4400 W Iowa Ave

Tampa, FL 33616
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4 bd, 2 ba | 1,200 sqft | Built in 1956

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List Price
$398,888

Initial Investment

$108,697

Purchase Price

$398,888

Down Payment

25%

Rent

$2,800

Total Return

$223,650

Annualized Return

24.5%

Cap Rate

5.1%

Gross Yield

8.4%

Cash Flow

-$2,647

Appreciation

9.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,230

HOA

None

Flood Risk

Not Required

Welcome to this charming South Tampa Ranch Style Home! 1200 square feet, 4 Bedrooms, 2 Full Bathrooms, Carport, extra parking area, and a BEAUTIFUL oversized FENCED Backyard. This upgraded house can be a perfect first home, or a great investment property. New roof October 2023, brand new whole home re-pipe give you a total peace of mind, new kitchen November 2023 (including quartz countertop), all new stainless steal appliances, new interior and exterior paint job, new carport privacy fence, new knock down ceiling in great room, new pendant lights over the bar and dinning room, new remote controlled fan with light in living room. Air conditioning was replaced in 2022, water heater replaced in 2021, ceramic tile throughout the house with NO carpet, both bathrooms have been updated, all 4 bedrooms are good size and have nice closet space.
Right in the heart of Westshore Marina District, to say it's conveniently located is an under statement. You are literally only 10 minutes to downtown Tampa, 12 minutes to Tampa International Airport, 10 minutes to St Pete over Gandy Bridge, and Selmon Expressway will connect you to I4 in no time. Public boat ramp and docks are minutes away, so are everything you need in life! Publix, Walmart, Target, Lowe’s, Home Depot, and so much more. Westshore Marina and Marina Pointe are right down the road, Picnic Island Park is 10 minutes away, MacDill Air Force Base is 15 minutes away. Many fantastic restaurants right on the water, imagine watching the glorious sunset with a martini in your hand, and live music in the background, life can't get much better than this! No HOA, no CDD, no rental restrictions. Large yard has two entrances including one on the side directly from the street, you can pull you boat or jet ski right into your backyard! Plenty of space for a pool, and an expansion for your master bedroom. House can be sold fully furnished for a separate bill of sale, turn key Airbnb!

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$31,920

Expenses

-$5,682

Property Taxes

-$7,200

Loan Payments

-$21,686

Net Cash Flow

-$2,647

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Amy Williams
Agent License 3385239
LPT REALTY
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #T3513894
Last Updated: 03/28/2024 19:03
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