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8326 Torrington Ave Tampa, FL 33647

3 Beds 2 Baths 1,600 sqft Built 1999

$299,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $186.88
  • 3 Days on Market
  • MLS # : W7829136
  • Updated Date : 12/12/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Wonderful 3 bedroom, 2 bathroom, 2 car garage single story home with a private pool in Tampa. Upon arriving at this home, you are welcomed into a foyer that leads to a spacious family room with hardwood floors, high ceilings and neutral gray paint. This home has an open concept floor plan with a living room/dinning room/kitchen combo. The kitchen is equipped with a breakfast bar, stainless steel appliances, medium brown shaker style cabinets, solid surface counters, and a large breakfast nook. Overlooking the kitchen is the dinning room with an energy efficient sliding door which leads to the backyard oasis, complete with outdoor kitchen, pool and screen enclosure. The primary bedroom features carpet, high ceilings, large walk-in closet, and an en suite bathroom with updated double sink vanity and trendy tile detail. Outside, you can relax on your screened patio or splash around in your pool all while enjoying a beautiful view of the pond. Located in Tampa, this home is convenient to shops, restaurants, and I-75 for an easy commute to Beaches and surrounding areas.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: West Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: West Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052071

* 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
Clark Elementary School Primary Regular 803 67 7
Liberty Middle School Middle Regular 1,202 68 6
Freedom High School High Regular 2,069 103 4

Clark Elementary School

  • Education Level: Primary
  • # of students: 803
  • # of teachers: 67
7
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 1,202
  • # of teachers: 68
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 2,069
  • # of teachers: 103
4
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,103
Property Tax -$360
Property Insurance -$129
HOA -$14
Property Management Fees -$129
CASH FLOW
$5

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.

$299,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$27,777

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,564

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,6954$1,7405$1,800
$1,800
RENT COMPS ANALYSIS
  • 8326 Torrington Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.09
    •  
  • 8308 Torrington Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2000
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 19124 Cypress Reach Ln Tampa, FL 2
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2003
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
  • 8509 Berch Hallow Ct Tampa, FL 3
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2004
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 8232 Stockton Way Tampa, FL 5
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2000
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
Joe Locicero
1.813.435.5411
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829136
Last Updated: 12/12/2020
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