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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: University
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,075
LOAN DETAILS
$756
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,250 |
| Loan Amount | $153,750 |
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
-
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
1.813.244.6053
Florida Homes Rlty & Mortgage
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3275016
Last Updated: 11/07/2020
