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    2929 W Averill Avenue

    Tampa, FL 33611
    • $455,000
    • STATUS: Active
    • ON SITE: 18 days
    • MLS #: O5939552
    UPDATED: 70 min ago
    $455,000
    • 3
      BEDS
    • 0.23
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 1,538
      SQFT
    • $296
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1953
    County:
    Area:

    School Ratings & Info

    Description

    Fully Renovated, Cash Flowing Investment property! This house has it all, steps away from the open water and famous Bayshore Blvd. Great growth potential as South Tampa continues to outperform. Currently tenant occupied through March 2022, paying $2,750 including all utilities and landscaping. This is truly a passive investment as the owner only pays for property taxes!! Based on a gross rental income of $33,000 and approximately $3,000 for property taxes and 5% ($3,300) set aside for reserves we have the NOI as $26,700.Based on the projected NOI we are marketing the property as a DAY 1 CAP rate of 5.9% which is approximately 20% priced below market as currently Tampa investment properties are trading at a 5 CAP.Using traditional leverage @ 25% down on $450,000 with a 3.75% fixed 30 year mortgage your P&I monthly would be $1,563. Based on the projected NOI of $26,700 or $2,225 a month your monthly levered net cash flow is $662 or $7,944 for the year. Based on your down payment of $112,500 your cash on cash return would be 7.1%!!!! Not factoring in annual appreciation and rental growth. South Tampa saw over 18% in appreciation last year, based on T12 your proforma annual return would be nearly 25% cash on cash!!Please do not disturb the tenants. Contact for showing instructions.

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    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-05-12T14:41:48.483.
    www.theduncanduo.com/homes/116436453
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    2929 W Averill Avenue Tampa, FL 33611

    • Price: $455,000
    • Status: Active
    • Updated: 70 min ago
    • MLS #: O5939552
    3
    Beds
    3
    Baths
    0
    ½ Baths
    0.23
    Acres
    1,538
    SQFT
    $296
    $/SQFT
    1953
    Built
    Neighborhood:
    Bayhill Estates Add
    County:
    Hillsborough
    Area:
    Tampa
    Property Description
    Fully Renovated, Cash Flowing Investment property! This house has it all, steps away from the open water and famous Bayshore Blvd. Great growth potential as South Tampa continues to outperform. Currently tenant occupied through March 2022, paying $2,750 including all utilities and landscaping. This is truly a passive investment as the owner only pays for property taxes!! Based on a gross rental income of $33,000 and approximately $3,000 for property taxes and 5% ($3,300) set aside for reserves we have the NOI as $26,700.Based on the projected NOI we are marketing the property as a DAY 1 CAP rate of 5.9% which is approximately 20% priced below market as currently Tampa investment properties are trading at a 5 CAP.Using traditional leverage @ 25% down on $450,000 with a 3.75% fixed 30 year mortgage your P&I monthly would be $1,563. Based on the projected NOI of $26,700 or $2,225 a month your monthly levered net cash flow is $662 or $7,944 for the year. Based on your down payment of $112,500 your cash on cash return would be 7.1%!!!! Not factoring in annual appreciation and rental growth. South Tampa saw over 18% in appreciation last year, based on T12 your proforma annual return would be nearly 25% cash on cash!!Please do not disturb the tenants. Contact for showing instructions.
    Exterior Features

    Carport Spaces 2 Carport Yn Yes Construction Materials Other Direction Faces South Exterior Features French Doors Foundation Details Slab Parking Features Driveway Pool Private Yn No Roof ShakeShingle Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Appliances CooktopDishwasherElectric Water HeaterFreezerIce MakerMicrowaveRangeRefrigerator Cooling Central Air Fireplace Yn No Flooring Ceramic TileVinyl Heating Central Interior Features Solid Surface CountersSplit BedroomWalk-In Closet(S) Levels One Room Count 3 Room Dimensions Living Room (10x15) Kitchen (10x10) Master Bedroom (10x10) Room Levels Living Room (First) Kitchen (First) Master Bedroom (First) Rooms Living Room Kitchen Master Bedroom Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Association Approval Required Yn No Association Yn No Available For Lease Yn Yes Cdd Yn No Days Notice To Tenant If Not Ren 30 Days DPR Yes Flood Zone Code Ae Garage Yn No Homestead Yn No Minimum Lease No Minimum Month To Month Or Weekly Yn No New Construction Yn No Pets Allowed Yes Property Sub Type Single Family Residence Senior Community Yn No Special Listing Conditions None Tax Annual Amount 1438.00 Tax Year 2020 Utilities Electricity ConnectedWater Available Yrs Of Owner Prior To Leasing Re No Zoning Rs-60


    Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Blue Lighthouse Realty Inc.



    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-05-12T14:41:48.483.
     
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    The Duncan Duo Team | RE/MAX Dynamic
    6320 S Dale Mabry Hwy
    Tampa FL, 33611