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6808 N Coolidge Ave Tampa, FL 33614

3 Beds 2 Baths 1,019 sqft Built 1971

$217,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $212.95
  • 6 Days on Market
  • MLS # : U8110915
  • Updated Date : 01/27/2021 at 11:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,019 sqft
  • Baths : 1 full , 1 half
Listing Agent

Belle Isle Realty, Llc

Listing Agent's Description

GREAT INVESTMENT OPPORTUNITY!! This beautiful contemporary-style home with 3 bedrooms and 2 bathrooms, is in the heart of Tampa close to the Tampa International Airport, the International Mall, and many restaurants Tampa has to offer. The entrance has a cozy kitchen, on the right the great room is bright light and overlooks the big spacious backyard. This home has a beautiful exterior facing East with a nice yard in the front also nice for entertaining friends and family. (in addition to the large backyard), New air conditioner 2020. Make your appointment today. (This home has a tenant and lease expires july 31,2021 see realtor notes).

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pinecrest West Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Pinecrest West Park

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
Alexander Elementary School Primary Regular 637 53 7
Pierce Middle School Middle Regular 977 66 3
Leto High School High Magnet 1,971 108 4

Alexander Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 53
7
GreatSchools Rating

Pierce Middle School

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

Leto High School

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

$195,300$238,700$217,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$754
Property Tax -$267
Property Insurance -$95
Property Management Fees -$129
CASH FLOW
$46

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.

$217,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,255

INVESTMENT

$63,255

Down Payment
$54,250
Rehab Estimate
$5,750
Closing Costs
$3,255

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$754

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,250
Loan Amount $162,750
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$18,881

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $1,151

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2903$1,400
$1,400
RENT COMPS ANALYSIS
  • 6808 N Coolidge Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,019 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,019 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.27
    •  
  • 3221 W Clifton St Tampa, FL 1
    • 3 beds 1 baths ∙ 1,144 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,144 Sqft ∙ Built 1972
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.09
    •  
  • 7513 N Cortez Ave Tampa, FL 3
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1970 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1970
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.17
    •  
PROPERTY LISTING DETAILS
Laura Diaz Leyva
1.727.237.5572
Belle Isle Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8110915
Last Updated: 01/27/2021
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