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4606 George Rd Tampa, FL 33634

3 Beds 3 Baths 1,369 sqft Built 1961

$259,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $189.85
  • 3 Days on Market
  • MLS # : T3287569
  • Updated Date : 01/30/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,369 sqft
  • Baths : 2 full , 1 half
Listing Agent

Baker Real Estate Pro. Gr Llc

Listing Agent's Description

New Roof (2018), Literally 5 Minutes from the Airport!!! The home kitchen features granite countertops, tiled backsplash, stainless steel appliances, and tray ceiling with crown molding. Family has a stone fireplace. Low maintenance tile flooring goes throughout the home. The master bedroom a bathtub. All bathrooms feature custom tile, granite counters and wood vanities, and the master bath has dual sinks. Outside features a screened porch. PVC fence surrounds the backyard and includes a storage shed. This home is conveniently located with proximity to bridges, interstates, and the airport.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Town N County Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $84k238k

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

Neighborhood: Town N County Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7661620

* 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
Dickenson Elementary School Primary Regular 589 47 7
Webb Middle School Middle Regular 875 56 4
Jefferson High School High Magnet 1,518 97 3

Dickenson Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 47
7
GreatSchools Rating

Webb Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 56
4
GreatSchools Rating

Jefferson High School

  • Education Level: High
  • # of students: 1,518
  • # of teachers: 97
3
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$903
Property Tax -$320
Property Insurance -$115
Property Management Fees -$129
CASH FLOW
$153

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.

$259,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$33,823

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,520

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3953$1,4504$1,4505$1,620
$1,620
RENT COMPS ANALYSIS
  • 4606 George Rd Tampa, FL 5
    • 3 beds 3 baths ∙ 1,369 Sqft ∙ Built 1961 3 beds 3 baths ∙ 1,369 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.18
    •  
  • 4721 Crest Hill Dr Tampa, FL 1
    • 3 beds 1 baths ∙ 1,191 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,191 Sqft ∙ Built 1959
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.09
    •  
  • 7506 Swindon Rd Tampa, FL 2
    • 3 beds 2 baths ∙ 1,249 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,249 Sqft ∙ Built 1960
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.12
    •  
  • 4623 Byerle Cir Tampa, FL 3
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1962
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
  • 4918 Crest Hill Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1960
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.16
    •  
PROPERTY LISTING DETAILS
Jerome Baker
1.813.205.4975
Baker Real Estate Pro. Gr Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287569
Last Updated: 01/30/2021
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