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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $210.32
- 20 Days on Market
- MLS # : T3273991
- Updated Date : 11/18/2020 at 15:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,279 sqft
- Baths : 2 full
Listing Agent
Better Realty Services,llc
Listing Agent's Description
Temple Terrace home with the whole package! 3 Bedrooms 2 baths, family, dining and living room. Family room exits to elevated deck with seating area over looking privacy fenced 1/4 acre yard. Oversize 1 car garage with laundry, shelving and exterior door to backyard and deck. New vinyl plank in throughout except bedrooms that have brand new carpet. Interior has been freshly painted- walls, ceilings, closets, the new interior doors and all trim. The kitchen has new wood cabinets, granite and new brand new Samsung appliances. No HOA fees and a 3 minute walk to the park. Temple Terrace schools, recreation center and Temple Terrace Golf course all nearby. I-75 and USF a 5 minute drive away. New Buyers get a 3 month Social Membership at Temple Terrace Golf and country club.
SEE MORE
- 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: Temple Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Temple Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$992 |
| Property Tax | -$319 | |
| Property Insurance | -$110 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$101
|
||
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.
$269,000
PROJECTED PRICE
$1,400
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,035
LOAN DETAILS
$992
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,250 |
| Loan Amount | $201,750 |
4.42
YEARS SAVED
$13,343
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,241
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
6118 E 112th Ave Temple Terrace, FL 4
- 3 beds 2 baths ∙ 1,279 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,279 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,400
- $1.09
-
10225 N Ojus Dr Tampa, FL 1
- 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1980
LEASED 08/22/19- Rent
- Rent Per SQFT
- $1,200
- $1.03
-
9710 Beverly Dr Temple Terrace, FL 2
- 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1961
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,250
- $0.88
-
5105 Whiteway Dr Tampa, FL 3
- 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1971
LEASED 12/03/19- Rent
- Rent Per SQFT
- $1,349
- $0.93
-
5102 Holland Ave Temple Terrace, FL 5
- 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1978
LEASED 08/25/19- Rent
- Rent Per SQFT
- $1,500
- $1.04
PROPERTY LISTING DETAILS
1.813.833.7786
Better Realty Services,llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3273991
Last Updated: 11/18/2020
