Tampa 3/2 Rental with Equity | EquityPro
76
10.41% Estimated APY
$39,900 Investor Price
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Tampa 3/2 Rental with Equity

3 bed / 2 bath1,070 sq ft Built in 1943Single Family
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1205 E River Cove Street, Tampa, FL 33604
76
Occupancy Status
Low High
19/20
Level of Rehab
Heavy Light
11/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

This 3 bedroom, 2 bathroom Tampa rental is located just 1 block from River Cove Park. The property will require a new roof, A/C system, treatment for termites, and some foundation repairs. The property is currently occupied but will be empty upon closing. With a conservative rental rate of $925, your return will be over 10%. There are similar residences in this neighborhood renting for over $950. The property has plenty of equity with an ARV of $120k. Contact your EquityPro advisor today for more information and to schedule a showing.

We recommend rent
Rental Income
$925 mo. / $11,100 yr.
Investor Price
$39,900
Closing Costs to Buy
$2,500
Rehab Projection
$36,900
Utilities
$400
Property Insurance
$900 / yr.
Estimated Taxes
$541 / yr.
Property Management
$1,110 / yr.
Maintenance
$250 / yr.
HOA Dues
$0 / yr.
$8,299
Projected Income
10.41%
Estimated APY
After Repair Value
$120,000
Investor Price
$39,900
Closing Costs to Buy
$2,500
Rehab Projection
$60,150
Utilities
$400
Closing Costs to Sell
$2,500
Listing Agent Commission
$4,000
$10,550
Total Projected Profit
9.64%
Estimated ROI

Comps

Listed
Pending
Sold
**Rental Comp Leased** 7813 N MULBERRY ST, TAMPA, FL 33604 $995
3 bed / 2 bath 919 sq ft Sold 02/24/17
**Rental Comp Leased** 8117 N KLONDYKE ST, TAMPA, FL 33604 $975
3 bed / 2 bath 1,122 sq ft Sold 06/21/17
8007 N BROOKS ST TAMPA 33604 $125,000
2 bed / 1 bath 936 sq ft Sold 02/23/17
8001 N 13TH ST TAMPA 33604 $145,000
3 bed / 2 bath 1,296 sq ft Sold 07/28/17
Flip Rehab Details
Grounds
Lawn/Mulch beds
$1,000.00
landscaping + tree trimming
Exterior
Exterior Paint
$1,200.00
Roof
$8,000.00
Windows / Screens
$1,500.00
Exterior doors
$750.00
Other
$1,000.00
misc. repairs
Foundation
$10,000.00
Systems
Inside Air Handler
$3,000.00
Outside Air Condensor
$3,000.00
Other
$1,000.00
misc. repairs
Interior
Interior paint
$1,200.00
Hardwood flooring
$5,000.00
Kitchen cabinets
$2,500.00
Kitchen countertops
$2,000.00
Kitchen appliances
$2,000.00
Bathroom vanity
$6,000.00
update both bathrooms
Light fixtures/Outlets
$1,000.00
Other
$250.00
professional cleaning
Closet/Interior doors
$1,000.00
Window coverings
$750.00
Other
$8,000.00
Termite treatment
Rent Rehab Details
Grounds
Lawn/Mulch beds
$1,000.00
landscaping
Trash removal
$500.00
Exterior
Roof
$8,000.00
Exterior Paint
$1,200.00
Foundation
$10,000.00
Level foundation
Systems
Inside Air Handler
$3,000.00
Outside Air Condensor
$3,000.00
Interior
Interior paint
$1,200.00
Light fixtures/Outlets
$1,000.00
Other
$8,000.00
Termite Treatment