This is a superior, family friendly location very close to the University of South Florida and several major medical centers including the world class Florida Hospital Tampa.
This is a spacious home with a huge enclosed patio and large front and back gardens. Estimated rent is $1,400 per month which should equate to over $10,000 per year net after management fees, insurance, property taxes and reserves.
Despite having easy access to downtown Tampa and wide range of malls, universities, amusement parks and restaurants, this is a very quiet and leafy neighborhood. Most of the residents are solid, long term families. Indeed, the person we purchased this from had been living here for 25+ years. Rental demand and tenant quality in this area is very high and I would not be at all surprised if a local family rented this home for many years.
|Address||1709 Marvy Ave|
|Tampa, FL 33612|
|Swimming Pool||Hot tub in enclosed patio|
|Sq Ft||1474 heated / 2108 total|
|Estimated Income & Overheads|
|Target Annual Rent||$16,800|
|Target Monthly Rent (A)||$1,400|
|Home Insurance Estimate||$1,000|
|Maintenance Reserves (5%)||$840|
|Vacancy Reserves (5%)||$840|
|Monthly Overheads (B)||$563|
|Est. Net Monthly Income (A-B)||$837|
|Est. Net Annual Income||$10,043|
|Est. Cash on Cash Return||6.4%|
|Building Schematic||Click here|
|Google Map||Click here|