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6206 S Church Ave Tampa, FL 33616

3 Beds 2 Baths 1,812 sqft Built 1970

$375,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $206.95
  • 3 Days on Market
  • MLS # : T3282684
  • Updated Date : 01/15/2021 at 13:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,812 sqft
  • Baths : 2 full
Listing Agent

Re/max Dynamic

Listing Agent's Description

PRIME LOCATION – SOUTH TAMPA! Excellent CURB APPEAL with circular driveway and brick pavers front porch! Shows like a model home this 3bd/2ba possible 4th bedroom in desirable South Tampa location minutes to MacDill AFB, Hyde Park, and Gulf beaches. Bright and welcoming, this home features a formal living room, dining room, and family room, all open to a spacious kitchen. The formal living room features new plush carpeting and vaulted ceilings. The kitchen boasts granite countertops, new appliances, beautiful white cabinets, plenty of counter space, and breakfast nook. The family room features glass sliders leading to the screened patio. The SPACIOUS master suite has a beautiful en-suite bath with stunning tiled shower with seat. All bedrooms are bright, generously sized, and include ceiling fans. The bonus room/office/4th bedroom features FRENCH DOORS leading the brick pavers patio out front. The secondary bath has also been updated and offer ample space. This fabulous OUTDOOR LIVING SPACE is perfect with an EXPANSIVE screened patio surrounded by generous yard space. Lush landscaping and mature shade trees create the perfect place to sit outdoors! Additional space has been provided for you with two storage sheds. This home is conveniently located in desirable South Tampa, close to shopping, restaurants, Gandy bridge & I-275, making the commute to Downtown Tampa or St. Pete a breeze! A fabulous home for entertaining! This one will not last long!

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: Sun Bay South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $72k238k

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

Neighborhood: Sun Bay South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7761613

* 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
Lanier Elementary School Primary Regular 394 37 5
Monroe Middle School Middle Regular 509 44 3
Robinson High School High Magnet 1,542 91 6

Lanier Elementary School

  • Education Level: Primary
  • # of students: 394
  • # of teachers: 37
5
GreatSchools Rating

Monroe Middle School

  • Education Level: Middle
  • # of students: 509
  • # of teachers: 44
3
GreatSchools Rating

Robinson High School

  • Education Level: High
  • # of students: 1,542
  • # of teachers: 91
6
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,303
Property Tax -$451
Property Insurance -$141
Property Management Fees -$129
CASH FLOW
$56

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.

$375,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$32,410

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,106

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9953$2,0004$2,0805$2,500
$2,500
RENT COMPS ANALYSIS
  • 6206 S Church Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.15
    •  
  • 3214 W Leila Ave Tampa, FL 1
    • 4 beds 2 baths ∙ 1,711 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,711 Sqft ∙ Built 1959
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.05
    •  
  • 3602 W Oklahoma Ave Tampa, FL 2
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1962
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.18
    •  
  • 4103 W Bay Vista Ave Tampa, FL 3
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1954
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.13
    •  
  • 4105 Treasure Cir Tampa, FL 5
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1966
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.29
    •  
PROPERTY LISTING DETAILS
Andrew Duncan
1.813.501.3939
Re/max Dynamic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282684
Last Updated: 01/15/2021
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