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4603 Courtland St 
Tampa, FL
33610
3 Beds 1 Baths 1,040 sqft
Built 1971
INVESTimate
$154,900
List Price
$46,799
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PROPERTY INFO
FACTS
- Built In 1971
- Price/Sqft : $148.94
- 6 Days on Market
- MLS # : T3260684
- Updated Date : 08/24/2020 at 17:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,040 sqft
- Baths : 1 full
Listing Agent
Offerpad Brokerage
Listing Agent's Description
VACANT!! Come see this cute single story home in East Tampa! This home offers a NEW A/C and NEW ROOF, fresh interior paing and new flooring. Open floorplan with lots of natural light throughout. Three bedrooms all with ample closet space. The bathroom has been updated with a new vanity, tub, and tile. Private fenced backyard. Close to I-275, I-4, Ybor City, Busch Gardens, shopping, restaurants, and entertainment. Come check it out!
SEE MORE
- 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: Rainbow Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rainbow Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,060 |
| EXPENSES | Loan Payment | -$572 |
| Property Tax | -$186 | |
| Property Insurance | -$96 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$126
|
||
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.
$154,900
PROJECTED PRICE
$1,060
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 11.04% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$46,799
LOAN DETAILS
$572
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $38,725 |
| Loan Amount | $116,175 |
10.08
YEARS SAVED
$26,019
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,060
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,183
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
4603 Courtland St Tampa, 2
- 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1971
![property image]()
- Rent
- Rent Per SQFT
- $1,060
- $1.02
-
3715 E Mcberry St Tampa, 1
- 3 beds 1 baths ∙ 840 Sqft ∙ Built 1958 3 beds 1 baths ∙ 840 Sqft ∙ Built 1958
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $950
- $1.13
-
3307 Lila St Tampa, 3
- 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1964
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,195
- $1.19
-
3101 E Cayuga St Tampa, 4
- 4 beds 2 baths ∙ 1,189 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,189 Sqft ∙ Built 1951
![property image]()
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,295
- $1.09
-
4602 Courtland St Tampa, 5
- 4 beds 2 baths ∙ 1,140 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,140 Sqft ∙ Built 1957
![property image]()
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,300
- $1.14
PROPERTY LISTING DETAILS
1.813.444.4744
Offerpad Brokerage
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3260684
Last Updated: 08/24/2020
