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11405 102nd Ct Seminole, FL 33778

3 Beds 2 Baths 1,703 sqft Built 1981

$359,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
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.

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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: 33778

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $79k256k

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

Zip Code: 33778

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
Fuguitt Elementary School Primary Regular 609 44 3
Osceola Middle School Middle Regular 1,162 65 5
Seminole High School High Regular 2,133 103 5

Fuguitt Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 44
3
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
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

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

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

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
$1,800
1$1,8002$1,8503$2,0004$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 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
Martha Thorn
1.727.432.9019
Coldwell Banker Residential
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8112055
Last Updated: 02/05/2021
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