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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $161.23
- 4 Days on Market
- MLS # : T3282766
- Updated Date : 01/01/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,550 sqft
- Baths : 2 full
Listing Agent
Signature Realty Associates
Listing Agent's Description
You are going to love coming home to this beautiful open and bright home conveniently located in a smaller, intimate community in Seffner! This home offers so much value with a BRAND NEW ROOF and AIR CONDITIONER on over a QUARTER ACRE LOT with a massive and PRIVATE FENCED IN backyard and no neighbors behind or to the right side of the house. Entertaining family and friends will be a breeze with the open great room/family room so whether the party stays inside or moves out the GIANT 40' x 18' covered and screened in patio there is plenty of room for everyone! You will love hosting cookouts in the massive backyard where there is plenty of room for a swing set or play a game of cornhole. if you need even more room there is an entire giant open field to the right of the house that can be used to throw baseball or football or to practice soccer. There isn't a piece of carpet in the entire home with the open living area having gorgeous wood looking laminate flooring and new ceramic tiled floors in all 3 bedrooms and the master bathroom with ceramic tiles in all wet areas. All rooms in the home have fans with ceiling lights, the exterior of the home comes with gutters and downspouts and the entire exterior of the home has just been professionally painted. Make an appointment today to see this sensational home that's conveniently located right in Seffner and located extremely close to I-4 so all of the shopping, dining, nightlife, sporting events and activities that the bustling cities of Brandon and Tampa have to offer are mere minutes away as are I-4, the Crosstown Expressway, USF, UT, Raymond James Stadium, Amalie Arena, Disney, Busch Gardens, MacDill AFB and our award winning beaches.
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 | $1,550 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$340 | |
| Property Insurance | -$126 | |
| HOA | -$29 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$3
|
||
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.
$249,900
PROJECTED PRICE
$1,550
PROJECTED RENT
0.62%
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
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
6.42
YEARS SAVED
$21,603
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,566
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
718 Coade Stone Dr Seffner, FL 2
- 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $1,550
- $1.00
-
903 Coade Stone Dr Seffner, FL 1
- 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2004
![property image]()
LEASED 09/15/19- Rent
- Rent Per SQFT
- $1,550
- $1.00
-
804 Coade Stone Dr Seffner, FL 3
- 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 2004
![property image]()
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,600
- $1.07
-
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
![property image]()
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
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,750
- $1.01
PROPERTY LISTING DETAILS
1.813.689.3115
Signature Realty Associates
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3282766
Last Updated: 01/01/2021
