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11216 Garfield Ct Seffner, FL 33584

4 Beds 2 Baths 1,708 sqft Built 1979

$254,900

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $149.24
  • 2 Days on Market
  • MLS # : T3275769
  • Updated Date : 11/14/2020 at 18:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,708 sqft
  • Baths : 2 full
Listing Agent

Ritter Realty Llc

Listing Agent's Description

4 bedroom 2 bath with a pool in a nice neighborhood with easy access to anywhere you want to go. Close to I-75 & I-4. Tired of the 45 min. commute from Brandon to Riverview, this home is your answer. No HOA or CDD fees, developing community has lots to offer. The home has been recently painted inside and out, newer HVAC within 3 years, brand new range, new all wood kitchen pantry, remodeled laundry room with 2 year old washer and dryer. Brand new tile floors in most of the home, remodeled bathrooms, double pane energy efficient windows and slider. Brand new Tuff shed, New closet doors, new pool pump and motor, Lanai is completely screened with a freshly painted floor, new vinyl fencing within the last year. Fixing the home up for our retirement home, job promotion creates need to move. You'll love this home, make sure and check out the "My Home" Notebook in the kitchen.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Mango Elementary School Primary Regular 849 62 2
Jennings Middle School Middle Regular 770 58 2
Armwood High School High Regular 1,809 104 3

Mango Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 62
2
GreatSchools Rating

Jennings Middle School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 58
2
GreatSchools Rating

Armwood High School

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

$229,410$280,390$254,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$940
Property Tax -$325
Property Insurance -$136
Property Management Fees -$80
CASH FLOW
$9

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.

$254,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$940

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$22,436

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,601

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4654$1,4905$1,499
$1,499
RENT COMPS ANALYSIS
  • 11216 Garfield Ct Seffner, FL 4
    • 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.87
    •  
  • 5233 Presidential St Seffner, FL 1
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1983
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 4709 Limerick Dr Tampa, FL 2
    • 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,410 Sqft ∙ Built 1994
    property image
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
  • 4205 Orange St Seffner, FL 3
    • 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1978
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.92
    •  
  • 1616 Palm Leaf Dr Brandon, FL 5
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1986
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.85
    •  
PROPERTY LISTING DETAILS
Loyal Ritter
1.813.770.1748
Ritter Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275769
Last Updated: 11/14/2020
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