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14009 80th Ave Seminole, FL 33776

3 Beds 3 Baths 1,848 sqft Built 1966

$358,900

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $194.21
  • 2 Days on Market
  • MLS # : U8109431
  • Updated Date : 01/10/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,848 sqft
  • Baths : 2 full , 1 half
Listing Agent

House Hunters Realty Group

Listing Agent's Description

This Seminole home is Move-in Ready in the desirable Bayhaven Subdivision! A mix of rustic charm and modern upgrades give this spacious 3 bedroom/2 bath home a welcoming vibe. The open kitchen connects to a very large dining room - perfect for entertaining! The newer, hurricane rated windows throughout the home offer so much natural light and come with a transferable, lifetime warranty. Tile and hardwood flooring is throughout the home. The split-bedroom plan offers the option of 2 Master bedrooms, one with a newly remodeled ensuite bath and his/her closets and the other with a very large 3rd bathroom option (plumbing connections in place). Get a head start on the 3rd bathroom addition with the tile the sellers are happy to convey in the sale. The 2nd bedroom also has access to the large, newly remodeled guest bathroom. Other upgrades include: Roof (2014); Hurricane braced Garage Door (2020); 4-ton HVAC and all new ductwork and insulation (2018). The fully fenced backyard includes a double-gate and parking pad for your boat/RV. And plenty of room for a pool! Located in a Non-flood zone, this home is walking distance to beautiful beaches and less than a 5 minute drive to the Redington Shores public boat ramp!

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

Neighborhood: Bayhaven

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k431k

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

Neighborhood: Bayhaven

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200Rent in $9052384

* 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
 

$323,010$394,790$358,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,247
Property Tax -$451
Property Insurance -$144
Property Management Fees -$129
CASH FLOW
$10

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.

$358,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,859

INVESTMENT

$100,859

Down Payment
$89,725
Rehab Estimate
$5,750
Closing Costs
$5,384

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,725
Loan Amount $269,175
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$27,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,977

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,980
1$1,9802$1,9953$2,0004$2,150
$2,150
RENT COMPS ANALYSIS
  • 14009 80th Ave Seminole, FL 1
    • 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1966 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.07
    •  
  • 13554 88th Ave Seminole, FL 2
    • 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 3
    • 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 4
    • 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
    •  
PROPERTY LISTING DETAILS
Tracey Brunetto
1.727.744.0881
House Hunters Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109431
Last Updated: 01/10/2021
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