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11713 Mango Cross Ct Seffner, FL 33584

3 Beds 4 Baths 1,608 sqft Built 2003

$229,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $142.97
  • 4 Days on Market
  • MLS # : T3278852
  • Updated Date : 12/04/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,608 sqft
  • Baths : 3 full , 1 half
Listing Agent

People's Choice Realty Svc Llc

Listing Agent's Description

This home has 3 bedrooms, 3.5 baths, loft, 2 car garage, no back neighbors and a Brand New Roof!!! As you enter into the foyer which opens to the kitchen and living areas, the kitchen features oak cabinets, plenty of counter space, pantry, breakfast area and all appliances stay. Next to the kitchen is the formal dining room and spacious & bright family room with high ceilings and sliding doors to the lanai. The large master bedroom has a walk-in closet and a private bath with 2 sinks. Other features include large secondary bedrooms (one has a private bath), loft area, laminate flooring throughout the lower level living areas and carpet upstairs. The exterior features a covered and screened lanai overlooking the fenced yard with no back neighbors. This home has it all along with easy access to great schools, shopping, restaurants, MacDill AFB and everything Tampa Bay has to offer!

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: 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
Mango Elementary School Primary Regular 849 62 2
Burnett Middle School Middle Regular 869 62 3
Armwood High School High Regular 1,809 104 3

Mango Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 62
2
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
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$848
Property Tax -$293
Property Insurance -$130
HOA -$33
Property Management Fees -$129
CASH FLOW
$47

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.

$229,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.64%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$24,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,588

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4804$1,4955$1,625
$1,625
RENT COMPS ANALYSIS
  • 11713 Mango Cross Ct Seffner, FL 3
    • 3 beds 4 baths ∙ 1,608 Sqft ∙ Built 2003 3 beds 4 baths ∙ 1,608 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.92
    •  
  • 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
    •  
  • 11017 Connacht Way Tampa, FL 2
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1996
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.05
    •  
  • 4710 Dunquin Pl Tampa, FL 4
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1994
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.99
    •  
  • 5205 Mango Fruit St Seffner, FL 5
    • 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 2004
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.92
    •  
PROPERTY LISTING DETAILS
Ylivette Hoepelman
1.813.334.0005
People's Choice Realty Svc Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278852
Last Updated: 12/04/2020
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