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PROPERTY INFO
FACTS
- Single Family
- Built In 1965
- Price/Sqft : $115.13
- 2 Days on Market
- MLS # : L4920549
- Updated Date : 01/30/2021 at 06:02
CONSTRUCTION
- Beds : 3
- Floor Size : 912 sqft
- Baths : 1 full
Listing Agent
Webpro Realty, Llc
Listing Agent's Description
INVESTMENT / FIXER UPPER - Block Home - Three Bedrooms, 1 Bath, Built 1965, Interior of the home is original. 912 SF Heated Space, Roof replaced 2006, AC replaced 2012 - Gas Propane for the Kitchen Stove. Nice big yard - .36 Acre - Metal / Open storage in back yard and 1 enclosed storage shed. Utility Rm on the back of the home with washer / dryer hookup. Location: Old Tampa Hwy / Airport Rd / Doc Gay Rd. Sold As-Is - Cash. Near Rooms-To-Go, Publix Warehouse, Amazon, I-4 - easy commute to Tampa.
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
Zip Code: 33803
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33803
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $900 |
| EXPENSES | Loan Payment | -$365 |
| Property Tax | -$136 | |
| Property Insurance | -$88 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$182
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$105,000
PROJECTED PRICE
$900
PROJECTED RENT
0.86%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.75% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.80% |
| 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
$33,575
LOAN DETAILS
$365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $26,250 |
| Loan Amount | $78,750 |
13.17
YEARS SAVED
$21,779
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$900
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$657
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
928 Doc Gay Rd Lakeland, FL 3
- 3 beds 1 baths ∙ 912 Sqft ∙ Built 1965 3 beds 1 baths ∙ 912 Sqft ∙ Built 1965
![property image]()
- Rent
- Rent Per SQFT
- $900
- $0.99
-
3339 Old Tampa Hwy Lakeland, FL 1
- 3 beds 1 baths ∙ 748 Sqft ∙ Built 1952 3 beds 1 baths ∙ 748 Sqft ∙ Built 1952
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $500
- $0.67
-
3512 Doreen Dr Lakeland, FL 2
- 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 1963
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $785
- $0.66
-
1015 Plateau Ave Lakeland, FL 4
- 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1952
![property image]()
LEASED 12/10/19- Rent
- Rent Per SQFT
- $1,015
- $0.83
PROPERTY LISTING DETAILS
1.863.602.8670
Webpro Realty, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: L4920549
Last Updated: 01/30/2021
