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7908 Shore Bluff Ct Temple Terrace, FL 33637

4 Beds 3 Baths 1,735 sqft Built 1984

$275,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $158.50
  • 5 Days on Market
  • MLS # : T3283497
  • Updated Date : 01/07/2021 at 14:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,735 sqft
  • Baths : 3 full
Listing Agent

Ann Lee Realty Inc

Listing Agent's Description

This home is waiting for a new family! Two story 4 bedroom, 3 full bath with 1735 sq ft of heated space is ready for someone to come in and personalize it to their taste. Conveniently located in a well established neighborhood in Temple Terrace, this home is minutes away from USF, Busch Gardens, the VA Hospital, Office complexes, dining and just a short drive to I-75. The front porch is perfect for a few rocking chairs and the double door entry leads to the spacious formal living room with hardwood floors. The kitchen is laid out so that there is plenty of room in the middle for a breakfast table. While dining in the formal dining room, you can look out to the large fenced backyard. Take 3 steps down from the dining room to the great room that connects to a full bath and large bedroom - think guest or in-law suite! You enter the oversized screened in lanai from sliders in the great room - 2 ceiling fans keep the temperature just right. The Master Bedroom with en suite is on the second floor as well as 2 additional bedrooms and a full bath. There are many possibilities with this well loved and well maintained home! Please call for a tour!

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: Temple Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k245k

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

Neighborhood: Temple Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781654

* 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
Temple Terrace Elementary School Primary Regular 604 48 2
Jennings Middle School Middle Regular 770 58 2
King High School High Magnet 1,889 106 4

Temple Terrace Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 48
2
GreatSchools Rating

Jennings Middle School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 58
2
GreatSchools Rating

King High School

  • Education Level: High
  • # of students: 1,889
  • # of teachers: 106
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$955
Property Tax -$326
Property Insurance -$136
Property Management Fees -$129
CASH FLOW
$203

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

$1,750

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.0%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$39,491

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,750

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,813

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,6504$1,7505$1,950
$1,950
RENT COMPS ANALYSIS
  • 7908 Shore Bluff Ct Temple Terrace, FL 4
    • 4 beds 3 baths ∙ 1,735 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,735 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 8323 Clermont St Tampa, FL 1
    • 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1986
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 9832 Morris Glen Way Temple Terrace, FL 2
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2000
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
  • 9415 Alanbrooke St Temple Terrace, FL 3
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1985
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 7820 Capwood Ave Temple Terrace, FL 5
    • 4 beds 2 baths ∙ 1,843 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,843 Sqft ∙ Built 1983
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.06
    •  
PROPERTY LISTING DETAILS
Anna Lee
1.813.294.3700
Ann Lee Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283497
Last Updated: 01/07/2021
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