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Home / Recent Properties / Investment Property: 3204 E 38th Ave. Tampa, FL 33610

Investment Property: 3204 E 38th Ave. Tampa, FL 33610

May 26, 2015 By Jorge Vazquez

This is a great investment property with a 12% Cap Rate and $7,422 Annual Cash Flow. It’s a 3 Bed / 1 Bath concrete block house that was built in 1961 that has 1026 sq/ft of heated/cooled living space.

Financial Details

Price:
$52,950
Closing Cost @ 3%:
$1,200
Rehab Cost:
$7,000

 

Rents For:
$925

 

Property Taxes:
$830
Insurance (10%):
$500
Property Management (10%):
$1,122
Vacancy and R&M (12%):
$1,346

 

Annual Cash Flow:
$7,422
Cap Rate factoring vacancy:
12%

Recent Real Estate Investment Property 3204 E 38th Ave. Tampa, FL 33610

To start working with us to invest in high cash flow rental properties, please fill out our Investor Profile or contact us direct.

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Recent Posts

  • How to Use an Escalation Clause When Buying a Home
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  • Questions to Consider About an Investment Property Before Buying
  • How Home Appraisals Impact Buyers and Sellers
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