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5245 Tammy Ln Holiday, FL 34690

3 Beds 1 Baths 1,350 sqft Built 1969

$150,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $111.11
  • 2 Days on Market
  • MLS # : U8116993
  • Updated Date : 03/20/2021 at 19:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 1 full
Listing Agent

Offerpad Brokerage

Listing Agent's Description

Great investment opportunity! This 3 bedroom 2 bath home has a Brand New Roof 2021, New HVAC 2020, New Hot Water Heater 2020! Converted garage makes for an additional bedroom or Bonus Room. No HOA, CDD or flood insurance! Open floor plan Kitchen and Great Room, plenty of room to relax with family and friends.

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: Holiday Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $44k238k

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

Neighborhood: Holiday Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5581590

* 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
Sunray Elementary School Primary Regular 516 39 5
Paul R. Smith Middle School Middle Regular 1,030 69 3
Anclote High School High Regular 1,381 78 4

Sunray Elementary School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 39
5
GreatSchools Rating

Paul R. Smith Middle School

  • Education Level: Middle
  • # of students: 1,030
  • # of teachers: 69
3
GreatSchools Rating

Anclote High School

  • Education Level: High
  • # of students: 1,381
  • # of teachers: 78
4
GreatSchools Rating
 

$135,000$165,000$150,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$521
Property Tax -$167
Property Insurance -$115
Property Management Fees -$129
CASH FLOW
$278

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.

$150,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

14.33

YEARS SAVED

$34,681

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,333

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,1953$1,1954$1,2105$1,300
$1,300
RENT COMPS ANALYSIS
  • 5245 Tammy Ln Holiday, FL 4
    • 3 beds 1 baths ∙ 1,350 Sqft ∙ Built 1969 3 beds 1 baths ∙ 1,350 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.90
    •  
  • 2040 Maureen Dr Holiday, FL 1
    • 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1969
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.96
    •  
  • 4849 Ann Dr Holiday, FL 2
    • 4 beds 2 baths ∙ 1,164 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,164 Sqft ∙ Built 1969
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.03
    •  
  • 5338 Dawn Ln Holiday, FL 3
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1969
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.96
    •  
  • 2249 Peggy Dr Holiday, FL 5
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1969
    property image
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.00
    •  
PROPERTY LISTING DETAILS
Kim Nestor
1.813.750.4127
Offerpad Brokerage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8116993
Last Updated: 03/20/2021
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