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1016 Tiburon Dr Seffner, FL 33584

4 Beds 3 Baths 1,406 sqft Built 1977

INVESTimate

$209,000

List Price

$1,250

$1,125 - $1,375

Rent Est.

$224,278  ( +7.31%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $148.65
  • 2 Days on Market
  • MLS # : T3261352
  • Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,406 sqft
  • Baths : 3 full
Listing Agent

Century 21 Rosa Leon

Listing Agent's Description

Stop your car! This property has space for your toys. Bring your boat, your trucks. No HOA or CDD. Fully renovated with a brand new addition legally done. 4 bedrooms and 3 bathrooms with a new kitchen and new floors. New AC, new roof and almost all windows are new. Priced for a quick sale!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Seffner Community Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $85k238k

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

Neighborhood: Seffner Community Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8541590

* 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
Colson Elementary School Primary Regular 681 59 3
Burnett Middle School Middle Regular 869 62 3
Armwood High School High Regular 1,809 104 3

Colson Elementary School

  • Education Level: Primary
  • # of students: 681
  • # of teachers: 59
3
GreatSchools Rating

Burnett Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 62
3
GreatSchools Rating

Armwood High School

  • Education Level: High
  • # of students: 1,809
  • # of teachers: 104
3
GreatSchools Rating
 

$188,100$229,900$209,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$771
Property Tax -$266
Property Insurance -$118
Property Management Fees -$80
CASH FLOW
$15

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.

$209,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.31%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,135

INVESTMENT

$61,135

Down Payment
$52,250
Rehab Estimate
$5,750
Closing Costs
$3,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,250
Loan Amount $156,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$19,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,406

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3753$1,3854$1,4255$1,599
$1,599
RENT COMPS ANALYSIS
  • 1016 Tiburon Dr Seffner, 1
    • 4 beds 3 baths ∙ 1,406 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,406 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.89
    •  
  • 1317 Oak Valley Dr Seffner, 2
    • 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1979
    property image
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.04
    •  
  • 904 Chadsworth Ave Seffner, 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1979
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.99
    •  
  • 1007 Park St Seffner, 4
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1976
    property image
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.90
    •  
  • 1005 Park St Seffner, 5
    • 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1976
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.07
    •  
PROPERTY LISTING DETAILS
Aida Falla
1.813.703.5662
Century 21 Rosa Leon
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3261352
Last Updated: 08/26/2020
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