Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seffner Community Alliance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,299
LOAN DETAILS
$940
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,725 |
| Loan Amount | $191,175 |
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
-
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
1.813.770.1748
Ritter Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3275769
Last Updated: 11/14/2020
