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4411 Snapper St Tampa, FL 33617

4 Beds 2 Baths 2,007 sqft Built 1968

INVESTimate

$269,000

List Price

$1,670

$1,503 - $1,837

Rent Est.

$292,511  ( +8.74%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $134.03
  • 2 Days on Market
  • MLS # : T3261283
  • Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,007 sqft
  • Baths : 2 full
Listing Agent

Century 21 List With Beggins

Listing Agent's Description

This Ranch style home has been recently renovated. Brand New Roof June 2020 with wood soffits. Newer HVAC, Plumbing, Water heater, Electrical panel. Kitchen renovation with stainless steel appliances, brand new soft-close cabinets/drawers with hidden hinges, granite countertops. The Renovated baths have glass tile, new toilets, new faucets and vanity, new tub and new shower in master. Great room boosts a wood burning fireplace with sliding doors opening onto your back patio and the large private fence yard. The backyard has a large shed with new roof and electricity. New exterior and interior paint throughout. Garage has new epoxy paint on floor, exterior door, and pulldown ladder to attic for extra storage. New ceiling fans, new smoke detectors, new door fixtures throughout. New cleaning drains outside. This home is conveniently located to USF, Moffitt Cancer Center, Hard Rock, Busch Gardens, Restaurants, Shopping, and Downtown. Schedule your appointment today!!

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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: 40th Street Corridor

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $52k238k

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

Neighborhood: 40th Street Corridor

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
Robles Elementary School Primary Regular 745 65 2
Sligh Middle School Middle Magnet 588 52 2
King High School High Magnet 1,889 106 4

Robles Elementary School

  • Education Level: Primary
  • # of students: 745
  • # of teachers: 65
2
GreatSchools Rating

Sligh Middle School

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 52
2
GreatSchools Rating

King High School

  • Education Level: High
  • # of students: 1,889
  • # of teachers: 106
4
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

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$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$992
Property Tax -$331
Property Insurance -$152
Property Management Fees -$80
CASH FLOW
$115

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.

$269,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.74%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$33,805

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,6703$1,6854$1,750
$1,750
RENT COMPS ANALYSIS
  • 4411 Snapper St Tampa, 2
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.83
    •  
  • 3920 E Clifton St Tampa, 1
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1964
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.87
    •  
  • 6604 Orangewood Ter Tampa, 3
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1958
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.99
    •  
  • 8727 N Temple Ave Tampa, 4
    • 4 beds 3 baths ∙ 1,852 Sqft ∙ Built 1951 4 beds 3 baths ∙ 1,852 Sqft ∙ Built 1951
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
PROPERTY LISTING DETAILS
Patricia Gutierrez
1.813.439.8582
Century 21 List With Beggins
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3261283
Last Updated: 08/26/2020
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