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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $164.97
- 3 Days on Market
- MLS # : W7829704
- Updated Date : 01/09/2021 at 12:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,430 sqft
- Baths : 2 full
Listing Agent
54 Realty Llc
Listing Agent's Description
Wonderful 3 bedroom, 2 bathroom, single story home in Tampa. Upon arriving at this home, you are welcomed into a foyer that leads to a living room/dining room combo. The kitchen is equipped with ample cabinet and counter space. Overlooking the kitchen is the family room with a ceiling fan and fireplace. The primary bedroom features carpet, sliding door for private access to the lanai, and an en suite bathroom with a large tiled walk-in shower. Outside, you can relax in your tropical oasis complete with screened patio and pool! Located in Tampa, this home is convenient to shops, restaurants, and I-75 for an easy commute to beaches and surrounding areas.
SEE MORE
- 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: Terrace Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Terrace Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$819 |
| Property Tax | -$284 | |
| Property Insurance | -$119 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$139
|
||
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.
$235,900
PROJECTED PRICE
$1,490
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 10.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| 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
$68,264
LOAN DETAILS
$819
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,975 |
| Loan Amount | $176,925 |
9.17
YEARS SAVED
$29,243
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,359
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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4708 E Serena Dr Tampa, FL 4
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- Rent
- Rent Per SQFT
- $1,490
- $1.04
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8607 N Orangeview Ave Tampa, FL 1
- 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,320
- $0.99
-
5105 Whiteway Dr Tampa, FL 2
- 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1971
LEASED 12/03/19- Rent
- Rent Per SQFT
- $1,349
- $0.93
-
4130 E Okara Rd Temple Terrace, FL 3
- 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 1974
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,400
- $0.88
-
5013 E 110th Ave Tampa, FL 5
- 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1986
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,500
- $1.00
PROPERTY LISTING DETAILS
1.813.435.5411
54 Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7829704
Last Updated: 01/09/2021
