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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $160.64
- 4 Days on Market
- MLS # : T3276067
- Updated Date : 12/10/2020 at 12:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,400 sqft
- Baths : 1 full
Listing Agent
Charles Rutenberg Realty Inc
Listing Agent's Description
Completely remodeled home ready for it's new family. This home has been updated from top to bottom...literally. The roof, HVAC, flooring, kitchen and bath cabinets, backsplash, ceiling fans, interior doors, etc. are all brand new! When you walk into this home you will notice the attention to detail. The ceramic backsplash finishes off the kitchen look. There is plenty of room in this kitchen for a casual dining area. The entry room is perfect for a formal living room or sitting area. The Great room has ample space for the entire family to hang out, and still have room for maybe a desk or work out area. The 3 bedrooms are adequate size and the master bedroom has plenty space for privacy. The bathroom has a new vanity, mirror , and lights really make it POP! The huge backyard is a perfect place to grill out and entertain. Now that families are staying home more....what a great area for the kiddos. The newer windows are single hung and easy to clean. NO HOA!!!! This home won't last long... Close to Busch Gardens, within minutes to USF, close to shopping centers ....so schedule your appointment today. Call us now
SEE MORE
- #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: Terrace Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Terrace Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,350 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$271 | |
| Property Insurance | -$117 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$3
|
||
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.
$224,900
PROJECTED PRICE
$1,350
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 10.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| 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
$65,349
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,225 |
| Loan Amount | $168,675 |
6.33
YEARS SAVED
$18,893
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,350
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,428
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
4104 E 97th Ave Tampa, FL 3
- 3 beds 1 baths ∙ 1,400 Sqft ∙ Built 1970 3 beds 1 baths ∙ 1,400 Sqft ∙ Built 1970
![property image]()
- Rent
- Rent Per SQFT
- $1,350
- $0.96
-
10225 N Ojus Dr Tampa, FL 1
- 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1980
![property image]()
LEASED 08/22/19- Rent
- Rent Per SQFT
- $1,200
- $1.03
-
8607 N Orangeview Ave Tampa, FL 2
- 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973
![property image]()
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,320
- $0.99
-
4113 E Okara Rd Tampa, FL 4
- 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1971
![property image]()
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,445
- $1.08
-
9301 N 27th St Tampa, FL 5
- 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1981
![property image]()
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,650
- $0.98
PROPERTY LISTING DETAILS
1.813.270.6371
Charles Rutenberg Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3276067
Last Updated: 12/10/2020
