Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4015 Ohio Ave Tampa, FL 33616

4 Beds 2 Baths 2,148 sqft Built 2014

$499,900

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $232.73
  • 17 Days on Market
  • MLS # : T3275414
  • Updated Date : 11/27/2020 at 21:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,148 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

*PRICE JUST IMPROVED - BEST VALUE SOUTH OF GANDY!* This beautifully designed newer construction (2014) home showcases high-end finishes that blends both FUNCTIONAL STYLE and COMFORT throughout. No details have been spared creating a truly thoughtful and exceptional living environment. Featuring 2,127 square feet of living space, 4 bedrooms, 2 bathrooms, 2 car garage, + BONUS ROOM, + a new STORAGE SHED! Arrive to your extra wide PAVER DRIVEWAY with STONE ACCENT features on a oversized lot! Enter the breathtaking double doors into the SPACIOUS FOYER that gives you a warm welcome with MODERN HIGH END TILE flooring that sprawls through the space. The OPEN FLOOR PLAN flows from the family room into the CHEF'S KITCHEN with BREAKFAST BAR, GRANITE COUNTERS, HIGH END CABINETRY, STAINLESS STEEL appliances, FARM SINK, tile BACKSPLASH, & large pantry. The dining room is conveniently located off the kitchen making this home perfect for someone who likes to entertain friends and family! A true master suite offers beautiful windows with an abundance of natural light, double doors to the patio, modern ceiling fan, & enough room for any sized furniture. Master bath features DOUBLE SINKS w/GRANITE tops, huge SHOWER with seamless glass, and a large WALK IN CLOSET. All the bedrooms provide plenty of room with ample closet space. The bonus room is in the rear of the home providing flexibility for any lifestyle. An amazing outdoor covered space provides year-round relaxation and enjoyment for the perfect open-air escape. Other features include: interior laundry room, ceiling fans, hurricane shutters, 8 ft doors, recessed lighting, fresh exterior paint, tall ceilings, attic space, and so much more! All while offering a spectacular a SOUTH TAMPA location close to everything! See for yourself why this home checks all the boxes!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sun Bay South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $72k238k

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

Neighborhood: Sun Bay South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7761613

* 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
Lanier Elementary School Primary Regular 394 37 5
Monroe Middle School Middle Regular 509 44 3
Robinson High School High Magnet 1,542 91 6

Lanier Elementary School

  • Education Level: Primary
  • # of students: 394
  • # of teachers: 37
5
GreatSchools Rating

Monroe Middle School

  • Education Level: Middle
  • # of students: 509
  • # of teachers: 44
3
GreatSchools Rating

Robinson High School

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

$449,910$549,890$499,900

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$1,844
Property Tax -$602
Property Insurance -$160
Property Management Fees -$80
CASH FLOW
-$117

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.

$499,900

PROJECTED PRICE

$2,570

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 9.0%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$31,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,642

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5703$2,6004$2,6005$2,850
$2,850
RENT COMPS ANALYSIS
  • 4015 Ohio Ave Tampa, FL 2
    • 4 beds 2 baths ∙ 2,148 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,148 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $1.20
    •  
  • 6817 S Sparkman St Tampa, FL 1
    • 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 2013
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 6806 S Elemeta St Tampa, FL 3
    • 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 2004
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.29
    •  
  • 6223 Interbay Ave Tampa, FL 4
    • 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 2004
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.30
    •  
  • 5158 S Renellie Dr Tampa, FL 5
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2016
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.16
    •  
PROPERTY LISTING DETAILS
John Larocca
1.813.990.7488
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275414
Last Updated: 11/27/2020
BESbswy