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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $160.72
- 3 Days on Market
- MLS # : T3282797
- Updated Date : 01/02/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,711 sqft
- Baths : 2 full
Listing Agent
Charles Rutenberg Realty Inc
Listing Agent's Description
Just listed and it probably won't last long. This 3 bedroom, 2 bath block construction home sits on 1/3 of an acre with no HOA or CDD restrictions. Located on a quite cul de sac in Seffner, but also minutes from the Brandon amenities. The seller is still putting the finishing touches on the home but the home does include new paint throughout, new baseboards, new kitchen with quarter counter tops, new carpet in all of the bedrooms, New garage door. New windows with a transferable warranty. Large backyard has PVC fence around it. The asking price includes a new backdoor which will be installed in mid February. The roof is 5 years old. New kitchen appliances and the washer and dryer can stay with the house. Limited pictures at the moment because the finishing touches are still ongoing. Available for show though with advanced notice showing requests.
SEE MORE
- #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: Seffner Community Alliance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seffner Community Alliance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$351 | |
| Property Insurance | -$136 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$50
|
||
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.
$275,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
5.5
YEARS SAVED
$18,898
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,523
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
704 Camellia Ct Seffner, FL 5
- 4 beds 2 baths ∙ 1,711 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,711 Sqft ∙ Built 1964
![property image]()
- Rent
- Rent Per SQFT
- $1,580
- $0.92
-
1111 N Parsons Ave Brandon, FL 1
- 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1964
![property image]()
LEASED 03/14/20- Rent
- Rent Per SQFT
- $1,435
- $0.92
-
314 W Windhorst Rd Brandon, FL 2
- 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1981
![property image]()
LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,450
- $0.82
-
1224 Lorie Cir Brandon, FL 3
- 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1962
![property image]()
LEASED 01/26/20- Rent
- Rent Per SQFT
- $1,499
- $0.86
-
202 Nita Dr Seffner, FL 4
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1974
![property image]()
LEASED 01/30/20- Rent
- Rent Per SQFT
- $1,549
- $0.96
PROPERTY LISTING DETAILS
1.866.580.6402
Charles Rutenberg Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3282797
Last Updated: 01/02/2021
