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704 Camellia Ct Seffner, FL 33584

3 Beds 2 Baths 1,711 sqft Built 1964

$275,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
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

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: 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
Colson Elementary School Primary Regular 681 59 3
Burnett Middle School Middle Regular 869 62 3
Armwood High School High Regular 1,809 104 3

Colson Elementary School

  • Education Level: Primary
  • # of students: 681
  • # of teachers: 59
3
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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

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

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

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
$1,435
1$1,4352$1,4503$1,4994$1,5495$1,580
$1,580
RENT COMPS ANALYSIS
  • 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
James Ruffolo
1.866.580.6402
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282797
Last Updated: 01/02/2021
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