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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $116.72
- 73 Days on Market
- MLS # : T3265937
- Updated Date : 11/22/2020 at 12:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,525 sqft
- Baths : 1 full
Listing Agent
Realty One Group Advantage
Listing Agent's Description
Looking for income property or invest in real estate???? This is Your Opportunity! This property is located at 2 minutes from main Tampa Bay attractions like Bush Gardens, Mosi, University of South Florida, Lowry Park Zoo and more!!!! Main property have two bedrooms and one bathroom. Garage is ready to converted into a oversize room and Florida room was closed behind the house to have another room or rent it as a efficiency. No HOA or CDD!!! You can live in or rent it daily, weekly, monthly or yearly. As you walk to the patio please enjoy plenty space to add a shed, pool, playground or parking space. Don't wait, this listing would not last!!!!
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: Northeast Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northeast Tampa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$657 |
| Property Tax | -$214 | |
| Property Insurance | -$124 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$225
|
||
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.
$178,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.73%
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
$52,920
LOAN DETAILS
$657
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $44,500 |
| Loan Amount | $133,500 |
12.17
YEARS SAVED
$39,166
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,506
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
9312 N 28th St Tampa, FL 1
- 3 beds 1 baths ∙ 1,525 Sqft ∙ Built 1983 3 beds 1 baths ∙ 1,525 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,300
- $0.85
-
2014 E Linebaugh Ave Tampa, FL 2
- 4 beds 2 baths ∙ 1,370 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,370 Sqft ∙ Built 1984
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,395
- $1.02
-
8509 N 15th St Tampa, FL 3
- 4 beds 2 baths ∙ 1,377 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,377 Sqft ∙ Built 1984
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,399
- $1.02
-
2316 E Colby Ln Tampa, FL 4
- 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1963
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,445
- $0.93
-
9301 N 27th St Tampa, FL 5
- 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1981
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,650
- $0.98
PROPERTY LISTING DETAILS
1.813.362.9099
Realty One Group Advantage
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3265937
Last Updated: 11/22/2020
