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4930 S 82nd St Tampa, FL 33619

4 Beds 2 Baths 1,170 sqft Built 1961

$194,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $166.58
  • 6 Days on Market
  • MLS # : T3281896
  • Updated Date : 12/23/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,170 sqft
  • Baths : 2 full
Listing Agent

Exit Bayshore Realty

Listing Agent's Description

One or more photo(s) has been virtually staged. Great starter home located close to shopping, restaurants and interstates. Updated home that includes granite in kitchen and bathrooms. laminate flooring throughout. Newer roof and a/c. nice size lot.

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
 

$175,410$214,390$194,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$719
Property Tax -$240
Property Insurance -$104
Property Management Fees -$129
CASH FLOW
$259

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.

$194,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.74%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,399

INVESTMENT

$57,399

Down Payment
$48,725
Rehab Estimate
$5,750
Closing Costs
$2,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,725
Loan Amount $146,175
See What Happens When You Reinvest Cash Flow

12.5

YEARS SAVED

$44,411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,392

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,025
1$1,0252$1,2003$1,2754$1,3005$1,450
$1,450
RENT COMPS ANALYSIS
  • 4930 S 82nd St Tampa, FL 5
    • 4 beds 2 baths ∙ 1,170 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,170 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.24
    •  
  • 8320 Allamanda Ave Tampa, FL 1
    • 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
    •  
  • 7920 Dahlia Ave Tampa, FL 2
    • 4 beds 1 baths ∙ 1,045 Sqft ∙ Built 1960 4 beds 1 baths ∙ 1,045 Sqft ∙ Built 1960
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.15
    •  
  • 4907 S 79th St Tampa, FL 3
    • 4 beds 2 baths ∙ 1,051 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,051 Sqft ∙ Built 1961
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.21
    •  
  • 8318 Croton Ave Tampa, FL 4
    • 3 beds 1 baths ∙ 1,073 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,073 Sqft ∙ Built 1960
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.21
    •  
PROPERTY LISTING DETAILS
Luis Chevere
1.813.335.4851
Exit Bayshore Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3281896
Last Updated: 12/23/2020
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