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6202 Rolling Hammock Pl Tampa, FL 33610

3 Beds 2 Baths 1,344 sqft Built 1998

$184,900

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $137.57
  • 7 Days on Market
  • MLS # : T3273220
  • Updated Date : 10/29/2020 at 12:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 2 full
Listing Agent

Offerpad Brokerage

Listing Agent's Description

Don't miss this adorable single story home with a NEW ROOF and NEW HVAC! Open floorplan with new interior paint and new flooring throughout. The kitchen features granite countertops, stainless steel appliances and a breakfast bar. The primary bedroom has an ensuite bathroom. Private fenced backyard. Close to shopping, dining, entertainment and easy freeway access. Vacant and ready for viewing, come see!

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: Northeast Community

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $45k238k

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

Neighborhood: Northeast Community

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7161613

* 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
Robles Elementary School Primary Regular 745 65 2
Sligh Middle School Middle Magnet 588 52 2
King High School High Magnet 1,889 106 4

Robles Elementary School

  • Education Level: Primary
  • # of students: 745
  • # of teachers: 65
2
GreatSchools Rating

Sligh Middle School

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

King High School

  • Education Level: High
  • # of students: 1,889
  • # of teachers: 106
4
GreatSchools Rating
 

$166,410$203,390$184,900

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$682
Property Tax -$223
Property Insurance -$114
Property Management Fees -$80
CASH FLOW
$201

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.

$184,900

PROJECTED PRICE

$1,300

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.5%
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$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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,749

INVESTMENT

$54,749

Down Payment
$46,225
Rehab Estimate
$5,750
Closing Costs
$2,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,225
Loan Amount $138,675
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$37,435

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,324

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3003$1,3004$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 6202 Rolling Hammock Pl Tampa, FL 3
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
  • 3606 E Idlewild Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2001
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.00
    •  
  • 6218 Rolling Hammock Pl Tampa, FL 2
    • 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1997
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 3617 E Lambright St Tampa, FL 4
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2007
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
  • 3512 E Mohawk Ave Tampa, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Rob Jones
1.813.534.6326
Offerpad Brokerage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273220
Last Updated: 10/29/2020
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