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PROPERTY INFO
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!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Lake Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,724
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $49,975 |
Loan Amount | $149,925 |
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
PROPERTY LISTING DETAILS
1.727.481.4502
Stress Free Propert Mgmt. Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3281610
Last Updated: 12/23/2020