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6304 N 17th St Tampa, FL 33610

4 Beds 3 Baths 1,974 sqft Built 2006

$349,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $177.25
  • 3 Days on Market
  • MLS # : T3285049
  • Updated Date : 01/16/2021 at 16:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,974 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Tampa Central

Listing Agent's Description

Welcome home this Hampton Terrace charmer!! This gorgeous 2006 masterpiece offers 4 bedrooms, 2 and a half bathrooms, 1,974 sqft, a spacious backyard, and a beautiful front & back porch. This home has everything you need to just move right in and start your life. The kitchen is large and inviting with granite countertops, stainless steel appliances and a large peninsula for in-kitchen seating. Going upstairs you will be invited into the spacious bedrooms, with a shared guest bathroom beautifully remodeled. The large master suite offers an en-suite bathroom and large walk-in closet with plenty of space for storage.The fully fenced backyard is large, level and a great place to play, let the dogs roam or even add a pool. Ideally located just minutes to some of Tampa's best bars and restaurants and only a short drive to Downtown Tampa. Don't miss your chance to call this home, Call today & don't delay!

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: 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
Hillsborough High School High Magnet 1,947 107 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

Hillsborough High School

  • Education Level: High
  • # of students: 1,947
  • # of teachers: 107
4
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,215
Property Tax -$420
Property Insurance -$150
Property Management Fees -$129
CASH FLOW
$85

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.

$349,900

PROJECTED PRICE

$2,000

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$1.4M$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$33,347

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,231

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8953$1,9354$2,000
$2,000
RENT COMPS ANALYSIS
  • 6304 N 17th St Tampa, FL 4
    • 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.01
    •  
  • 812 W Sligh Ave Tampa, FL 1
    • 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 1994
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.06
    •  
  • 1901 E Hamilton Ave Tampa, FL 2
    • 3 beds 3 baths ∙ 1,665 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,665 Sqft ∙ Built 2007
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.14
    •  
  • 7707 N Riverdale Ave Tampa, FL 3
    • 4 beds 3 baths ∙ 1,624 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,624 Sqft ∙ Built 2008
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $1.19
    •  
PROPERTY LISTING DETAILS
Giannina Linares
1.813.817.6464
Keller Williams Tampa Central
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285049
Last Updated: 01/16/2021
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