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4906 S 84th St Tampa, FL 33619

3 Beds 1 Baths 864 sqft Built 1960

$167,000

List Price

$990

$891 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $193.29
  • 3 Days on Market
  • MLS # : T3296720
  • Updated Date : 03/20/2021 at 13:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 864 sqft
  • Baths : 1 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Great first home or investment property. This 3 bedroom 1 bath block home features an open concept, with new water resistant laminate flooring, fresh paint inside and out, and gorgeous granite counter top in the kitchen. The kitchen features stainless steel appliances, connecting to the dinning area. Sliding doors lead to the fenced back yard, where you will find a big storage shed. There is an inside large laundry room. The bathroom has been beautifully remodeled. This is a perfect starter home, with a great layout, making it feel spacious and welcoming. Located in the Progress Village community, it has easy access to the highways and shopping.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Progress Village

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $44k238k

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

Neighborhood: Progress Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6721613

* 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
Lamb Elementary School Primary Regular NA
Giunta Middle School Middle Regular 951 61 1
Spoto High School High Regular 1,449 88 3

Lamb Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Giunta Middle School

  • Education Level: Middle
  • # of students: 951
  • # of teachers: 61
1
GreatSchools Rating

Spoto High School

  • Education Level: High
  • # of students: 1,449
  • # of teachers: 88
3
GreatSchools Rating
 

$150,300$183,700$167,000

PURCHASE PRICE

$891$1,089$990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $990
EXPENSES Loan Payment -$580
Property Tax -$205
Property Insurance -$86
Property Management Fees -$129
CASH FLOW
-$10

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.

$167,000

PROJECTED PRICE

$990

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,005

INVESTMENT

$50,005

Down Payment
$41,750
Rehab Estimate
$5,750
Closing Costs
$2,505

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $41,750
Loan Amount $125,250
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$10,553

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $990

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $998

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$990
1$9902$1,0253$1,215
$1,215
RENT COMPS ANALYSIS
  • 4906 S 84th St Tampa, FL 1
    • 3 beds 1 baths ∙ 864 Sqft ∙ Built 1960 3 beds 1 baths ∙ 864 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $990
    • $1.15
    •  
  • 8320 Allamanda Ave Tampa, FL 2
    • 3 beds 1 baths ∙ 861 Sqft ∙ Built 1960 3 beds 1 baths ∙ 861 Sqft ∙ Built 1960
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,025
    • $1.19
    •  
  • 5012 S 87th St Tampa, FL 3
    • 4 beds 1 baths ∙ 1,088 Sqft ∙ Built 1960 4 beds 1 baths ∙ 1,088 Sqft ∙ Built 1960
    property image
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,215
    • $1.12
    •  
PROPERTY LISTING DETAILS
Marina Navia
1.574.329.0132
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296720
Last Updated: 03/20/2021
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