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6010 N 18th St Tampa, FL 33610

3 Beds 2 Baths 1,300 sqft Built 2003

$275,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $211.54
  • 3 Days on Market
  • MLS # : T3283900
  • Updated Date : 01/09/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,300 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tampa Prop.

Listing Agent's Description

Welcome home to this MOVE-IN READY 3 BD / 2 BA in Seminole Heights. Enter the home into an open concept living room, with it's bright windows and beautiful wood-look tile floors. To your right is the dining room and spacious kitchen; featuring a breakfast-bar, plenty of cabinet space, and a suite of stainless steel appliances. Follow the hallway past the guest bathroom with full tub, back to the well-appointed guest rooms with great natural light and ceiling fans in each. The roomy master is also located off of this hallway, with an ensuite bathroom and walk-in shower. Head back to the dining room, and take the french doors outside to the fully fenced backyard. Imagine yourself relaxing on the deck after a long day, or hosting barbecues in your spacious and private yard! This home is close to all the trendy dining and entertaining options of Seminole Heights, without the headaches of an older home. BONUS FEATURES: New A/C unit and hurricane proof shed were installed in 2020. Publix and Hampton Station Pizzeria are a short walk through the peaceful neighborhood, and quick access to I-275 makes travel downtown and anywhere in the Tampa Bay area a breeze. This community is HOT and this property won't last long. Call today to schedule a private tour!

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: Old Seminole Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $67k238k

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

Neighborhood: Old Seminole Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8381613

* 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
Foster Elementary School Primary Regular 524 48 2
Sligh Middle School Middle Magnet 588 52 2
Middleton High School High Magnet 1,448 93 4

Foster Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 48
2
GreatSchools Rating

Sligh Middle School

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 52
2
GreatSchools Rating

Middleton High School

  • Education Level: High
  • # of students: 1,448
  • # of teachers: 93
4
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$955
Property Tax -$331
Property Insurance -$111
Property Management Fees -$129
CASH FLOW
$54

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.

$275,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 13.3%
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$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$25,092

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,427

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3823$1,4004$1,4255$1,580
$1,580
RENT COMPS ANALYSIS
  • 6010 N 18th St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.22
    •  
  • 1310 E Palifox St Tampa, FL 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2000
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.08
    •  
  • 3019 E Comanche Ave Tampa, FL 2
    • 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 2005
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,382
    • $1.03
    •  
  • 3512 E Mohawk Ave Tampa, FL 3
    • 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
    •  
  • 1709 E Frierson Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1983
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.24
    •  
PROPERTY LISTING DETAILS
Paul Mercer
1.813.264.7754
Keller Williams Tampa Prop.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283900
Last Updated: 01/09/2021
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