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9411 W Perio Pl Tampa, FL 33612

3 Beds 2 Baths 1,200 sqft Built 1999

$240,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $200.00
  • 2 Days on Market
  • MLS # : T3289026
  • Updated Date : 02/06/2021 at 16:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent

Florida Luxury Realty Inc

Listing Agent's Description

Welcome Home!! This 3 bedroom, 2 bathroom concrete block home has everything you have been looking for, located in the desirable Historic Forest Hills - the only thing missing is YOU!! As you enter the home you will notice its wonderful open concept floor plan with living and kitchen combo. The kitchen has been completely updated with stainless steal appliances, beautiful bright cabinets and granite countertops. Laundry closet inside of home, washer and dryer INCLUDED. BRAND NEW ROOF 2020. This home is centrally located and minutes from Seminole Heights, Downtown, The Hillsborough River Walk, 275 and the Tampa airport. Come check out this hidden gem before its gone!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Forest Hills

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Forest Hills

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
Forest Hills Elementary School Primary Regular 1,053 75 1
Adams Middle School Middle Regular 1,017 75 2
Chamberlain High School High Regular 1,772 98 4

Forest Hills Elementary School

  • Education Level: Primary
  • # of students: 1,053
  • # of teachers: 75
1
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,017
  • # of teachers: 75
2
GreatSchools Rating

Chamberlain High School

  • Education Level: High
  • # of students: 1,772
  • # of teachers: 98
4
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$834
Property Tax -$289
Property Insurance -$105
Property Management Fees -$129
CASH FLOW
$23

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.

$240,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.2%
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-$2.0k$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$18,305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,395

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,3753$1,3804$1,6255$1,650
$1,650
RENT COMPS ANALYSIS
  • 9411 W Perio Pl Tampa, FL 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.15
    •  
  • 804 E Orchid Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,054 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,054 Sqft ∙ Built 1980
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.16
    •  
  • 8416 N Otis Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1989
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.12
    •  
  • 1405 W Yukon St Tampa, FL 4
    • 4 beds 2 baths ∙ 1,354 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,354 Sqft ∙ Built 1981
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.20
    •  
  • 7605 N Dixon Ave Tampa, FL 5
    • 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 2008
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.17
    •  
PROPERTY LISTING DETAILS
Krystal Lago
1.813.499.6238
Florida Luxury Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289026
Last Updated: 02/06/2021
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