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4208 W W. Nassau Street St Tampa, FL 33607

4 Beds 1 Baths 1,220 sqft Built 1964

$256,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $209.84
  • 2 Days on Market
  • MLS # : T3284086
  • Updated Date : 01/10/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,220 sqft
  • Baths : 1 full
Listing Agent

Century 21 Elite Locations, Inc

Listing Agent's Description

Solid built concrete home in the heart of Tampa. Open the front door into a light and bright living room area. The kitchen has all newer appliances, charming built-in shelving and ample cabinet and counter space. The home features four bedrooms and a large bonus room. The inside laundry room offers space for your washer and dryer and additional space for storage. The large backyard is a great space to entertain family and friends outdoors in the beautiful Florida weather. There are no HOA fees. The major components of the home…the roof, air conditioner, electric and plumbing have all been updated. The home is located nearby to the Tampa International Mall, Tampa Bay Buccaneer Stadium, the new Midtown Tampa, Yankees Spring Training Camp, Tampa International Airport and other local shopping and restaurants. It is also nearby to I-275 for easy commutes to both downtown Tampa and Saint Petersburg. Don’t miss your opportunity to buy in this up-and-coming neighborhood.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Carver City - Lincoln Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $62k238k

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

Neighborhood: Carver City - Lincoln Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7291613

* 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
Tampa Bay Boulevard Elementary School Primary Regular 758 62 2
Pierce Middle School Middle Regular 977 66 3
Jefferson High School High Magnet 1,518 97 3

Tampa Bay Boulevard Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 62
2
GreatSchools Rating

Pierce Middle School

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

Jefferson High School

  • Education Level: High
  • # of students: 1,518
  • # of teachers: 97
3
GreatSchools Rating
 

$230,400$281,600$256,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$889
Property Tax -$308
Property Insurance -$107
Property Management Fees -$129
CASH FLOW
$247

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.

$256,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 12.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,590

INVESTMENT

$73,590

Down Payment
$64,000
Rehab Estimate
$5,750
Closing Costs
$3,840

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$889

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,000
Loan Amount $192,000
See What Happens When You Reinvest Cash Flow

11.33

YEARS SAVED

$43,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $1,735

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6804$1,7005$1,850
$1,850
RENT COMPS ANALYSIS
  • 4208 W W. Nassau Street St Tampa, FL 3
    • 4 beds 1 baths ∙ 1,220 Sqft ∙ Built 1964 4 beds 1 baths ∙ 1,220 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.38
    •  
  • 3318 W Cass St Tampa, FL 1
    • 3 beds 2 baths ∙ 1,070 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,070 Sqft ∙ Built 1963
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.49
    •  
  • 4204 W Arch St Tampa, FL 2
    • 3 beds 1 baths ∙ 1,300 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,300 Sqft ∙ Built 1971
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.23
    •  
  • 4223 W Nassau St Tampa, FL 4
    • 3 beds 1 baths ∙ 1,096 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,096 Sqft ∙ Built 1961
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.55
    •  
  • 4107 W Grace St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1964
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.42
    •  
PROPERTY LISTING DETAILS
Coleen Garner
1.813.340.7069
Century 21 Elite Locations, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284086
Last Updated: 01/10/2021
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