Singlefamily: 2 bedrooms , 1 bathroom

Year built: 1949, Size: 588 SF

Investment strategy: Rental Property

This quaint 2 bedrooms 1 bath property in Tampa is a great investment, turn-key with tenants in place. Within 10 minutes from the famous Ybor City and 10 minutes north of the Lowry Park Zoo. This property is in a perfect location.

Off Market Properties

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Purchase Price $ 115,000
Rent $ 900/mo
Monthly Cash Flow $ 732
Cash On Cash Return 7.58 %

Financial Analysis

Cash on Cash Return7.58 %
Internal Rate of Return (IRR)8.00 %
Capitalization Rate7.64 %
Gross Rent Multiplier (GRM)10.65
Debt-coverage Ratio (DCR)0.00
Operating Expense Ratio (OER)16.11 %

Financial Breakdown

Purchase Price$ 115,000
Purchase Costs$ 1,000
Repair/Construction Costs$ 0
$ 116,000
Financing$ 0
$ 116,000
$ 0
$ 116,000

Operating Analysis

Rent$ 900/mo
Gross Operating Income (GOI)$ 10,476
Total Expenses$ 1,688
Net Operating Income (NOI)$ 8,788
Annual Debt Service$ 0
Cash Flow Before Taxes (CFBT)$ 8,788
Income Tax Liability$ 1,361
Cash Flow After Taxes (CFAT)$ 7,427

Purchase Price$ 115,000
Address4603 N 18th St , Tampa, 33610, FL
MLS® #T3286261
Listing AgentVanessa Martin
Year Built1949
Size588 SF

Financial Measures

$ 15,453
8.00 %
Annual Depreciation$ 3,345

Holding period of 5 years and discount rate of 5.00% were used for calculation of NPV and IRR. The rest of the financial measures are for the 1st year only and therefore don’t provide such an exact information.