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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $135.12
- 3 Days on Market
- MLS # : T3291353
- Updated Date : 02/20/2021 at 07:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,700 sqft
- Baths : 2 full
Listing Agent
Charles Rutenberg Realty Inc
Listing Agent's Description
JUST LISTED! - Welcome Home! Take advantage of this property located in the center of Tampa, close to the Tampa airport, downtown, I-4, 1-275, 1-75, and Tampa Premium Outlets. NO HOA, NO CDD. You can put your RV or boat with no problem because of the large and completely fenced lot. This property includes all the appliances, including the washer and dryer. The kitchen is brand new with new cabinets, extractor, and backsplash. The floor made of ceramic tile is spectacular. It has a huge backyard, especially at the sides. The house has a metallic roof that lasts up to 50 years, which was placed in 2001 (It has about 30 more years to live); the AC works very well, the water heater is in excellent condition, and the electricity has been completely renewed. The house is very well maintained. This is the chance you have been waiting for. Call now to set up an appointment to see the house today before it is gone! NO SIGN. The buyer must verify all measures and information. Due to Covid-19, we require everyone attending the showing to wear masks. Please avoid touching surfaces when possible. If you cannot make your appointment please cancel or reschedule through the ShowingTime system. By requesting a showing you agree to provide feedback in a timely manner to the seller. Property is owner occupied. Turn off all lights and secure doors when you leave.
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: Temple Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Temple Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$798 |
| Property Tax | -$282 | |
| Property Insurance | -$134 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$34
|
||
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.
$229,700
PROJECTED PRICE
$1,310
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| 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
$66,621
LOAN DETAILS
$798
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,425 |
| Loan Amount | $172,275 |
5.5
YEARS SAVED
$13,422
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,547
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
8506 Temple Park Dr Tampa, FL 2
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $1,310
- $0.77
-
9710 Beverly Dr Temple Terrace, FL 1
- 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1961
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,250
- $0.88
-
211 Willowick Ave Temple Terrace, FL 3
- 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1961
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,525
- $0.90
-
630 Holland Ave Temple Terrace, FL 4
- 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1959
LEASED 12/22/19- Rent
- Rent Per SQFT
- $1,675
- $0.90
-
628 Druid Hills Rd Temple Terrace, FL 5
- 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1960
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,850
- $0.96
PROPERTY LISTING DETAILS
1.407.222.6365
Charles Rutenberg Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291353
Last Updated: 02/20/2021
