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4108 E Wilma St Tampa, FL 33617

4 Beds 2 Baths 1,452 sqft Built 1976

$214,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $148.00
  • 3 Days on Market
  • MLS # : T3280163
  • Updated Date : 12/12/2020 at 16:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,452 sqft
  • Baths : 2 full
Listing Agent

Offerpad Brokerage

Listing Agent's Description

Don't miss this single story pool home in Terrance Park! This home has been refreshed with new interior and exterior paint. The kitchen features updated cabinetry and stainless steel appliances. The primary bedroom has an ensuite bathroom. The backyard boasts a sparkling pool, patio area, and storage shed. No deed restrictions or HOA. Centrally located near to all conveniences, such as shopping mall, hospitals, USF, restaurants, interstate. Walking distance to Busch Gardens and Adventure Island. Vacant and ready for viewing, come see!

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: Terrace Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Terrace 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
Van Buren Middle School Middle Regular 541 46 1
Wharton High School High Regular 2,261 128 4

Van Buren Middle School

  • Education Level: Middle
  • # of students: 541
  • # of teachers: 46
1
GreatSchools Rating

Wharton High School

  • Education Level: High
  • # of students: 2,261
  • # of teachers: 128
4
GreatSchools Rating
 

$193,410$236,390$214,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$793
Property Tax -$259
Property Insurance -$120
Property Management Fees -$129
CASH FLOW
$169

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.

$214,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$36,067

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,470

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3203$1,4454$1,4705$1,550
$1,550
RENT COMPS ANALYSIS
  • 4108 E Wilma St Tampa, FL 4
    • 4 beds 2 baths ∙ 1,452 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,452 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.01
    •  
  • 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
    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
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.99
    •  
  • 4113 E Okara Rd Tampa, FL 3
    • 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1971
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.08
    •  
  • 8301 N 46th St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1958
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
PROPERTY LISTING DETAILS
Rob Jones
1.813.534.6326
Offerpad Brokerage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280163
Last Updated: 12/12/2020
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