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

7210 N Lois Ave Tampa, FL 33614

3 Beds 2 Baths 1,856 sqft Built 1983

$249,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $134.64
  • 6 Days on Market
  • MLS # : T3272976
  • Updated Date : 10/30/2020 at 09:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,856 sqft
  • Baths : 2 full
Listing Agent

Rivera & Associates Realty

Listing Agent's Description

SINGLE FAMILY HOME AFFORDABLE TAMPA IN THIS CENTRAL LOCATION. PERFECT FOR FIRST TIME HOME BUYER. EASY ACCESS TO SCHOOLS, RESTAURANTS, SHOPPING, 1-275 AND TAMPA INTERNATIONAL AIRPORT.

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: 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
Crestwood Elementary School Primary Regular 901 67 3
Pierce Middle School Middle Regular 977 66 3
Leto High School High Magnet 1,971 108 4

Crestwood Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 67
3
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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$922
Property Tax -$307
Property Insurance -$143
Property Management Fees -$80
CASH FLOW
$227

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.

$249,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.67%

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$1.0M

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$45,554

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,814

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,6504$1,6805$1,700
$1,700
RENT COMPS ANALYSIS
  • 7210 N Lois Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.91
    •  
  • 6814 N Sterling Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2002
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 8810 Cypress Hammock Dr Tampa, FL 2
    • 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1998
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 7516 N Clark Ave Tampa, FL 3
    • 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 1997
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 6601 N Lois Ave Tampa, FL 5
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1999
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.05
    •  
PROPERTY LISTING DETAILS
Maria Rivera
1.813.842.7399
Rivera & Associates Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3272976
Last Updated: 10/30/2020
BESbswy