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9315 N 46th St Tampa, FL 33617

3 Beds 1 Baths 1,277 sqft Built 1964

$179,900

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $140.88
  • 4 Days on Market
  • MLS # : T3277840
  • Updated Date : 11/26/2020 at 15:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,277 sqft
  • Baths : 1 full
Listing Agent

Chirino Real Estate

Listing Agent's Description

Affordable, 3 bedroom, 1 bath home with a detached garage and car port, on a corner lot. The home has been well maintained by one owner for over 50 years. The galley kitchen has solid wood cabinets. The appliances include; a refrigerator, dishwasher and range. The 208 sq ft porch was enclosed creating a large family room and indoor utility room. The central air conditioner is 4 years old and the roof is approximately 10 yrs old. The garage, has a separate, central A/C system making this the ideal workspace for any number of vacations or hobbies. The corner lot can accommodate parking for 5 cars. The original garage is 12x 22, and has double doors on both ends. A 400 sq ft carport abuts the garage adding significant covered workspace. No deed restrictions or HOA. Centrally located near to all conveniences, such as shopping mall, hospitals, USF, restaurants, interstate. Walking distance to Busch Gardens and Adventure Island.

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: Terrace Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Terrace Park

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
Greco Middle School Middle Regular 862 57 1
King High School High Magnet 1,889 106 4
Van Buren Middle School Middle Regular 541 46 1

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

Van Buren Middle School

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

$161,910$197,890$179,900

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$664
Property Tax -$217
Property Insurance -$110
Property Management Fees -$80
CASH FLOW
$110

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.

$179,900

PROJECTED PRICE

$1,180

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 10.9%
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$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$26,438

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,180

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,331

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,2003$1,2504$1,3205$1,445
$1,445
RENT COMPS ANALYSIS
  • 9315 N 46th St Tampa, FL 1
    • 3 beds 1 baths ∙ 1,277 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,277 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.92
    •  
  • 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
    •  
  • 5310 Rainbow Dr Temple Terrace, FL 3
    • 3 beds 1 baths ∙ 1,173 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,173 Sqft ∙ Built 1956
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.07
    •  
  • 8607 N Orangeview Ave Tampa, FL 4
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.99
    •  
  • 4113 E Okara Rd Tampa, FL 5
    • 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1971
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.08
    •  
PROPERTY LISTING DETAILS
Karen Fletcher
1.813.642.3325
Chirino Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277840
Last Updated: 11/26/2020
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