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4613 W Paxton Ave Tampa, FL 33611

3 Beds 2 Baths 1,248 sqft Built 1969

$289,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $232.29
  • 6 Days on Market
  • MLS # : T3275883
  • Updated Date : 11/18/2020 at 14:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,248 sqft
  • Baths : 2 full
Listing Agent

Smith & Associates Real Estate

Listing Agent's Description

You will not want to miss this charming, newly renovated home located in highly sought-after South of Gandy. Contemporary styling and the open concept floor plan offer all the convenience of modern living. New luxury vinyl flooring and a fresh coat of paint carry the crisp modern style throughout the home. Upon entry the open living space flows effortlessly to the beautifully renovated kitchen which features new quartz countertops, white shaker cabinets, and new stainless-steel appliances. Newly renovated bathrooms feature the same white cabinetry, new tile and fixtures. The large fenced in backyard is perfect for entertaining with plenty of room to add a pool. Conveniently located near shopping, restaurants, and entertainment. Exciting Downtown Tampa, MacDill Airforce Base, Tampa’s International Airport, and the area’s world renowned white sand beaches are just a short drive away.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Sun Bay South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $72k238k

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

Neighborhood: Sun Bay South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7761613

* 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
Anderson Elementary School Primary Regular 363 33 4
Madison Middle School Middle Regular 762 52 3
Robinson High School High Magnet 1,542 91 6

Anderson Elementary School

  • Education Level: Primary
  • # of students: 363
  • # of teachers: 33
4
GreatSchools Rating

Madison Middle School

  • Education Level: Middle
  • # of students: 762
  • # of teachers: 52
3
GreatSchools Rating

Robinson High School

  • Education Level: High
  • # of students: 1,542
  • # of teachers: 91
6
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,070
Property Tax -$349
Property Insurance -$108
Property Management Fees -$80
CASH FLOW
$83

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.

$289,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 9.0%
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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$34,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $1,663

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,6904$1,7005$2,050
$2,050
RENT COMPS ANALYSIS
  • 4613 W Paxton Ave Tampa, FL 3
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.35
    •  
  • 4730 W Oklahoma Ave Tampa, FL 1
    • 3 beds 1 baths ∙ 1,138 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,138 Sqft ∙ Built 1955
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.23
    •  
  • 4430 W Oklahoma Ave Tampa, FL 2
    • 3 beds 1 baths ∙ 1,177 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,177 Sqft ∙ Built 1955
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.23
    •  
  • 4424 W Leila Ave Tampa, FL 4
    • 3 beds 1 baths ∙ 1,211 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,211 Sqft ∙ Built 1955
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.40
    •  
  • 4528 S Cooper Pl Tampa, FL 5
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1955
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.47
    •  
PROPERTY LISTING DETAILS
Jennifer Fuddy
1.813.538.8016
Smith & Associates Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275883
Last Updated: 11/18/2020
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