Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5207 S 85th St Tampa, FL 33619

3 Beds 2 Baths 1,432 sqft Built 1961

$204,900

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $143.09
  • 7 Days on Market
  • MLS # : T3274930
  • Updated Date : 11/13/2020 at 17:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,432 sqft
  • Baths : 2 full
Listing Agent

Action 100 Realty

Listing Agent's Description

This beautiful 3/2/1 car carport home features a new roof installed around August, 2020, new waterproof laminate flooring throughout the house, new cabinets in shaker style, new granite countertops, freshly painted interior and exterior. This home also features a very spacious laundry room, huge master bedroom, breakfast counter and a nice size fenced back yard for entertaining with the family. Schedule your showing today!!!

SEE MORE

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: 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
 

$184,410$225,390$204,900

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$756
Property Tax -$258
Property Insurance -$119
Property Management Fees -$80
CASH FLOW
$7

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.

$204,900

PROJECTED PRICE

$1,220

PROJECTED RENT

0.60%

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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$60,049

INVESTMENT

$60,049

Down Payment
$51,225
Rehab Estimate
$5,750
Closing Costs
$3,074

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,225
Loan Amount $153,675
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$16,765

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,307

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2203$1,2504$1,3455$1,695
$1,695
RENT COMPS ANALYSIS
  • 5207 S 85th St Tampa, FL 2
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.85
    •  
  • 4809 S 87th St Tampa, FL 1
    • 3 beds 1 baths ∙ 1,454 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,454 Sqft ∙ Built 1962
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.83
    •  
  • 8105 Ash Ave Tampa, FL 3
    • 4 beds 1 baths ∙ 1,260 Sqft ∙ Built 1960 4 beds 1 baths ∙ 1,260 Sqft ∙ Built 1960
    property image
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.99
    •  
  • 3217 Deerfield Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1973
    property image
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.83
    •  
  • 5016 S 87th St Tampa, FL 5
    • 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 1960
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
PROPERTY LISTING DETAILS
Yuneisy Hernandez
1.813.997.2607
Action 100 Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274930
Last Updated: 11/13/2020
BESbswy