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5121 N 44th St Tampa, FL 33610

3 Beds 3 Baths 1,632 sqft Built 2006

$229,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $140.87
  • 5 Days on Market
  • MLS # : T3274504
  • Updated Date : 11/05/2020 at 17:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,632 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pineywoods Realty Llc

Listing Agent's Description

*Priced To Sell!* This beautiful, contemporary home is situated on a large CORNER LOT, convenient to shopping, restaurants, and only a few minutes to the Seminole Hard Rock! There are several newer, block construction homes on this street that look like they were all built around the same time. Homes this well maintained rarely come available in this neighborhood, and this one features everything you have been looking for. You will love the wide-open living spaces with high ceilings, bright new LUXURY VINYL PLANK flooring throughout the living areas. The airy kitchen features 42" upper cabinets with crown molding. French doors off of the dining area lead to a patio and LARGE FENCED YARD where you're sure to enjoy the Florida lifestyle while entertaining family and friends. There is a side gate which allows you to pull into the yard from the side street because this is a corner lot. The large master suite offers a walk-in closet, en-suite bath, and one of the coolest features you'll see in a house in this price range - a BALCONY. The secondary bedrooms are spacious and bright and both bathrooms feature updated vanities. This home also features a convenient upstairs laundry room, 1-car garage, FRESH PAINT interior and exterior, NEW STONE ACCENTS, new carpet, and landscaping, so all you have to do is move in.

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: East Tampa

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $45k238k

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

Neighborhood: East Tampa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6941613

* 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
James Elementary School Primary Regular 687 62 1
Jennings Middle School Middle Regular 770 58 2
Armwood High School High Regular 1,809 104 3

James Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 62
1
GreatSchools Rating

Jennings Middle School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 58
2
GreatSchools Rating

Armwood High School

  • Education Level: High
  • # of students: 1,809
  • # of teachers: 104
3
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$848
Property Tax -$277
Property Insurance -$130
Property Management Fees -$80
CASH FLOW
$175

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.

$229,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 9.8%
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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

9.83

YEARS SAVED

$37,681

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,595

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3003$1,3504$1,4005$1,510
$1,510
RENT COMPS ANALYSIS
  • 5121 N 44th St Tampa, FL 5
    • 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.93
    •  
  • 3116 E Osborne Ave Tampa, FL 1
    • 4 beds 2 baths ∙ 1,337 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,337 Sqft ∙ Built 2001
    LEASED 05/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
  • 6218 Rolling Hammock Pl Tampa, FL 2
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1997
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 3617 E Lambright St Tampa, FL 3
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2007
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
  • 3512 E Mohawk Ave Tampa, FL 4
    • 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2002
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.04
    •  
PROPERTY LISTING DETAILS
Timothy Terpening P.a.
1.813.688.0068
Pineywoods Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274504
Last Updated: 11/05/2020
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