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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $196.11
- 2 Days on Market
- MLS # : T3291190
- Updated Date : 02/20/2021 at 12:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,137 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
You won't want to miss this one! Cozy up in front of your fireplace in this 3 bedroom 2 bath concrete block home on a fenced corner lot. Enter the large screened patio through the French doors off the dining area. A great place to sip your coffee or relax in the evening, New paint inside and out. Don't wait long, this price range goes instantly!!!
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
Neighborhood: Seffner Community Alliance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seffner Community Alliance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$774 |
| Property Tax | -$284 | |
| Property Insurance | -$102 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$20
|
||
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.
$222,977
PROJECTED PRICE
$1,310
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,839
LOAN DETAILS
$774
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $55,744 |
| Loan Amount | $167,233 |
6.67
YEARS SAVED
$17,901
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$1,313
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
135 Euclid Loop Seffner, FL 1
- 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,310
- $1.15
-
202 Ravenway Dr Seffner, FL 2
- 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1974
LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,325
- $1.19
-
1806 Craven Dr Seffner, FL 3
- 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1986
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,550
- $1.12
-
1221 Sagamore Dr Seffner, FL 4
- 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1976
LEASED 12/30/20- Rent
- Rent Per SQFT
- $1,550
- $1.15
-
1101 Melrose St Seffner, FL 5
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,625
- $1.16
PROPERTY LISTING DETAILS
1.813.363.6300
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291190
Last Updated: 02/20/2021
