🎥 Video Links Below for this Tampa Off-Market Beauty! 🎥 [Code: Tampa2]

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Watch the Video Bundle HERE

Why THIS deal??
  • ~$563/mo. cash flow once you can refi to 5.25% 
  • Cash flows at ~$435/mo. at today's rates of 6.0%

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  • 2 separate dwellings on one lot with 4 bedrooms and 2 full bathrooms (main house has 2 beds/1 bath and secondary house has 1 bedroom/1 bath)
  • Main dwelling can easily convert to a 3 bedroom/1 bathroom 
  • Almost all schools in this area will not be highly rated.  This is typical for the area and it does not prohibit rentability
  • Location has quick access to major commuting routes, shopping and schools
  • This location is highly desirable and in an area which is on a fast upward trajectory
  • Dani has personally owned in this area and recommends investing here
  • 1-Car garage for the main unit
  • Highly appreciating area with a strong rental market
  • Property is off-market and a single agent will be representing both parties
  • If there is not interest from a SDI investor, this will be going on the market next week
  • Fully renovated including new roofs and some mechanical updates as well as many cosmetic updates
  • The secondary house has a separate alleyway entrance
  • You can almost double your money in 5 years!! 
  • This is a HUGE opportunity in this metro with the cash flow, once rented! 
  • No HOA charges
  • #cashflow  #appreciation  #turnkey  #multiplex

Why should you consider this house / what makes it a good investment?

  • Built: 1950 (renovated 2024)
  • Size:1,912 square foot home(s)
  • Low Crime, Desirable Community, C 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: Tampa2

Property Specifications2Per Door
 Bedrooms32 main/1
 Bathrooms21.0
 Square Feet1912956
 Year Built1950Reno 2024
 Garage Size1Main house
 Schools Rating (scale 3-30, 30 is best)5 
Lot size (sq ft)11,025 

Purchase AssumptionsMy OfferPer Door
Offer used for analysis$385,000$192,500
Suggested offer (low)$385,000$192,500
Suggested offer (high)$398,000$199,000
Asking$398,000$199,000
Market Value (after improvements)$398,000 
Day-1 Equity$13,000
Estimated Improvements (lower)$2,000$1,000
Estimated Improvements (upper)$6,000$3,000
Estimated Closing Costs$7,700 
Estimated Mortgage Costs$5,390$2,695
Other Fees At Closing (pts, . . . )$2,6957%
Total Cost (estimated)$404,785$2,695

Financing Assumptions 
 Down Payment (%) 30%
 Down Payment Amount$115,500
 Financed Amount$269,500
 Interest Rate 6.000%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$1,616
 Cash Outlay (Total Out of Pocket) $135,285

Estimated Financial Assumptions
 MonthlyYearly
Rent (upper)*$3,150$3,300$39,600
Rent (lower)*$3,000$36,000
    
Property Taxes $400$4,800
Insurance $175$2,100
Repairs75$150$1,800
Property Management Monthly (%)9.0% 
Property Management Monthly ($)$284$3,402
Leasing Fee85%$111.6$1,339
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses$1,235$14,817
Total Expenses (Fixed + Mortgage)$2,851$34,206

Financial Analysis / Deal Attractiveness   
Years:5101520
 Cap Rate3.9%5.5%7.4%9.4%
 Net Cash Flow$26,129$74,745$149,729$255,611
 Equity Increase$104,946$235,104$396,799$598,028
 Total Gain$131,076$309,849$546,528$853,639
      
 Average Cash Flow/Year$5,226$7,474$9,982$12,781
 Average Cash Flow/Month$435$623$832$1,065
 Average Gain/Year$26,215$30,985$36,435$42,682
 Average ROI96.9%229.0%404.0%631.0%
 Annual ROI19.4%22.9%26.9%31.5%
 Projected Property Value$484,228$589,137$716,776$872,067

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools (scale of 3-30, 30 is the best) 145INSUFFICIENT
 Square Feet  1,0001,912FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19701950INSUFFICIENT
 Average Cash Flow (at year 5)  $125$435FAVORABLE
 Average ROI (at year 5)  15%19.4%FAVORABLE

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image.png  Secondary Dwelling

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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.