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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $166.67
- 4 Days on Market
- MLS # : U8111323
- Updated Date : 01/29/2021 at 09:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,260 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
UNBEATABLE location in the city of Tampa. Feel like you live in the suburbs with the convenience of the urban lifestyle. The neighborhood is well kept and maintained- it feels like home. Walk up to the immaculately maintained outside and through the front door into your new house. Inside, the house offers an ideal layout for a three bedroom home. There's a ton of open space and high ceilings, which makes the home feel larger than it is. The newly updated kitchen is ideal for any family, perfect for the chefs and entertaining with beautiful countertops, stainless steel appliances, and a gas oven & range. Spend time cooking with the family, then walk outside, and enjoy the expansive backyard that is perfect for grilling & entertaining with friends. A vinyl privacy fence encloses the backyard with plenty of room for a fire pit or outdoor deck. The bedrooms are freshly painted, and the bathrooms are beautifully updated. Living on this street in Tampa offers convenience, security, and peace & quiet even though you're in the city. Close enough to 275 and 75 to make for an easy commute, but not too close to attract extra traffic or noise. The neighborhood is quiet and well kept due to the minimal HOA. Enjoy having Publix less than a mile away, many local restaurants, gyms, Busch Gardens, USF, and much more right around the corner. Come check out this beautiful, ideal home before it's gone!
SEE MORE
- #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: Temple Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Temple Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$729 |
| Property Tax | -$266 | |
| Property Insurance | -$109 | |
| HOA | -$42 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$95
|
||
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.
$210,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 14.5% |
| 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
$61,400
LOAN DETAILS
$729
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $52,500 |
| Loan Amount | $157,500 |
8.25
YEARS SAVED
$22,327
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,285
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
8724 Busch Oaks St Tampa, FL 4
- 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,370
- $1.09
-
5115 Chilkoot St Tampa, FL 1
- 3 beds 2 baths ∙ 1,073 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,073 Sqft ∙ Built 1979
LEASED 12/05/20- Rent
- Rent Per SQFT
- $1,095
- $1.02
-
10225 N Ojus Dr Tampa, FL 2
- 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1980
LEASED 08/22/19- Rent
- Rent Per SQFT
- $1,200
- $1.03
-
6218 Rolling Hammock Pl Tampa, FL 3
- 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 1997
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,300
- $0.99
-
5102 Holland Ave Temple Terrace, FL 5
- 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1978
LEASED 08/25/19- Rent
- Rent Per SQFT
- $1,500
- $1.04
PROPERTY LISTING DETAILS
1.813.382.9876
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8111323
Last Updated: 01/29/2021
