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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $185.08
- 2 Days on Market
- MLS # : U8109443
- Updated Date : 01/10/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,372 sqft
- Baths : 2 full
Listing Agent
Realty Experts
Listing Agent's Description
Welcome home to this 4 bedroom 2 bath 2 car garage pool home in the heart of Seminole. This home has been owned by the same family for over 40 years. Some of the features include: a split bedroom plan, vaulted ceilings, large enclosed sunroom/game room, newer windows and much more. The backyard is a tropical paradise with a nice sized inground pool and a storage shed. Other features include: a circle driveway, separate living and family rooms, eat in kitchen and some built in features inside one bedroom that could act as an office. The location is wonderful, close to the desired Seminole Schools, Seminole City Center, Shopping, Restaurants, 2 miles to the Gulf Beaches. Don't delay make your appointment today!!!!
SEE MORE
- 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: 33776
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33776
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,460 |
| EXPENSES | Loan Payment | -$1,525 |
| Property Tax | -$552 | |
| Property Insurance | -$174 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$80
|
||
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.
$439,000
PROJECTED PRICE
$2,460
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$122,085
LOAN DETAILS
$1,525
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $109,750 |
| Loan Amount | $329,250 |
7.42
YEARS SAVED
$40,295
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,460
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$2,574
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
13044 93rd Ave Seminole, FL 2
- 4 beds 2 baths ∙ 2,372 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,372 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $2,460
- $1.04
-
14898 Imperial Point Dr N Dr N Largo, FL 1
- 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1972
LEASED 06/27/20- Rent
- Rent Per SQFT
- $2,375
- $1.06
-
13602 Serena Dr Largo, FL 3
- 4 beds 2 baths ∙ 2,245 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,245 Sqft ∙ Built 1974
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.11
PROPERTY LISTING DETAILS
1.727.365.9206
Realty Experts
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8109443
Last Updated: 01/10/2021
