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3003 Florida Elm Pl Seffner, FL 33584

3 Beds 2 Baths 2,005 sqft Built 2013

$295,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $147.13
  • 3 Days on Market
  • MLS # : T3283738
  • Updated Date : 01/09/2021 at 16:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,005 sqft
  • Baths : 2 full
Listing Agent

Homexpress Realty, Inc.

Listing Agent's Description

Welcome Home to this 3 bedroom/ 2 bathroom home new to the market! Watch the Video more pics to come. This home has much to offer with elevated ceilings, crown modeling and modernized kitchen/appliances featuring marble countertops. This home also includes a den that can be conveniently utilized as recreational space such as a home office, in-home gym, playroom or an additional bedroom for guests. For those who enjoy spending quality time outdoors; this home features an oversized backyard with a covered lanai. This home is located in a great area with nearby restaurants, shopping centers/cinemas and access to the interstate just minutes away. This is surely a one-time opportunity! Great neighborhood! Beautiful home! It is a pleasure to come and see for yourself. No CDD and a low HOA

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: 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
Seffner Elementary School Primary Regular 708 55 3
Mann Middle School Middle Regular 1,096 68 3
Brandon High School High Regular 1,864 116 4

Seffner Elementary School

  • Education Level: Primary
  • # of students: 708
  • # of teachers: 55
3
GreatSchools Rating

Mann Middle School

  • Education Level: Middle
  • # of students: 1,096
  • # of teachers: 68
3
GreatSchools Rating

Brandon High School

  • Education Level: High
  • # of students: 1,864
  • # of teachers: 116
4
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,025
Property Tax -$380
Property Insurance -$153
HOA -$60
Property Management Fees -$129
CASH FLOW
-$46

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.

$295,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.58%

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$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$16,139

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,744

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7003$1,8004$1,8255$1,875
$1,875
RENT COMPS ANALYSIS
  • 3003 Florida Elm Pl Seffner, FL 2
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
  • 1612 Open Field Loop Brandon, FL 1
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1999
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 2317 Towering Oaks Cir Seffner, FL 3
    • 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 2000
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 2255 Towering Oaks Cir Seffner, FL 4
    • 4 beds 3 baths ∙ 2,082 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,082 Sqft ∙ Built 1999
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.88
    •  
  • 403 Valencia Park Dr Seffner, FL 5
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1999
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.88
    •  
PROPERTY LISTING DETAILS
Emmit Walthall
1.813.641.2500
Homexpress Realty, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283738
Last Updated: 01/09/2021
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