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10554 65th Ave Seminole, FL 33772

3 Beds 2 Baths 1,646 sqft Built 1980

$349,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $212.58
  • 5 Days on Market
  • MLS # : U8109875
  • Updated Date : 01/14/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,646 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

Welcome home to this beautiful property. This three bedroom two bath home has so much to offer for a new buyer. This three bedroom two full bath home is located on a quiet end of the street and offers a split floor plan which has been updated with soft gray and light tones. This home offers an open feel throughout the home and is very spacious . The living area also includes a wood burning fireplace to enjoy family and social time in front of the fire. The kitchen is stunning with all stainless LG appliances, bright white cabinetry, gorgeous granite countertops throughout that also provides room for bar stools for an additional eat in area. You will enjoy the spacious yard which has easy access to the Pinellas Trail and plenty of additional parking for either a boat or an RV. In addition to the many upgrades there is a newer roof (replaced in 2017) and newer windows (2018). This home is very centrally located with easy access provided to schools, shopping at Seminole City Center, VA hospital, the Pinellas Trail and just a short distance to the white sandy beaches that are well known in our area. Call me today to schedule your showing.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 33772

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k256k

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

Zip Code: 33772

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
Orange Grove Elementary School Primary Regular 355 25 9
Osceola Middle School Middle Regular 1,162 65 5
Seminole High School High Regular 2,133 103 5

Orange Grove Elementary School

  • Education Level: Primary
  • # of students: 355
  • # of teachers: 25
9
GreatSchools Rating

Osceola Middle School

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

Seminole High School

  • Education Level: High
  • # of students: 2,133
  • # of teachers: 103
5
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,215
Property Tax -$382
Property Insurance -$132
Property Management Fees -$129
CASH FLOW
$102

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.

$349,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.56%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$35,532

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,971

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,8003$1,9604$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 10554 65th Ave Seminole, FL 3
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.19
    •  
  • 10791 64th Ave Seminole, FL 1
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1960
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.21
    •  
  • 10291 Blossom Lake Dr Seminole, FL 2
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1964
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.12
    •  
  • 10821 Freedom Blvd Seminole, FL 4
    • 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1961
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
  • 11400 Walker Ave Seminole, FL 5
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1964
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.29
    •  
PROPERTY LISTING DETAILS
Belinda Sawyers
1.727.804.3960
Coldwell Banker Residential
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109875
Last Updated: 01/14/2021
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