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707 Periwinkle Pointe Pl Seffner, FL 33584

4 Beds 2 Baths 1,570 sqft Built 2003

$230,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
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

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: Parsons Pointe

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Parsons Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7391590

* 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
Lopez Elementary School Primary Regular 475 43 4
Lopez Elementary School Middle Regular 475 43 4
Lopez Elementary School High Regular 475 43 4

Lopez Elementary School

  • Education Level: Primary
  • # of students: 475
  • # of teachers: 43
4
GreatSchools Rating

Lopez Elementary School

  • Education Level: Middle
  • # of students: 475
  • # of teachers: 43
4
GreatSchools Rating

Lopez Elementary School

  • Education Level: High
  • # of students: 475
  • # of teachers: 43
4
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

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
$1,350
1$1,3502$1,5503$1,6004$1,6855$1,750
$1,750
RENT COMPS ANALYSIS
  • 707 Periwinkle Pointe Pl Seffner, FL 3
    • 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 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
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 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
Corbin Mcveay
1.813.468.4860
Tomlin, St Cyr & Associates Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3281962
Last Updated: 12/26/2020
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