001
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.00
    •  
  • 6218 Rolling Hammock Pl Tampa, FL 2
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1997
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 3617 E Lambright St Tampa, FL 3
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2007
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
  • 3512 E Mohawk Ave Tampa, FL 5
    • 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2002
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.04
    •  
PROPERTY LISTING DETAILS
Thomas Homan, Sr.
1.352.573.8857
People's Trust Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274212
Last Updated: 11/07/2020
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