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10045 85th Way Seminole, FL 33777

3 Beds 2 Baths 1,214 sqft Built 1978

$299,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $247.03
  • 2 Days on Market
  • MLS # : U8108596
  • Updated Date : 01/02/2021 at 15:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,214 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Gulfside Rlty

Listing Agent's Description

LOOK NO FURTHER, THIS IS THE ONE! Beautifully updated 3 Bedroom 2 Bath home. As you walk through the Beautiful kitchen with custom hand built red oak cabinets, granite countertops, "Touchless kitchen faucet, all newer high-in stainless steel appliances, with beautiful tile floors and backsplash. Both Bathrooms updated in 2020, including shower, tub, toilets, sinks, faucets and tile. Bedrooms with beautiful ceiling fans and custom built vented closet system. This home also has Bamboo floors throughout, all popcorn ceilings removed placed with knockdown finish, A/C system only 5 years old with newer duct work and vents in 2019. Exterior features include, newer vinyl soffit and fascia, gutters, white vinyl fencing leas than 5 years old, 3 dimensional shingled roof in 2015, and exterior receptacles updated to GFCI, Irrigation system with deep well. So much more come see for yourself, this will not last long, close to shopping, schools and minutes from the beaches. Call for a private showing today!

SEE MORE

MARKET HIGHLIGHTS

  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)

PRICE & RENT TRENDS

Zip Code: 33777

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $79k256k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 33777

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781803

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Starkey Elementary School Primary Regular 615 42 7
Osceola Middle School Middle Regular 1,162 65 5
Dixie M. Hollins High School High Regular 1,826 104 4

Starkey Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 42
7
GreatSchools Rating

Osceola Middle School

  • Education Level: Middle
  • # of students: 1,162
  • # of teachers: 65
5
GreatSchools Rating

Dixie M. Hollins High School

  • Education Level: High
  • # of students: 1,826
  • # of teachers: 104
4
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,107
Property Tax -$377
Property Insurance -$107
Property Management Fees -$129
CASH FLOW
$1

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$299,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$26,640

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,720

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $1,426

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,6003$1,6504$1,6955$1,720
$1,720
RENT COMPS ANALYSIS
  • 10045 85th Way Seminole, FL 5
    • 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.42
    •  
  • 8714 Pelican Ln Seminole, FL 1
    • 3 beds 1 baths ∙ 1,136 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,136 Sqft ∙ Built 1958
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.23
    •  
  • 8701 Magnolia Dr Seminole, FL 2
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1959
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
  • 9043 109th Ave Seminole, FL 3
    • 4 beds 2 baths ∙ 1,392 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,392 Sqft ∙ Built 1972
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.19
    •  
  • 9099 108th Ave Largo, FL 4
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1977
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.17
    •  
PROPERTY LISTING DETAILS
Dennis Straight
1.727.216.9441
Keller Williams Gulfside Rlty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108596
Last Updated: 01/02/2021
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