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10744 71st Ave Seminole, FL 33772

3 Beds 2 Baths 1,190 sqft Built 1960

$225,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $189.08
  • 2 Days on Market
  • MLS # : U8107104
  • Updated Date : 01/09/2021 at 15:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,190 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Gulf Beaches

Listing Agent's Description

This "Cute as a Button" HOME will be yours....if your QUICK!! This 3Bdrms/2Bath split floor plan Seminole home is centrally located to Beaches, Airports, Shopping, and Schools! This home features newly screened front porch with french doors to kitchen! Home is freshly painted with new vinyl flooring throughout most rooms! Open floor plan! Main bathroom with jacuzzi tub! Large fenced in backyard with newly poured patio that is large enough to host a backyard bbq! Washer and Dryer located in garage! Nice!!

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
Seminole Elementary School Primary Regular 641 45 4
Osceola Middle School Middle Regular 1,162 65 5
Seminole High School High Regular 2,133 103 5

Seminole Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 45
4
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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$782
Property Tax -$246
Property Insurance -$105
Property Management Fees -$129
CASH FLOW
$259

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.

$225,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.68%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$41,867

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $1,511

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4503$1,5204$1,5995$1,900
$1,900
RENT COMPS ANALYSIS
  • 10744 71st Ave Seminole, FL 3
    • 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.28
    •  
  • 11353 77th Ave Seminole, FL 1
    • 4 beds 1 baths ∙ 1,116 Sqft ∙ Built 1959 4 beds 1 baths ∙ 1,116 Sqft ∙ Built 1959
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.23
    •  
  • 11436 59th Ter Seminole, FL 2
    • 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1958
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.34
    •  
  • 10791 64th Ave Seminole, FL 4
    • 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
    •  
  • 11422 77th Ave Seminole, FL 5
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1959
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.30
    •  
PROPERTY LISTING DETAILS
Shannon West
1.727.557.8135
Keller Williams Gulf Beaches
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8107104
Last Updated: 01/09/2021
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