Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $209.74
- 2 Days on Market
- MLS # : T3291410
- Updated Date : 02/20/2021 at 16:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,263 sqft
- Baths : 2 full
Listing Agent
Future Home Realty Inc
Listing Agent's Description
MOVE IN READY! This property is centrally located in Town n Country featuring an open floor plan with 3 bedrooms and 2 bath, on a CORNER lot with 1 car garage. Roof was replaced in 2015. The spacious outdoor area is perfect for entertaining with a FULLY FENCED BACKYARD. You can easily get to downtown Tampa, clearwater beach, Tampa International airport, and malls within minutes. This won't last long! Call today for your private showing!
SEE MORE
- 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: Northwest Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northwest Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$379 | |
| Property Insurance | -$109 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$67
|
||
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.
$264,900
PROJECTED PRICE
$1,470
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 9.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| 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
$75,949
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,225 |
| Loan Amount | $198,675 |
4.5
YEARS SAVED
$11,834
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$1,326
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
6510 Johns Rd Tampa, FL 2
- 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $1,470
- $1.16
-
4623 Byerle Cir Tampa, FL 1
- 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1962
LEASED 11/11/19- Rent
- Rent Per SQFT
- $1,450
- $1.07
-
6401 Southern Comfort Blvd Tampa, FL 3
- 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1974
LEASED 12/18/20- Rent
- Rent Per SQFT
- $1,500
- $1.04
-
7627 Rustic Dr Tampa, FL 4
- 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1975
LEASED 10/28/19- Rent
- Rent Per SQFT
- $1,525
- $0.98
-
6907 Shady Pl Tampa, FL 5
- 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1973
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,700
- $1.11
PROPERTY LISTING DETAILS
1.813.442.1965
Future Home Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291410
Last Updated: 02/20/2021
