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4419 Cobia Dr Tampa, FL 33617

3 Beds 2 Baths 1,319 sqft Built 1965

$219,900

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $166.72
  • 4 Days on Market
  • MLS # : T3274592
  • Updated Date : 11/05/2020 at 19:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,319 sqft
  • Baths : 2 full
Listing Agent

Intl. Realty Plus-tampa Bay

Listing Agent's Description

Beautiful, spacious, well maintained, remodeled home. Move in ready. This home has been nicely updated including new CHA 2015, new roof 2019, Ceramic tile floors in all living spaces except bedrooms which have carpet. Spacious living and dining rooms which are perfect for entertaining! Large bonus room with windows which is perfect for year round use. This home has so much to offer so make your showing appointment today!

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: 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
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$811
Property Tax -$270
Property Insurance -$112
Property Management Fees -$80
CASH FLOW
$26

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.

$219,900

PROJECTED PRICE

$1,300

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.7%
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$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$20,143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,306

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3753$1,4004$1,5255$1,550
$1,550
RENT COMPS ANALYSIS
  • 4419 Cobia Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 4407 Perch St Tampa, FL 2
    • 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1958
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.93
    •  
  • 7105 Bonito St Tampa, FL 3
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1961
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.08
    •  
  • 3720 E Idlewild Ave Tampa, FL 4
    • 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1965
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.00
    •  
  • 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
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
PROPERTY LISTING DETAILS
Beatriz Botero Wenc
1.412.523.2067
Intl. Realty Plus-tampa Bay
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274592
Last Updated: 11/05/2020
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