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5122 Ellendale Ave Tampa, FL 33625

3 Beds 2 Baths 1,064 sqft Built 1982

$250,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $234.96
  • 3 Days on Market
  • MLS # : T3281394
  • Updated Date : 12/19/2020 at 08:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,064 sqft
  • Baths : 2 full
Listing Agent

Tampa Bay Exclusive Realty

Listing Agent's Description

Cozy 3 bedroom 2 bathroom home located in desirable Carrollwood. Upon arrival, as you’re greeted with incredible curb appeal from the well maintained lawn and mature landscaping, you’ll also notice the attached 1 CAR GARAGE. Upon entering the home, you’ll discover the majority of this home boasts tile flooring. The kitchen features plenty of counter space and cabinets and was recently updated with STAINLESS STEEL appliances. The dining area is perfectly situated between the kitchen and living room in this OPEN-CONCEPT plan, and is connected to the LARGE SCREENED LANAI, making this home perfect for entertaining guests! The master bedroom features a WALK-IN CLOSET and private bathroom that was recently updated just last year. The HUGE backyard is fenced on 3 sides. As an added bonus, this home also features A recently installed electrical panel and AC system - both replaced in 2019, providing peace of mind for years to come. If you’re looking for a WELL PRICED home with great space to entertain, you will not want to miss this opportunity! Call us today to schedule your private showing!

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MARKET HIGHLIGHTS

  • 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: Carrollwood Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k252k

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

Neighborhood: Carrollwood Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781643

* 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
Essrig Elementary School Primary Regular 675 53 6
Hill Middle School Middle Regular 870 52 6
Gaither High School High Regular 2,090 117 5

Essrig Elementary School

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 53
6
GreatSchools Rating

Hill Middle School

  • Education Level: Middle
  • # of students: 870
  • # of teachers: 52
6
GreatSchools Rating

Gaither High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 117
5
GreatSchools Rating
 

$225,000$275,000$250,000

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 -$922
Property Tax -$307
Property Insurance -$98
Property Management Fees -$129
CASH FLOW
-$6

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.

$250,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$21,630

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
  • $1.36

    LIST RENT PER SQFT
  • $1,290

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,449
1$1,4492$1,4503$1,5004$1,5995$1,695
$1,695
RENT COMPS ANALYSIS
  • 5122 Ellendale Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.36
    •  
  • 13915 Basin St Tampa, FL 1
    • 3 beds 2 baths ∙ 1,167 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,167 Sqft ∙ Built 1984
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $1.24
    •  
  • 5120 Ellendale Ave Tampa, FL 3
    • 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 1980
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.21
    •  
  • 12820 Dunhill Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1987
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.19
    •  
  • 14703 Cactus Wren Pl Tampa, FL 5
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1980
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.21
    •  
PROPERTY LISTING DETAILS
Stephanie Cruz
1.813.317.7259
Tampa Bay Exclusive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3281394
Last Updated: 12/19/2020
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