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5322 Plum Ave Seffner, FL 33584

3 Beds 2 Baths 1,386 sqft Built 2005

$213,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $153.68
  • 115 Days on Market
  • MLS # : T3253145
  • Updated Date : 10/30/2020 at 09:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,386 sqft
  • Baths : 1 full , 1 half
Listing Agent

White Stone Realty Llc

Listing Agent's Description

3 bedroom, 1 1/2 bath with split floor plan. Spacious great room. FHA and VA financing are both welcome.

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
Mango Elementary School Primary Regular 849 62 2
Burnett Middle School Middle Regular 869 62 3
Armwood High School High Regular 1,809 104 3

Mango Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 62
2
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
 

$191,700$234,300$213,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$786
Property Tax -$271
Property Insurance -$117
Property Management Fees -$80
CASH FLOW
$196

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.

$213,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.68%

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$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,195

INVESTMENT

$62,195

Down Payment
$53,250
Rehab Estimate
$5,750
Closing Costs
$3,195

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$786

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,250
Loan Amount $159,750
See What Happens When You Reinvest Cash Flow

10.83

YEARS SAVED

$40,260

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,462

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4004$1,4505$1,600
$1,600
RENT COMPS ANALYSIS
  • 5322 Plum Ave Seffner, FL 4
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 436 Maple Pointe Dr Seffner, FL 1
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2002
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 11017 Connacht Way Tampa, FL 2
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1996
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.05
    •  
  • 433 Maple Pointe Dr Seffner, FL 3
    • 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 2003
    property image
    LEASED 05/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.08
    •  
  • 804 Coade Stone Dr Seffner, FL 5
    • 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 2004
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
PROPERTY LISTING DETAILS
Paul Porvaznik
1.727.459.3871
White Stone Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3253145
Last Updated: 10/30/2020
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