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7210 Trinity Pl Tampa, FL 33610

3 Beds 2 Baths 1,172 sqft Built 1968

$199,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $170.56
  • 5 Days on Market
  • MLS # : T3281610
  • Updated Date : 12/23/2020 at 08:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,172 sqft
  • Baths : 2 full
Listing Agent

Stress Free Propert Mgmt. Inc.

Listing Agent's Description

Beautiful 3 Bed/2 Bath/1 Car Carport, block, single family home in Tampa with 1,172 sqft. This one is worth looking at! HUGE backyard with detached storage shed! Freshly painted inside and out and new kitchen cabinets and appliances! Nice bedroom floorplan with good sized rooms. Ceramic tile in the main living areas makes for easy cleaning and new carpet in the bedrooms is comfy on your feet. Master bedroom with attached bathroom makes for a nice retreat. Many bonus features such as ample storage space, window blinds in every room, and ceiling fans to send you a cool breeze. Covered patio to sit and enjoy your coffee while listening to the birds' chirp. Very close to Seminole Hard Rock Café and Florida State Fairgrounds with easy access to I-4. East Lake Park is a well-kept community without the hassle of an HOA. Don't make a decision without seeing this home first!

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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: East Lake Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: East Lake 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
James Elementary School Primary Regular 687 62 1
Burnett Middle School Middle Regular 869 62 3
Blake High School High Magnet 1,709 103 4

James Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 62
1
GreatSchools Rating

Burnett Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 62
3
GreatSchools Rating

Blake High School

  • Education Level: High
  • # of students: 1,709
  • # of teachers: 103
4
GreatSchools Rating
 

$179,910$219,890$199,900

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 -$738
Property Tax -$246
Property Insurance -$104
Property Management Fees -$129
CASH FLOW
$74

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.

$199,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.0%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$24,412

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
  • $1.1

    LIST RENT PER SQFT
  • $1,272

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2903$1,4004$1,4005$1,500
$1,500
RENT COMPS ANALYSIS
  • 7210 Trinity Pl Tampa, FL 2
    • 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.10
    •  
  • 3814 Argon Dr Tampa, FL 1
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1964
    property image
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.05
    •  
  • 6230 Travis Blvd Tampa, FL 3
    • 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1959
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 7422 E Mohawk Ave Tampa, FL 4
    • 3 beds 1 baths ∙ 1,231 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,231 Sqft ∙ Built 1967
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.14
    •  
  • 7116 Kingsbury Cir Tampa, FL 5
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1965
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jason Welch
1.727.481.4502
Stress Free Propert Mgmt. Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3281610
Last Updated: 12/23/2020
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