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718 Coade Stone Dr Seffner, FL 33584

3 Beds 2 Baths 1,550 sqft Built 2002

$249,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
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

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
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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

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
$1,550
1$1,5502$1,5503$1,6004$1,6855$1,750
$1,750
RENT COMPS ANALYSIS
  • 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
Matthew Rego
1.813.689.3115
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282766
Last Updated: 01/01/2021
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