Your Future is Bright with this Tampa Home! [Code: 7807]
- ~$345/mo. cash flow once you can refi to 5.25%
- Cash flows at ~$175/mo. at today's rates of 6.875%
- Instant Equity of $40k+ with cosmetic improvements
- HIGHLY appreciating area!
- Single family home with 2 bedrooms and 2 bathrooms (This is ok and typical for this neighborhood)
- Price has already been reduced by $20K since original listing date
- Great location with quick access to major commuting routes, shopping and schools
- Highly appreciating area
- Dani has sold 3 homes over the years he wishes he held onto in this area because of appreciation
- Property has been on the market 83 days
- Cash offer will support an aggressive offer if possible
- Migration to Florida is high and demand for housing is even higher right now!
- Greater Tampa area have very similar school ratings,so this is very typical for the area
- No HOA charges
- Hard flooring in all major living spaces. Perfect for families and pets!
- Attached 1-car garage
Why should you consider this house / what makes it a good investment?
- Built: 1979
- Size: 1,314 square foot home
- Low Crime, Desirable Community, Average Tampa Rated Schools
What's next?
Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.
Metro: Tampa
Team: Tali – email directly at tmp1@simplydoit.net
Code: 7807
| Property Specifications | 1 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Square Feet | 1314 |
| Year Built | 1979 |
| Garage Size | 1 |
| Schools Rating (scale 3-30, 30 is best) | 7 |
| Lot size (sq ft) | 5950 |
| Purchase Assumptions | My Offer |
| Offer used for analysis | $232,000 |
| Suggested offer (low) | $225,000 |
| Suggested offer (high) | $232,000 |
| Asking | $240,000 |
| Market Value (after improvements) | $280,000 |
| Estimated Improvements (lower) | $5,000 |
| Estimated Improvements (upper) | $10,000 |
| Estimated Closing Costs | $2,320 |
| Estimated Mortgage Costs | $1,868 |
| Other Fees At Closing (pts, . . . ) | $1,624 |
| Total Cost (estimated) | $245,312 |
| Financing Assumptions | |||
| Down Payment (%) | 30% | ||
| Down Payment Amount | $69,600 | ||
| Financed Amount | $162,400 | ||
| Interest Rate | 6.875% | ||
| Mortgage Term (Years) | 30 | ||
| Monthly Mortgage Payment | $1,067 | ||
| Cash Outlay (Total Out of Pocket) | $82,912 | ||
| $1,850 | $1,900 | $22,800 | |
| Rent (lower)* | $1,800 | $21,600 | ||
| Property Taxes | $170 | $2,040 | ||
| Insurance | $120 | $1,440 | ||
| Repairs | 75 | $100 | $1,200 | |
| Property Management Monthly (%) | 9.0% | |||
| Property Management Monthly ($) | $167 | $1,998 | ||
| Leasing Fee | 85% | $65.5 | $786 | |
| HOA or Fixed Costs | $0 | $0 | ||
| Vacancy Rate | 4.0% | |||
| Total Fixed Expenses | 37% | $689 | $8,272 | |
| Total Expenses (Fixed + Mortgage) | $1,756 | $21,075 | ||
Disclaimer
Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.
The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.