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9312 N 28th St Tampa, FL 33612

3 Beds 1 Baths 1,525 sqft Built 1983

$178,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

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

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: Northeast Tampa

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $50k238k

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

Neighborhood: Northeast Tampa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600Rent in $6271613

* 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
Van Buren Middle School Middle Regular 541 46 1
Wharton High School High Regular 2,261 128 4

Van Buren Middle School

  • Education Level: Middle
  • # of students: 541
  • # of teachers: 46
1
GreatSchools Rating

Wharton High School

  • Education Level: High
  • # of students: 2,261
  • # of teachers: 128
4
GreatSchools Rating
 

$160,200$195,800$178,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

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

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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,920

INVESTMENT

$52,920

Down Payment
$44,500
Rehab Estimate
$5,750
Closing Costs
$2,670

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,500
Loan Amount $133,500
See What Happens When You Reinvest Cash Flow

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
$1,300
1$1,3002$1,3953$1,3994$1,4455$1,650
$1,650
RENT COMPS ANALYSIS
  • 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
Ady Or Adibe Ramos
1.813.362.9099
Realty One Group Advantage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3265937
Last Updated: 11/22/2020
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