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3643 W Anderson Ave Tampa, FL 33611

3 Beds 2 Baths 1,120 sqft Built 1981

$306,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $274.02
  • 1 Days on Market
  • MLS # : W7831968
  • Updated Date : 03/21/2021 at 01:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,120 sqft
  • Baths : 1 full , 1 half
Listing Agent

54 Realty Llc

Listing Agent's Description

Charming 3 bedroom, 1.5 bath home in Tampa. This home has a formal living and dining room. The kitchen boasts ample cabinet and counter space. The primary bedroom has an en suite half bath. Outside you have a covered front porch with swing, and large fenced yard. Located in South Tampa, this home is convenient to shopping and dining, as well as access to I275 for an easy commute to surrounding areas.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • One of the best cost-friendly American cities to do business (KPMG)

PRICE & RENT TRENDS

Neighborhood: Interbay

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $69k238k

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

Neighborhood: Interbay

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8141673

* 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
Chiaramonte Elementary School Primary Regular 395 33 4
Madison Middle School Middle Regular 762 52 3
Robinson High School High Magnet 1,542 91 6

Chiaramonte Elementary School

  • Education Level: Primary
  • # of students: 395
  • # of teachers: 33
4
GreatSchools Rating

Madison Middle School

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

Robinson High School

  • Education Level: High
  • # of students: 1,542
  • # of teachers: 91
6
GreatSchools Rating
 

$276,210$337,590$306,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,066
Property Tax -$369
Property Insurance -$101
Property Management Fees -$129
CASH FLOW
-$45

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.

$306,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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$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$87,079

INVESTMENT

$87,079

Down Payment
$76,725
Rehab Estimate
$5,750
Closing Costs
$4,604

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,725
Loan Amount $230,175
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$18,227

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $1,624

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,6204$1,7005$1,780
$1,780
RENT COMPS ANALYSIS
  • 3643 W Anderson Ave Tampa, FL 3
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.45
    •  
  • 3628 W Anderson Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1981
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.34
    •  
  • 3810 W Iowa Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1971
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.47
    •  
  • 6510 S Englewood Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1981
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.52
    •  
  • 6814 S Gabrielle St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1987
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.47
    •  
PROPERTY LISTING DETAILS
Annie O'sullivan
1.813.531.1151
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7831968
Last Updated: 03/21/2021
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