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11405 Robles Del Rio Pl Temple Terrace, FL 33617

3 Beds 2 Baths 1,681 sqft Built 1983

$269,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $160.02
  • 7 Days on Market
  • MLS # : T3288277
  • Updated Date : 02/09/2021 at 13:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,681 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

Very open and inviting River Landing villa home - 2 bedrooms, den & 2 full baths - notice the vaulted ceiling and fireplace at entry - both baths have been updated with safety features - 12x15 master features TWO mirrored closets and access to screened patio - sliding door access to 13x11 patio from 3 rooms - a/c 2011, garage door 2015, both roofs 2018 , tile floors except 2nd bedroom and den, private backyard courtyard well landscaped - oversized double car garage - bring the golf cart. Very special Temple Terrace neighborhood with a low HOA of $185 and includes maintenance of grounds, 7 acre park, boat/RV storage, pool, tennis court, walking trail and dock/gazebo on the Hillsborough River. Convenient to I75, USF, Busch Gardens and many medical and professional facilities. You may also want to tour the Temple Terrace Golf & Country Club, the Temple Terrace Family Recreation Center and many parks nearby. Floorplan available at your request.

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Temple Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k245k

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

Neighborhood: Temple Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781654

* 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
Lewis Elementary School Primary Regular 818 65 4
Greco Middle School Middle Regular 862 57 1
King High School High Magnet 1,889 106 4

Lewis Elementary School

  • Education Level: Primary
  • # of students: 818
  • # of teachers: 65
4
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
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$934
Property Tax -$319
Property Insurance -$133
HOA -$185
Property Management Fees -$129
CASH FLOW
$0

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.

$269,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.0%
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$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$12k

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$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$17,555

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,687

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,7004$1,795
$1,795
RENT COMPS ANALYSIS
  • 11405 Robles Del Rio Pl Temple Terrace, FL 3
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
  • 9832 Morris Glen Way Temple Terrace, FL 1
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2000
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
  • 9415 Alanbrooke St Temple Terrace, FL 2
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1985
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 6228 Soaring Ave Temple Terrace, FL 4
    • 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1984
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
PROPERTY LISTING DETAILS
Gloria Kares
1.813.245.3424
Coldwell Banker Residential
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288277
Last Updated: 02/09/2021
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