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10802 N 53rd St Temple Terrace, FL 33617

3 Beds 2 Baths 1,041 sqft Built 1981

$217,900

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $209.32
  • 2 Days on Market
  • MLS # : W7828955
  • Updated Date : 12/06/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,041 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Charming 3 bedroom, 2 bathroom, single story home in Temple Terrace. Upon arriving at this home, you are welcomed into a foyer that immediately opens to a spacious family room that features crown molding, laminate floors, and a large picture window allowing for plenty of natural light. Continuing through the family room, you have a cozy kitchen that has tile countertops, flat top range, dishwasher, and a breakfast nook with double doors leading to the screened porch. Off the family room hallway you will find the large primary bedroom that features laminate flooring and an en suite bathroom with a vanity sink and walk-in shower. The home is complete with an 2 additional bedrooms and full bathroom with a shower/tub combo. In the rear of the home, you can relax on the large screened porch overlooking the privacy fenced backyard. Located in Temple Terrace, this home is convenient to shopping, restaurants, I-75, and I-275 for an easy commute to Downtown Tampa and surrounding areas

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: 40th Street Corridor

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $52k245k

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

Neighborhood: 40th Street Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391654

* 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
Temple Terrace Elementary School Primary Regular 604 48 2
Greco Middle School Middle Regular 862 57 1
King High School High Magnet 1,889 106 4

Temple Terrace Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 48
2
GreatSchools Rating

Greco Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 57
1
GreatSchools Rating

King High School

  • Education Level: High
  • # of students: 1,889
  • # of teachers: 106
4
GreatSchools Rating
 

$196,110$239,690$217,900

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$804
Property Tax -$258
Property Insurance -$96
Property Management Fees -$129
CASH FLOW
-$27

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.

$217,900

PROJECTED PRICE

$1,260

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,494

INVESTMENT

$63,494

Down Payment
$54,475
Rehab Estimate
$5,750
Closing Costs
$3,269

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,475
Loan Amount $163,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$15,571

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,076

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2603$1,3204$1,445
$1,445
RENT COMPS ANALYSIS
  • 10802 N 53rd St Temple Terrace, FL 2
    • 3 beds 2 baths ∙ 1,041 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,041 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $1.21
    •  
  • 10225 N Ojus Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,165 Sqft ∙ Built 1980
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.03
    •  
  • 8607 N Orangeview Ave Tampa, FL 3
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.99
    •  
  • 4113 E Okara Rd Tampa, FL 4
    • 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,338 Sqft ∙ Built 1971
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.08
    •  
PROPERTY LISTING DETAILS
Joe Locicero
1.813.435.5411
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828955
Last Updated: 12/06/2020
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