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

422 Saint Augustine Ave Temple Terrace, FL 33617

4 Beds 3 Baths 2,219 sqft Built 1963

$389,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $175.30
  • 2 Days on Market
  • MLS # : T3289824
  • Updated Date : 03/13/2021 at 18:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,219 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

Beautiful custom built home on 1/3 acre corner lot near the 6th hole of the Temple Terrace Golf Course. Outstanding lot and location in the South Terrace. Inside the home you'll enjoy 3 bedrooms and 2 bathrooms on the 2nd level with 4th bedroom/office and half bathroom on the first level. As you enter this lovely home you'll notice all of the beautiful windows and natural light gleaming off the hardwood floors. The kitchen is light and bright with granite counter tops. Many upgrades in this home including, AC 2017, true hardwood floors, 6 inch baseboards, wood burning fireplace, new water heater 2021, brick front veranda patio, large fenced in yard with plenty of play space and large covered patio, detached oversized 2 car garage plus separate workshop/storage space. Some golf course views from both the front and back yards. Conveniently located near the TT river walk, park and public boat ramp. A complimentary 3-month membership is included to the Temple Terrace Golf and Country Club. The Rec Center is near by too and offers many activities for all ages. Outstanding Charter Schools, plus 2 International Baccalaureate Schools. Close proximity to USF and area hospitals. Only 20 min. to downtown Tampa.

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: Temple Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k245k

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

Neighborhood: Temple Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781654

* 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
Temple Terrace Elementary School Primary Regular 604 48 2
Greco Middle School Middle Regular 862 57 1
King High School High Magnet 1,889 106 4

Temple Terrace Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 48
2
GreatSchools Rating

Greco Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 57
1
GreatSchools Rating

King High School

  • Education Level: High
  • # of students: 1,889
  • # of teachers: 106
4
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,351
Property Tax -$461
Property Insurance -$165
Property Management Fees -$129
CASH FLOW
-$116

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.

$389,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.0%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$17,717

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,138

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8503$1,9904$2,100
$2,100
RENT COMPS ANALYSIS
  • 422 Saint Augustine Ave Temple Terrace, FL 3
    • 3 beds 3 baths ∙ 2,219 Sqft ∙ Built 1963 3 beds 3 baths ∙ 2,219 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.90
    •  
  • 104 Druid Hills Rd Temple Terrace, FL 1
    • 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1971
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 628 Druid Hills Rd Temple Terrace, FL 2
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1960
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
  • 314 Glen Ridge Ave Temple Terrace, FL 4
    • 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 1959 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 1959
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
PROPERTY LISTING DETAILS
Pat Moxley
1.813.286.6563
Coldwell Banker Residential
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289824
Last Updated: 03/13/2021
BESbswy