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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Interbay
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$87,079
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,725 |
| Loan Amount | $230,175 |
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
-
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
1.813.531.1151
54 Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7831968
Last Updated: 03/21/2021
