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4226 E Chelsea St Tampa, FL 33610

3 Beds 2 Baths 1,512 sqft Built 1971

$220,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $145.50
  • 4 Days on Market
  • MLS # : T3295227
  • Updated Date : 03/12/2021 at 21:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,512 sqft
  • Baths : 2 full
Listing Agent

Bay Choice Realty

Listing Agent's Description

Tastefully Remodeled Move-In Ready Home. This beautiful home features 3 bedroom, 2 bathroom, carport, laundry room, and fenced-in back yard. This beautiful property has many new updates including brand new roof 08/2020, New AC 2021, New windows with hurricane shutters (panels), New Doors, new kitchen cabinets, new granite countertops, and stainless steel appliances set. Home has vinyl floors throughout, freshly painted interior and exterior. The home is conveniently located, nearby shopping, dining, and schools. Contact us today to schedule your showing.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Eastern Heights

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $43k238k

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

Neighborhood: Eastern Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6911613

* 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
James Elementary School Primary Regular 687 62 1
Jennings Middle School Middle Regular 770 58 2
Armwood High School High Regular 1,809 104 3

James Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 62
1
GreatSchools Rating

Jennings Middle School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 58
2
GreatSchools Rating

Armwood High School

  • Education Level: High
  • # of students: 1,809
  • # of teachers: 104
3
GreatSchools Rating
 

$198,000$242,000$220,000

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 -$764
Property Tax -$265
Property Insurance -$124
Property Management Fees -$129
CASH FLOW
$159

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.

$220,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.0%
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

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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$29,802

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
  • $0.95

    LIST RENT PER SQFT
  • $1,591

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2503$1,3004$1,4405$1,595
$1,595
RENT COMPS ANALYSIS
  • 4226 E Chelsea St Tampa, FL 4
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.95
    •  
  • 4005 Deleuil Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1955
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.06
    •  
  • 3210 E Louisiana Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1971
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
  • 4414 Booker T Dr Tampa, FL 3
    • 4 beds 2 baths ∙ 1,290 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,290 Sqft ∙ Built 1959
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.01
    •  
  • 3603 E Mcberry St Tampa, FL 5
    • 4 beds 2 baths ∙ 1,440 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,440 Sqft ∙ Built 1951
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.11
    •  
PROPERTY LISTING DETAILS
Daro Kurdson
1.813.998.4224
Bay Choice Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295227
Last Updated: 03/12/2021
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