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806 E 127th Ave Tampa, FL 33612

3 Beds 2 Baths 1,198 sqft Built 1986

$205,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $171.12
  • 2 Days on Market
  • MLS # : T3275016
  • Updated Date : 11/07/2020 at 17:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,198 sqft
  • Baths : 2 full
Listing Agent

Florida Homes Rlty & Mortgage

Listing Agent's Description

Don’t miss this lovely Move-In Ready 3-bedroom 2 bath that has been renovated to include ceramic tile throughout, a newer roof, a newer kitchen with granite countertops, and updated bathrooms. The inside utility room has its own utility sink for extra convenience. The back yard is completely fenced for privacy and even has a nice patio deck to relax after a long day at work. The well-kept oversize lot of 75ft x 96ft has plenty of space to park and RV, Boat, or additional vehicles. The home is centrally located near I 275, Downtown Tampa, Busch Gardens, USF, Tampa Airport, and various dining locations nearby. Hurry this home won’t last long!

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: University

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $46k238k

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

Neighborhood: University

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6511613

* 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
Miles Elementary School Primary Regular 810 68 1
Buchanan Middle School Middle Regular 743 53 3
Gaither High School High Regular 2,090 117 5

Miles Elementary School

  • Education Level: Primary
  • # of students: 810
  • # of teachers: 68
1
GreatSchools Rating

Buchanan Middle School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 53
3
GreatSchools Rating

Gaither High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 117
5
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$756
Property Tax -$252
Property Insurance -$105
Property Management Fees -$80
CASH FLOW
$66

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.

$205,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 0.5%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$23,516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,267

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,070
1$1,0702$1,2603$1,3954$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 806 E 127th Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $1.05
    •  
  • 12215 N 9th St Tampa, FL 1
    • 3 beds 1 baths ∙ 1,043 Sqft ∙ Built 1966 3 beds 1 baths ∙ 1,043 Sqft ∙ Built 1966
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,070
    • $1.03
    •  
  • 12203 N 9th St Tampa, FL 3
    • 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1979
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.08
    •  
  • 14510 Diplomat Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1975
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
  • 706 Regency Ct Tampa, FL 5
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1975
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
PROPERTY LISTING DETAILS
Obel Boza, P.a
1.813.244.6053
Florida Homes Rlty & Mortgage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275016
Last Updated: 11/07/2020
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