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8307 Steamboat Ln 
Tampa, FL
33637
3 Beds 2 Baths 1,367 sqft
Built 1986
INVESTimate
$169,000
List Price
$50,535
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PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $123.63
- 3 Days on Market
- MLS # : O5886991
- Updated Date : 08/24/2020 at 15:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,367 sqft
- Baths : 2 full
Listing Agent
Julies Realty, Llc
Listing Agent's Description
This is a great opportunity in a good location, only 15 minutes from Downtown Tampa and 10 minutes from USF! This property needs some updating and a little TLC, but has good bones and is currently listed to sell. Each of the 3 bedrooms are spacious, there is an additional bonus room and a security system installed. **NEAR I-75 HIGHWAY & UNIVERSITY OF SOUTH FLORIDA**. No HOA or CDD Fees. This is the perfect starter home for a buyer willing to do the work or an investment property. SOLD AS-IS
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: East Lake - Orient Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Lake - Orient Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,330 |
| EXPENSES | Loan Payment | -$624 |
| Property Tax | -$232 | |
| Property Insurance | -$115 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$279
|
||
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.
$169,000
PROJECTED PRICE
$1,330
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 12.09% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$50,535
LOAN DETAILS
$624
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $42,250 |
| Loan Amount | $126,750 |
13.58
YEARS SAVED
$42,994
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,326
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
8307 Steamboat Ln Tampa, 2
- 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $1,330
- $0.97
-
7329 Sequoia Dr Tampa, 1
- 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1971
![property image]()
LEASED 04/04/19- Rent
- Rent Per SQFT
- $1,275
- $0.95
-
8308 Mark Twain Pl Tampa, 3
- 3 beds 3 baths ∙ 1,533 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,533 Sqft ∙ Built 1994
![property image]()
LEASED 01/20/20- Rent
- Rent Per SQFT
- $1,400
- $0.91
-
7608 Willow Park Dr Temple Terrace, 4
- 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 1986
![property image]()
LEASED 04/22/19- Rent
- Rent Per SQFT
- $1,575
- $1.00
-
9415 Alanbrooke St Temple Terrace, 5
- 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1985
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,650
- $1.02
PROPERTY LISTING DETAILS
1.305.509.9804
Julies Realty, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5886991
Last Updated: 08/24/2020
