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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun Bay South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,574
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
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
-
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
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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
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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
1.813.538.8016
Smith & Associates Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3275883
Last Updated: 11/18/2020
