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PROPERTY INFO
FACTS
- Single Family
- Built In 1966
- Price/Sqft : $159.20
- 2 Days on Market
- MLS # : T3278025
- Updated Date : 11/28/2020 at 14:46
CONSTRUCTION
- Beds : 4
- Floor Size : 1,696 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Attention buyers, Here is a chance to own this tastefully and generously updated home! It is located in the heart of Brandon, Seffner close to I-4, I-75 for easy access to Tampa, Orlando, Sarasota, beaches, shopping and restaurants. As you enter the home from the South entrance, you will see a foyer which goes to kitchen on the right and to the left lies the bonus room that can be used as a guest bedroom, office or craft room, which offers the half bath. The kitchen is tastefully furnished with stainless steel appliances, gorgeous 36 Inch cabinets, granite counter tops. This home is completely updated from top to bottom. Terrazzo flooring is professionally polished throughout, The windows are replaced with hurricane impact resistant windows, Plumbing is redone 2019, Electrical work with new panel done in 2019, AC replaced in 2019, water heater 2020, newer roof only 5 years old, new paint inside and outside, new blinds, new doors, new electrical and plumbing fixtures, new bathrooms! This home is perfect for anyone who is tired of dealing with the HOA and CDD fees and restrictions! Bring your cars, rv, campers, boats any toys you may have. There is plenty of space to park on this 0.30 acre lot. The home offers 4 bedrooms, 2.5 bathrooms, 2 car garage.
SEE MORE
- #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)
- 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)
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 | $1,560 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$344 | |
| Property Insurance | -$135 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$5
|
||
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.
$270,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.58%
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
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
6.42
YEARS SAVED
$23,331
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,666
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
2309 S Kingsway Rd Seffner, FL 4
- 4 beds 3 baths ∙ 1,696 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,696 Sqft ∙ Built 1966
- Rent
- Rent Per SQFT
- $1,560
- $0.92
-
202 Nita Dr Seffner, FL 1
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1974
LEASED 01/30/20- Rent
- Rent Per SQFT
- $1,549
- $0.96
-
3218 King Richard Ct Seffner, FL 2
- 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 3
- 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
-
904 E Windhorst Rd Seffner, FL 5
- 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1982
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,695
- $0.99
PROPERTY LISTING DETAILS
1.813.580.0080
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3278025
Last Updated: 11/28/2020
