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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33777
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
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
-
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
1.727.216.9441
Keller Williams Gulfside Rlty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8108596
Last Updated: 01/02/2021
