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

1144 Oakhill St Seffner, FL 33584

3 Beds 1 Baths 1,670 sqft Built 1980

$235,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $140.72
  • 3 Days on Market
  • MLS # : T3286025
  • Updated Date : 01/22/2021 at 15:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,670 sqft
  • Baths : 1 full
Listing Agent

Re/max Realty Unlimited

Listing Agent's Description

You won't believe this home when you see it!!! Roof installed in 2020, new flooring thru-out, updated A/C unit, kitchen cabinets, Screened lanai the list goes on. Don’t hesitate to put this home on your list so you don’t miss this charming home located in a Quiet Brandon neighborhood. Beautiful tile Opens to Living/Dining Room combo and into the kitchen. Located conveniently to shopping and highway access. Schedule your appointment to view.

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
Colson Elementary School Primary Regular 681 59 3
Burnett Middle School Middle Regular 869 62 3
Armwood High School High Regular 1,809 104 3

Colson Elementary School

  • Education Level: Primary
  • # of students: 681
  • # of teachers: 59
3
GreatSchools Rating

Burnett Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 62
3
GreatSchools Rating

Armwood High School

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

$211,500$258,500$235,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$816
Property Tax -$300
Property Insurance -$133
Property Management Fees -$129
CASH FLOW
$142

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.

$235,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.65%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$30,470

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,666

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,465
1$1,4652$1,4993$1,5204$1,5495$1,599
$1,599
RENT COMPS ANALYSIS
  • 1144 Oakhill St Seffner, FL 3
    • 3 beds 1 baths ∙ 1,670 Sqft ∙ Built 1980 3 beds 1 baths ∙ 1,670 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.91
    •  
  • 4205 Orange St Seffner, FL 1
    • 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1978
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.92
    •  
  • 1311 Oak Valley Dr Seffner, FL 2
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1979
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.04
    •  
  • 202 Nita Dr Seffner, FL 4
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1974
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.96
    •  
  • 1005 Park St Seffner, FL 5
    • 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1976
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.07
    •  
PROPERTY LISTING DETAILS
Aaron Bowen
1.813.777.6168
Re/max Realty Unlimited
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286025
Last Updated: 01/22/2021
BESbswy