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5005 Holland Ave Temple Terrace, FL 33617

4 Beds 3 Baths 1,932 sqft Built 1987

$265,999

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $137.68
  • 4 Days on Market
  • MLS # : T3282485
  • Updated Date : 01/02/2021 at 17:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,932 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Exceptional spacious home on a nice tree-lined street. Clean and move-in ready, this home boasts many upgrades and has been maintained by long time owner. No HOA or CDD restrictions! The living and dining room areas share a beautiful wood-burning fireplace. Sliding glass doors lead out to a wooden deck overlooking a large partially fenced backyard with mature Mango trees. The perfect area for entertaining, and plenty of room for a barbeque! The kitchen is open and bright with lots of cabinets and drawers for storage. The spacious master bedroom has vaulted ceilings and a walk-in closet with lots of storage space and adjustable organizers. You'll love the large tiles in the master bathroom shower and his and hers vanity sinks. You will enjoy this split floor plan as bedrooms 2 and 3 are on the opposite side of the home for privacy. Through the mudroom, is the inside entrance to the efficiency space! The efficiency has a private entrance from the outside and its own full bathroom and separate sink area. This oversized room would be perfect for a mother-in-law suite (with its own private entrance and separate full bathroom) let your imagination soar!. The roof was replaced in 2011, well pump and water systems replaced in 2020. This home is just a short walk away from many nearby parks including Greco Softball Complex. Perfectly located and close to EVERYTHING! USF, Moffitt, shopping, schools, restaurants and has easy access to all major interstates. Come take a look - this won't last long.

SEE MORE

MARKET HIGHLIGHTS

  • #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: Terrace Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $55k245k

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

Neighborhood: Terrace Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391654

* 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
 

$239,399$292,599$265,999

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 -$981
Property Tax -$341
Property Insurance -$148
Property Management Fees -$129
CASH FLOW
$100

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.

$265,999

PROJECTED PRICE

$1,700

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 10.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$76,240

INVESTMENT

$76,240

Down Payment
$66,500
Rehab Estimate
$5,750
Closing Costs
$3,990

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,500
Loan Amount $199,499
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$32,254

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
  • $0.88

    LIST RENT PER SQFT
  • $1,842

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,8504$2,100
$2,100
RENT COMPS ANALYSIS
  • 5005 Holland Ave Temple Terrace, FL 1
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 6228 Soaring Ave Temple Terrace, FL 2
    • 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1984
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 104 Druid Hills Rd Temple Terrace, FL 3
    • 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
    •  
  • 11314 Linarbor Pl Temple Terrace, FL 4
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1988
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Evins Trajean
1.813.470.0747
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282485
Last Updated: 01/02/2021
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