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3922 W Robson St Tampa, FL 33614

3 Beds 2 Baths 1,407 sqft Built 1987

$250,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $177.68
  • 2 Days on Market
  • MLS # : T3296586
  • Updated Date : 03/20/2021 at 14:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,407 sqft
  • Baths : 2 full
Listing Agent

Florida's 1st Choice Rlty Llc

Listing Agent's Description

NO HOA. NO CDD. FHA & VA Eligible. Price, location and charm. WOW! 3 bedrooms, 2 bath with fenced backyard and oversized patio to enjoy family fun and space to reconnect with Tampa's 246 days of sunshine and near perfect weather year round. Recently updated roof, A/C, hot water heater and freshly painted interior and exterior. Beautiful kitchen with custom backsplash, LED recessed lighting and breakfast bar. For your piece of mind the seller is offering a home warranty. This home is move-in ready and will go quick. Conveniently located near all the fabulous dining and shopping options of Tampa. Only minutes from I-275, Veterans Expressway, Tampa International Airport, Raymond James stadium, ZooTampa of Lowry Park, Mac Dill Air Force Base, Tampa General Hospital and an assortment of world class beaches and Disney World. Check out the 3-D walk-through.

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: Pinecrest West Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Pinecrest West Park

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
Crestwood Elementary School Primary Regular 901 67 3
Pierce Middle School Middle Regular 977 66 3
Leto High School High Magnet 1,971 108 4

Crestwood Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 67
3
GreatSchools Rating

Pierce Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 66
3
GreatSchools Rating

Leto High School

  • Education Level: High
  • # of students: 1,971
  • # of teachers: 108
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$868
Property Tax -$307
Property Insurance -$117
Property Management Fees -$129
CASH FLOW
$18

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

$1,440

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
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

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.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$18,341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,463

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4403$1,4954$1,5005$1,800
$1,800
RENT COMPS ANALYSIS
  • 3922 W Robson St Tampa, FL 2
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.02
    •  
  • 3221 W Clifton St Tampa, FL 1
    • 3 beds 1 baths ∙ 1,144 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,144 Sqft ∙ Built 1972
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.09
    •  
  • 7001 N Lois Ave Tampa, FL 3
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1984
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.08
    •  
  • 6814 N Sterling Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2002
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 3019 W Sitka St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1980
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
PROPERTY LISTING DETAILS
Gustavo Torres
1.813.441.2616
Florida's 1st Choice Rlty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296586
Last Updated: 03/20/2021
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