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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $212.59
- 5 Days on Market
- MLS # : T3284231
- Updated Date : 01/13/2021 at 17:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,176 sqft
- Baths : 1 full
Listing Agent
Nu Home Finders, Inc
Listing Agent's Description
You will fall in love with this NEWLY RENOVATED property. As soon as you open the front door, you will see the beautiful and bright open kitchen with subway tile backsplash and ALL NEW stainless steel appliances and cabinets. Subway tile backsplash and granite countertops really make this kitchen stand out! Luxury vinyl plank flooring has been added throughout the entire home for low maintenance and a beautiful look! Worried about repairs? This home has a NEW ROOF and HVAC. It is perfect for your first and (maybe) last home! The bathroom has an updated and elegant tiled shower with a luxurious sink and counter. The master bedroom suite has two closets and a great view of your new backyard. Everything is close by including Starbucks, Publix, Sam's Club, and Lowe's. Call now for a showing and check out our virtual tour!
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
Zip Code: 33777
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33777
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,330 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$314 | |
| Property Insurance | -$105 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$86
|
||
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.
$250,000
PROJECTED PRICE
$1,330
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.2% |
| 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
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
4.5
YEARS SAVED
$10,894
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$1,361
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
8267 Rose Ter Seminole, FL 1
- 3 beds 1 baths ∙ 1,176 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,176 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $1,330
- $1.13
-
8714 Pelican Ln Seminole, FL 2
- 3 beds 1 baths ∙ 1,136 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,136 Sqft ∙ Built 1958
LEASED 01/30/20- Rent
- Rent Per SQFT
- $1,395
- $1.23
-
8589 Lantana Dr Seminole, FL 3
- 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1969
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,599
- $1.11
-
8701 Magnolia Dr Seminole, FL 4
- 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1959
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,600
- $1.11
-
8530 Rose Ter Seminole, FL 5
- 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1971
LEASED 01/09/21- Rent
- Rent Per SQFT
- $1,650
- $1.18
PROPERTY LISTING DETAILS
1.813.675.5418
Nu Home Finders, Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3284231
Last Updated: 01/13/2021
