1709 Marvy Ave, Tampa, FL 33612

$157,900
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Description

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
Purchase Price $157,900
Beds 2
Baths 2
Garage 0
Swimming Pool Hot tub in enclosed patio
Sq Ft 1474 heated / 2108 total
Year Built 1960
Flood Zone X
Estimated Income & Overheads
Target Annual Rent $16,800
Target Monthly Rent (A) $1,400
Management (8%) $1,277
Estimated Taxes $2,800
Home Insurance Estimate $1,000
Maintenance Reserves (5%) $840
Vacancy Reserves (5%) $840
Annual Overheads $6,757
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

Location

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