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1209 Tulipwood Dr Seffner, FL 33584

3 Beds 2 Baths 1,425 sqft Built 1980

$199,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $139.65
  • 4 Days on Market
  • MLS # : T3283376
  • Updated Date : 01/09/2021 at 06:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,425 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty Fl Llc

Listing Agent's Description

Lucky you to find a home under $200k! Highlights include fenced backyard, NO CARPET, newer appliances with updated kitchen and bathrooms. Fans in all rooms. Water softener included. The bonus area could easily be enclosed to make an additional bedroom. Cute peek a boo wall cut out in eat in kitchen area. Sliders lead to backyard where a shed is included.

SEE MORE

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

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
 

$179,100$218,900$199,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$691
Property Tax -$254
Property Insurance -$119
Property Management Fees -$129
CASH FLOW
$307

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.

$199,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.75%

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$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,485

INVESTMENT

$58,485

Down Payment
$49,750
Rehab Estimate
$5,750
Closing Costs
$2,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$691

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,750
Loan Amount $149,250
See What Happens When You Reinvest Cash Flow

13.5

YEARS SAVED

$42,728

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,575

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5003$1,5504$1,5995$1,625
$1,625
RENT COMPS ANALYSIS
  • 1209 Tulipwood Dr Seffner, FL 2
    • 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
  • 1311 Oak Valley Dr Seffner, FL 1
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1979
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.04
    •  
  • 1221 Sagamore Dr Seffner, FL 3
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1976
    property image
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.15
    •  
  • 1005 Park St Seffner, FL 4
    • 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1976
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.07
    •  
  • 1101 Melrose St Seffner, FL 5
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.16
    •  
PROPERTY LISTING DETAILS
Rhonda Ryals
1.813.368.6759
Fathom Realty Fl Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283376
Last Updated: 01/09/2021
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