About 2004 E 15th Avenue
Financial Summary • Purchase Price: $1,500,000 • Net Operating Income (NOI): $132,671.65 • Annual Debt Service: $45,508.90 • Cash Flow (Before-Tax): $87,162.75 Investment Metrics Cap Rate 8.85 This is still strong, especially for multifamily in many markets. Typically, anything above 7–8 is attractive. Cash-on-Cash Return - Assuming 20 down payment = $300,000:Cash-on-Cash Return=29.05 This is excellent — high CoC returns like this are uncommon in many real estate markets. Debt Coverage Ratio (DCR)=2.92 Conclusion At a $1.5M price point, this is a robust investment: • 8.85 Cap Rate — solid and above average • 29 Cash-on-Cash Return — very high • Excellent DCR — well above lending safety thresholds. This deal remains highly favorable, with its excellent location, condition, and long-term growth potential.
Features of 2004 E 15th Avenue
| MLS® # | O6293394 |
|---|---|
| Price | $1,500,000 |
| Bedrooms | 16 |
| Bathrooms | 8.00 |
| Square Footage | 5,160 |
| Acres | 0.48 |
| Year Built | 1953 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Listing Details
| Office | SAND DOLLAR REALTY GROUP INC |
|---|
Listing Map
Neighborhood Information for 2004 E 15th Avenue
Moderate Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Academy Prep Center Of Tampa Private - 5Th Grade to 8Th Grade - Closest Middle School |
0 Miles | |
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Delia Sanchez Full Service School Public - to |
1 Miles | |
|
|
Kingdom Purpose Teach One Reach One Private - to |
1 Miles | |
|
Shore Elementary Magnet School Public - Kindergarten to 5Th Grade - Closest Elementry School |
1 Miles | |
|
|
Orange Grove Middle Magnet School Public - 6Th Grade to 8Th Grade |
1 Miles | |
|
|
Ese Birth Thru Age 5 Public - Preschool to Preschool |
1 Miles | |
|
|
King's Kid Christian Academy Private - Preschool to Kindergarten |
1 Miles |
School data provided by GreatSchools