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201 W Wheeler Rd Seffner, FL 33584

4 Beds 2 Baths 1,584 sqft Built 1970

$264,990

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $167.29
  • 3 Days on Market
  • MLS # : T3293238
  • Updated Date : 03/06/2021 at 14:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,584 sqft
  • Baths : 2 full
Listing Agent

Tampa Bay Exclusive Realty

Listing Agent's Description

MOVE-IN READY 4 bedroom, 2 bathroom home with bonus room in Seffner. Gleaming wood floors greet you upon entry and continue throughout the home, with tile in the bathrooms. NO CARPET here! Plenty of counter space and cabinets in this SPACIOUS kitchen that also features STAINLESS STEEL appliances including the propane range. The fourth bedroom features French doors that lead outside. A storage shed with built-in shelving sits in the HUGE backyard. Rest easy knowing the roof of this home was just replaced in 2020 and has a 5 year warranty. Windows are newer and double pane, and new insulation was installed just 2 years ago. AC from 2013.  If you’re looking for a WELL PRICED home with great space, you will not want to miss this opportunity!  Call us today to schedule your private showing!

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: Seffner Community Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $85k238k

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

Neighborhood: Seffner Community Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8541590

* 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
Colson Elementary School Primary Regular 681 59 3
Burnett Middle School Middle Regular 869 62 3
Armwood High School High Regular 1,809 104 3

Colson Elementary School

  • Education Level: Primary
  • # of students: 681
  • # of teachers: 59
3
GreatSchools Rating

Burnett Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 62
3
GreatSchools Rating

Armwood High School

  • Education Level: High
  • # of students: 1,809
  • # of teachers: 104
3
GreatSchools Rating
 

$238,491$291,489$264,990

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$920
Property Tax -$338
Property Insurance -$128
Property Management Fees -$129
CASH FLOW
$54

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.

$264,990

PROJECTED PRICE

$1,570

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,972

INVESTMENT

$75,972

Down Payment
$66,248
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,248
Loan Amount $198,743
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$24,068

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,651

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5504$1,5705$1,599
$1,599
RENT COMPS ANALYSIS
  • 201 W Wheeler Rd Seffner, FL 4
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.99
    •  
  • 3218 King Richard Ct Seffner, FL 1
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1976
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 2419 Devonwoode Pl Seffner, FL 2
    • 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1974
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 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
    •  
  • 1005 Park St Seffner, FL 5
    • 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1976
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.07
    •  
PROPERTY LISTING DETAILS
Hector Contreras
1.813.426.2669
Tampa Bay Exclusive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3293238
Last Updated: 03/06/2021
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