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 1981
- Price/Sqft : $210.80
- 5 Days on Market
- MLS # : U8112055
- Updated Date : 02/05/2021 at 10:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,703 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Residential
Listing Agent's Description
This lovingly maintained 3 BR/2BA home in Seminole is situated on a quiet street with mature landscaping. The welcoming arched front porch and deck make a great gathering spot. Upon entering you’ll notice the spacious family room, vaulted ceiling and open kitchen that features stainless steel appliances, granite counters and a large breakfast bar. The dining room is conveniently located next to the kitchen for easy entertaining and has a closet for extra storage. Sliders in the family room open to the large screened lanai that also has a hot tub for relaxing and unwinding, and fenced back yard. The split floor plan features a master bedroom with vaulted ceilings, ample closet space and the en-suite has a large vanity, granite counters and a tub/shower combo. The two guest rooms also have vaulted ceilings and have plenty of closet space and the bath has a walk-in shower and access to the lanai and hot tub. The laundry room and utility sink is located in the large 2 car garage that also has access to the side yard. This one won’t last.
SEE MORE
- 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: 33778
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33778
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,247 |
| Property Tax | -$392 | |
| Property Insurance | -$135 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$53
|
||
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.
$359,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$100,885
LOAN DETAILS
$1,247
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,750 |
| Loan Amount | $269,250 |
5.5
YEARS SAVED
$21,339
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,988
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
11405 102nd Ct Seminole, FL 2
- 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,850
- $1.09
-
11040 104th Ave Seminole, FL 1
- 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1972
LEASED 09/26/19- Rent
- Rent Per SQFT
- $1,800
- $1.18
-
10821 Freedom Blvd Seminole, FL 3
- 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
-
11783 112th Ave Seminole, FL 4
- 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1979
LEASED 01/06/21- Rent
- Rent Per SQFT
- $2,000
- $1.20
-
11047 112th Ave Seminole, FL 5
- 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 1982
LEASED 01/16/20- Rent
- Rent Per SQFT
- $2,150
- $1.12
PROPERTY LISTING DETAILS
1.727.432.9019
Coldwell Banker Residential
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8112055
Last Updated: 02/05/2021
