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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $146.50
- 2 Days on Market
- MLS # : T3281962
- Updated Date : 12/26/2020 at 14:07
CONSTRUCTION
- Beds : 4
- Floor Size : 1,570 sqft
- Baths : 2 full
Listing Agent
Tomlin, St Cyr & Associates Llc
Listing Agent's Description
Welcome to Parsons Pointe! This quiet, family-friendly community is just minutes away from I-4 for a quick commute to the city or the country. This 4 bedroom, 2 bath split floor plan home sits on over 1500 square feet of space, including a 1 car garage, and is move in ready. As you enter, the open floor plan greets you with beautiful, easy-maintenance, plank wood laminate flooring in the living areas. The gourmet kitchen features granite countertops, tile flooring and stainless steel appliances. Sliding glass doors give access to the private backyard and also allow a bright and warm energy into the kitchen. The master bedroom features high ceilings and a walk in closet. Ceiling fans are throughout the home keep it cool and keep the energy costs down. Come see what this great home has to offer!
SEE MORE
- 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: Parsons Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parsons Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$849 |
| Property Tax | -$293 | |
| Property Insurance | -$128 | |
| HOA | -$25 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$177
|
||
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.
$230,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| 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
$66,700
LOAN DETAILS
$849
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
9.92
YEARS SAVED
$37,661
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,566
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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436 Maple Pointe Dr Seffner, FL 1
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- $1,350
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428 Fern Gulley Dr Seffner, FL 2
- 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2007
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,550
- $1.00
-
709 Periwinkle Pointe Pl Seffner, FL 4
- 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2003
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,685
- $0.96
-
431 Maple Pointe Dr Seffner, FL 5
- 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 2002
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,750
- $1.01
PROPERTY LISTING DETAILS
1.813.468.4860
Tomlin, St Cyr & Associates Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3281962
Last Updated: 12/26/2020
