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4306 Walis Pl Tampa, FL 33610

3 Beds 2 Baths 1,144 sqft Built 1969

$168,500

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $147.29
  • 3 Days on Market
  • MLS # : T3279041
  • Updated Date : 12/05/2020 at 20:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,144 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Completed Renovated and updated! Move in Ready! New Roof, New AC, New Water Heater, New Kitchen cabinets, New Granite Counter Tops, New Tile Flooring, New Stainless Steel Appliances, New Carpet, New Interior Paint, Laundry Room inside just off of the Kitchen, New Light fixtures through out the home, Owners Retreat has a walk in closet, both bathrooms have all new vanities, toilets, tub/shower and flooring, Fully Fenced In back yard on a Large Lot, Paved Driveway and walk way up to the front door, Side Patio paved. Don't Miss out on this opportunity - come and see it today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: East Lake - Orient Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: East Lake - Orient 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
Kenly Elementary School Primary Regular 528 51 2
Mann Middle School Middle Regular 1,096 68 3
Blake High School High Magnet 1,709 103 4

Kenly Elementary School

  • Education Level: Primary
  • # of students: 528
  • # of teachers: 51
2
GreatSchools Rating

Mann Middle School

  • Education Level: Middle
  • # of students: 1,096
  • # of teachers: 68
3
GreatSchools Rating

Blake High School

  • Education Level: High
  • # of students: 1,709
  • # of teachers: 103
4
GreatSchools Rating
 

$151,650$185,350$168,500

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$622
Property Tax -$207
Property Insurance -$95
Property Management Fees -$129
CASH FLOW
$57

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.

$168,500

PROJECTED PRICE

$1,110

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 12.1%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,403

INVESTMENT

$50,403

Down Payment
$42,125
Rehab Estimate
$5,750
Closing Costs
$2,528

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$622

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,125
Loan Amount $126,375
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$20,024

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,120

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,110
1$1,1102$1,1503$1,1754$1,3505$1,500
$1,500
RENT COMPS ANALYSIS
  • 4306 Walis Pl Tampa, FL 1
    • 3 beds 2 baths ∙ 1,018 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,018 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $1.09
    •  
  • 3814 Argon Dr Tampa, FL 2
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1964
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.05
    •  
  • 3015 Gordon Ct Tampa, FL 3
    • 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1958
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.09
    •  
  • 3704 Meadowbreeze Dr Tampa, FL 4
    • 4 beds 2 baths ∙ 1,196 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,196 Sqft ∙ Built 1979
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.13
    •  
  • 7116 Kingsbury Cir Tampa, FL 5
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1965
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Ann Carlson
1.813.716.5724
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279041
Last Updated: 12/05/2020
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