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

12408 91st Ter Seminole, FL 33772

3 Beds 2 Baths 1,796 sqft Built 1979

$369,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1979
  • Price/Sqft : $205.46
  • 19 Days on Market
  • MLS # : U8101611
  • Updated Date : 10/31/2020 at 08:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,796 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

First, notice the great curb appeal and then step into this spacious 3 bedroom, 2 bath home in the highly sought after Seminole Woodlands neighborhood. The home offers a split plan layout that includes a living room/dining room combo and a separate dinette area that leads into the cozy family room. The wood burning fireplace adds just the right ambiance. The dining and family rooms have French doors that lead out onto the gorgeous covered lanai with a screened-in pool. The pass through window from the kitchen to the patio makes this home perfect for entertaining. Further, the home offers an indoor laundry room off the 2 car garage. Close to top rated Seminole schools, SPC, and the newer Seminole City Center. No HOA and no flood insurance. The seller is offering a $1,000 credit towards replacement of appliances. 1-2 year old tankless water heater.

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

Zip Code: 33772

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k256k

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

Zip Code: 33772

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
Bauder Elementary School Primary Regular 780 54 7
Seminole Middle School Middle Regular 1,159 68 5
Seminole High School High Regular 2,133 103 5

Bauder Elementary School

  • Education Level: Primary
  • # of students: 780
  • # of teachers: 54
7
GreatSchools Rating

Seminole Middle School

  • Education Level: Middle
  • # of students: 1,159
  • # of teachers: 68
5
GreatSchools Rating

Seminole High School

  • Education Level: High
  • # of students: 2,133
  • # of teachers: 103
5
GreatSchools Rating
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,361
Property Tax -$464
Property Insurance -$141
Property Management Fees -$80
CASH FLOW
-$146

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.

$369,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.51%

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-$5.0k$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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$17,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,895

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9003$1,9954$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 12408 91st Ter Seminole, FL 2
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.06
    •  
  • 12886 Lois Ave Seminole, FL 1
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1977
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.01
    •  
  • 13554 88th Ave Seminole, FL 3
    • 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 1962
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.04
    •  
  • 13425 86th Ave Seminole, FL 4
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1978
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 13195 Dorchester Dr Seminole, FL 5
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1976
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.06
    •  
PROPERTY LISTING DETAILS
Mimi Powell
1.727.459.2906
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8101611
Last Updated: 10/31/2020
BESbswy