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13089 Farmington Trl Seminole, FL 33776

4 Beds 3 Baths 2,273 sqft Built 1985

$475,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $208.97
  • 2 Days on Market
  • MLS # : U8106514
  • Updated Date : 12/05/2020 at 19:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,273 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max All Star

Listing Agent's Description

Beautiful 4 bedroom, 2.5 bath two car garage pool home in desirable Farmington Woods. Offering 2273 square feet with indoor laundry room. Living room with wood burning fireplace, hardwood floors and wet bar. Eat in space in kitchen with breakfast bar and lots of cabinets. Formal dining room. Master bedroom offers french doors that lead out to pool area, large walk in closet and master bath with double sinks, garden tub and shower stall. Fourth bedroom with french doors could double as an office. Large covered patio and lanai with covered patio area, sink and gas grill built in. Pool has pebble tech and pavered lap pool. Fully fenced yard. No flood insurance. Wonderful family home waiting for your personal touches! Walking distance to schools, shopping and restaurants and close proximity to the beaches.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 33776

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k364k

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

Zip Code: 33776

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052185

* 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
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,753
Property Tax -$598
Property Insurance -$169
Property Management Fees -$129
CASH FLOW
-$118

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.

$475,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.53%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$30,527

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,495

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3753$2,5004$2,5305$2,795
$2,795
RENT COMPS ANALYSIS
  • 13089 Farmington Trl Seminole, FL 4
    • 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.11
    •  
  • 13195 Dorchester Dr Seminole, FL 1
    • 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
    •  
  • 13664 Serena Dr Largo, FL 2
    • 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 1974
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.07
    •  
  • 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
    •  
  • 13324 74th Ave Seminole, FL 5
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2004
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.15
    •  
PROPERTY LISTING DETAILS
Heidi Pecora
1.727.204.0057
Re/max All Star
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8106514
Last Updated: 12/05/2020
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