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

6106 Rain Briar Ct Temple Terrace, FL 33617

5 Beds 4 Baths 2,434 sqft Built 1982

$329,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $135.17
  • 4 Days on Market
  • MLS # : T3273819
  • Updated Date : 11/01/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,434 sqft
  • Baths : 2 full , 2 half
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Spacious 5 bedroom, 2 story, pool home located on a quiet cul-de-sac in the highly sought after Raintree Terrace community. This wonderful home is ideal for entertaining with its two separate living areas: a large, open kitchen and formal dining room. Guests and families alike will enjoy the oversized, covered patio with screened pool. Great for summer fun and cooking outdoors. The home is move-in ready featuring new interior paint, new carpeting, new French doors, new ceiling fans throughout, new roof(2020)and recent ductwork and A/C installation (2017) to provide peace of mind for years to come. This house won't last. Call now to schedule an appt. Don't wait to make this house your home!

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: 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
Lewis Elementary School Primary Regular 818 65 4
Greco Middle School Middle Regular 862 57 1
King High School High Magnet 1,889 106 4

Lewis Elementary School

  • Education Level: Primary
  • # of students: 818
  • # of teachers: 65
4
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
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,214
Property Tax -$385
Property Insurance -$177
Property Management Fees -$80
CASH FLOW
$74

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.

$329,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

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

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$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$36,364

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,874

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,915
1$1,9152$1,930
$1,930
RENT COMPS ANALYSIS
  • 6106 Rain Briar Ct Temple Terrace, FL 2
    • 5 beds 4 baths ∙ 2,434 Sqft ∙ Built 1982 5 beds 4 baths ∙ 2,434 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.79
    •  
  • 6009 Soaring Ave Temple Terrace, FL 1
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1983
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,915
    • $0.77
    •  
PROPERTY LISTING DETAILS
Jason Hickel
1.813.766.4194
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273819
Last Updated: 11/01/2020
BESbswy