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

6721 Ralston Beach Cir Tampa, FL 33614

4 Beds 3 Baths 1,750 sqft Built 1964

$289,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $165.66
  • 5 Days on Market
  • MLS # : T3273691
  • Updated Date : 11/02/2020 at 12:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,750 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pineywoods Realty Llc

Listing Agent's Description

LOCATION is everything and this POOL home has it! Welcome home to this beautiful Ranch style house, located in the heart of Tampa, centrally located near the future Midtown Center, International Mall, Westshore Mall, Raymond James Stadium, Yankee Stadium, Tampa International Airport, Armature Works, Private and Public Schools, St. Joseph Hospital, Westshore District, and many more!! This home features 4 bedrooms, 2 ½ bathrooms and 1750 square feet of living space including living room/dining room with an open concept. NEW ROOF, NEW AC, NEW Interior and Exterior Paint, NEW back fence, and NO HOA. One of the bedrooms has a separate entrance through the side of the house, perfect to use as a mother-in-law suite. Enjoy the fenced backyard, the pool or walk to the neighborhood park down the street. Do not miss the opportunity to own this beautiful move-in ready home in the heart of Tampa!

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: Egypt Lake - Leto

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Egypt Lake - Leto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
Oak Grove Elementary School Primary Regular 852 67 5
Pierce Middle School Middle Regular 977 66 3
Hillsborough High School High Magnet 1,947 107 4

Oak Grove Elementary School

  • Education Level: Primary
  • # of students: 852
  • # of teachers: 67
5
GreatSchools Rating

Pierce Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 66
3
GreatSchools Rating

Hillsborough High School

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

$260,910$318,890$289,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,070
Property Tax -$357
Property Insurance -$137
Property Management Fees -$80
CASH FLOW
-$23

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.

$289,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$20,561

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,711

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,6204$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 6721 Ralston Beach Cir Tampa, FL 3
    • 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.93
    •  
  • 7809 N Woodlynne Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,455 Sqft ∙ Built 1963
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 2513 W Minnehaha St Tampa, FL 2
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1955
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 7808 Lakeside Blvd Tampa, FL 4
    • 4 beds 3 baths ∙ 1,768 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,768 Sqft ∙ Built 1966
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 1711 W Comanche Ave Tampa, FL 5
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1961 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1961
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
PROPERTY LISTING DETAILS
Lirieth Cruz
1.813.225.1890
Pineywoods Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273691
Last Updated: 11/02/2020
BESbswy