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

6523 W Hanna Ave Tampa, FL 33634

3 Beds 2 Baths 1,758 sqft Built 1968

$269,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $153.53
  • 4 Days on Market
  • MLS # : T3283293
  • Updated Date : 01/09/2021 at 15:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,758 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty South Tampa

Listing Agent's Description

Welcome to your Home! Upon entry walk into the beautiful living area that provides access to a gorgeous FORMAL LIVING AREA with a beautiful BRICK FIREPLACE and an open KITCHEN AREA to entertain your guests. Walk into the lovely LARGE KITCHEN that has PLENTY OF COUNTER SPACE to cook large meals and entertain guests! The kitchen has a beautiful window to look out onto the front yard while you cook. The kitchen has a large unattached PANTRY CLOSET, a cute WINDOW OUTLOOK-that is framed with beautiful DESIGNED MOLDINGS- to see into the living area as well as the formal dining area, as well as an abundance of the cabinet space, a dishwasher, microwave and all of your kitchen needs! NO CARPETS-beautiful LAMINATE FLOORING throughout! BRAND NEW LAMINATE FLOORING in both NEWLY RENOVATED BATHROOMS (2020)! The roof is approx. 4 years old (2016). This home also comes with FREE MONEY due to the attached income-producing IN-LAW SUITE! The backyard has TWO SHEDS for your convenience and is FENCED in. This home is CENTRALLY LOCATED near VETERANS EXPRESSWAY, I-275, SHOPPING, RESTAURANTS, THE BEACH, MACDILL AIRFORCE BASE, INTERNATIONAL AIRPORT, SHOPPING MALLS and so much more!

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: Northwest Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Northwest Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7111613

* 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
Town And Country Elementary School Primary Regular 439 39 4
Webb Middle School Middle Regular 875 56 4
Leto High School High Magnet 1,971 108 4

Town And Country Elementary School

  • Education Level: Primary
  • # of students: 439
  • # of teachers: 39
4
GreatSchools Rating

Webb Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 56
4
GreatSchools Rating

Leto High School

  • Education Level: High
  • # of students: 1,971
  • # of teachers: 108
4
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$937
Property Tax -$332
Property Insurance -$138
Property Management Fees -$129
CASH FLOW
$214

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.

$269,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$38,470

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,828

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5493$1,7004$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 6523 W Hanna Ave Tampa, FL 4
    • 4 beds 3 baths ∙ 1,758 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,758 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
  • 6401 Southern Comfort Blvd Tampa, FL 1
    • 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
    •  
  • 6001 Crestridge Rd Tampa, FL 2
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1967
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.96
    •  
  • 6907 Shady Pl Tampa, FL 3
    • 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
    •  
  • 7104 Hazelwood Tampa, FL 5
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 1970
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.05
    •  
PROPERTY LISTING DETAILS
Reesie Madden
1.813.586.0025
Keller Williams Realty South Tampa
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283293
Last Updated: 01/09/2021
BESbswy