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

12410 Monarch Cir Seminole, FL 33772

3 Beds 2 Baths 1,968 sqft Built 1977

$437,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $222.05
  • 3 Days on Market
  • MLS # : U8115125
  • Updated Date : 03/05/2021 at 09:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,968 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

Pride of ownership is evident in this beautiful home that checks all the boxes! This 3 bedroom 2 bath (split plan) home is almost 2000 SF and includes a large living room (with fireplace), dining room, bonus room (office?) and a large Family Room next to the updated kitchen which is great for entertaining. The 2-car garage leads in to the laundry room and a brand new roof was installed in March 2021. Beautiful porcelain tile throughout the home adds to the clean and bright finish of this well maintained home. Outside you will find your slice of Florida paradise with a beautiful salt-water pool that was recently resurfaced and a new travertine deck was installed – just beautiful! There is plenty of room for kids and pets in the back yard and the PVC fence adds to the privacy of your outside paradise. The home was just painted and comes with Hurricane rated windows and is not in a flood zone! Just blocks away from schools, shopping and beaches makes this home a must see! Schedule your showing today, this one won’t last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Boca Ciega Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Boca Ciega Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
 

$393,300$480,700$437,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,518
Property Tax -$549
Property Insurance -$151
Property Management Fees -$129
CASH FLOW
-$107

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.

$437,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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$121,555

INVESTMENT

$121,555

Down Payment
$109,250
Rehab Estimate
$5,750
Closing Costs
$6,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,250
Loan Amount $327,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$22,692

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,253

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,1504$2,2405$2,450
$2,450
RENT COMPS ANALYSIS
  • 12410 Monarch Cir Seminole, FL 4
    • 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.14
    •  
  • 13425 86th Ave Seminole, FL 1
    • 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
    •  
  • 10821 Freedom Blvd Seminole, FL 2
    • 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1961
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
  • 13195 Dorchester Dr Seminole, FL 3
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1976
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.06
    •  
  • 12214 Imperial Dr Seminole, FL 5
    • 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 1977
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.24
    •  
PROPERTY LISTING DETAILS
Kenneth Fulghum
1.727.458.5989
Coldwell Banker Residential
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8115125
Last Updated: 03/05/2021
BESbswy