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9315 N 46th St Tampa, FL 33617

3 Beds 2 Baths 1,485 sqft Built 1964

$226,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $152.19
  • 7 Days on Market
  • MLS # : T3289127
  • Updated Date : 02/09/2021 at 08:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,485 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tampa Central

Listing Agent's Description

Great opportunity to own this 3 bedroom, 2 bathroom single family home located in the USF area of Tampa Bay. This property has had recent updates to include: stone counters in the kitchen, stainless steel appliances, upgraded lighting, laminate flooring throughout, and neutral paint. The home also features a car port, parking pad large enough for parking an additional car or entertaining guests, and a fenced back yard. The location is fabulous and close to the University of South Florida, Busch Gardens, Adventure Island, malls, restaurants, dining, hospitals, and public transportation. This one won't last long, call today to schedule your private tour!

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
King High School High Unknown NA

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

King High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$203,400$248,600$226,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$785
Property Tax -$272
Property Insurance -$122
Property Management Fees -$129
CASH FLOW
$92

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.

$226,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.62%

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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,640

INVESTMENT

$65,640

Down Payment
$56,500
Rehab Estimate
$5,750
Closing Costs
$3,390

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$785

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,500
Loan Amount $169,500
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$23,696

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,504

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3203$1,4004$1,4455$1,550
$1,550
RENT COMPS ANALYSIS
  • 9315 N 46th St Tampa, FL 3
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
  • 10225 N Ojus Dr Tampa, FL 1
    • 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
    •  
  • 8607 N Orangeview Ave Tampa, FL 2
    • 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 4
    • 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
    •  
  • 8301 N 46th St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1958
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
PROPERTY LISTING DETAILS
Christina Griffin
1.813.389.1847
Keller Williams Tampa Central
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289127
Last Updated: 02/09/2021
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