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8724 Busch Oaks St Tampa, FL 33617

3 Beds 2 Baths 1,260 sqft Built 1997

$210,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
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

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: Temple Crest

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Temple Crest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
Kimbell Elementary School Primary Regular 542 52 1
Greco Middle School Middle Regular 862 57 1
King High School High Magnet 1,889 106 4

Kimbell Elementary School

  • Education Level: Primary
  • # of students: 542
  • # of teachers: 52
1
GreatSchools Rating

Greco Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 57
1
GreatSchools Rating

King High School

  • Education Level: High
  • # of students: 1,889
  • # of teachers: 106
4
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

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
$1,095
1$1,0952$1,2003$1,3004$1,3705$1,500
$1,500
RENT COMPS ANALYSIS
  • 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
Sean Bates
1.813.382.9876
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8111323
Last Updated: 01/29/2021
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