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8746 Leona St Seminole, FL 33772

3 Beds 2 Baths 1,741 sqft Built 1979

$409,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $235.44
  • 5 Days on Market
  • MLS # : U8103865
  • Updated Date : 11/19/2020 at 09:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,741 sqft
  • Baths : 2 full
Listing Agent

Luxury & Beach Realty Inc

Listing Agent's Description

True 3/2/2 in a perfect location in highly desirable Leona Heights. Nearby new Seminole Mall with dining, entertainment and a variety of retail shops. Meticulous professional landscaping done in 2016 with energy efficient low voltage LED lighting on a corner lot creating perfect curb appeal. The landscaping wraps around the home and provides a premier cozy feel to your Florida paradise. This home is great for entertaining with a spacious open kitchen and living room. The living room has a custom accent wall with sliding doors leading out to a covered outdoor area with brick paving. Nice size yard with a privacy fence that is very well maintained with room for a pool. The formal dining room is very spacious and open to a family room which provides multiple areas for the family or gatherings. The kitchen has granite countertops, stainless steel appliances along with a built- in microwave, a bar top with plenty of space to eat in the kitchen. Lots of storage including a pantry. High end finish features with beautiful crown moulding throughout, smooth textured ceilings. The flooring consists of travertine marble floors, newer wood flooring and ceramic tile in the bathrooms. The master bath was completely remodeled in 2017 with a glass encased subway tile shower and a sleek modern floating vanity. There is a convenient inside laundry area with storage and a sink. Walking distance to great Seminole schools, sports complexes and the beautiful parks Seminole is known for, nearby Walsingham Park. 5 minute drive to the beaches to enjoy your sunsets and beach living. Not in a flood zone and in a non evacuation area, high and dry. Oversized 2 car garage has built in storage and pre cut hurricane boards. This home doesn’t need a thing and is a must see.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Leona Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k429k

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

Neighborhood: Leona Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9052308

* 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
Bauder Elementary School Primary Regular 780 54 7
Seminole Middle School Middle Regular 1,159 68 5
Seminole High School High Regular 2,133 103 5

Bauder Elementary School

  • Education Level: Primary
  • # of students: 780
  • # of teachers: 54
7
GreatSchools Rating

Seminole Middle School

  • Education Level: Middle
  • # of students: 1,159
  • # of teachers: 68
5
GreatSchools Rating

Seminole High School

  • Education Level: High
  • # of students: 2,133
  • # of teachers: 103
5
GreatSchools Rating
 

$368,910$450,890$409,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,512
Property Tax -$515
Property Insurance -$138
Property Management Fees -$80
CASH FLOW
-$95

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.

$409,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,512

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$26,533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $1,893

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$2,0003$2,0004$2,1505$2,150
$2,150
RENT COMPS ANALYSIS
  • 8746 Leona St Seminole, FL 5
    • 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.23
    •  
  • 12886 Lois Ave Seminole, FL 1
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1977
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.01
    •  
  • 13425 86th Ave Seminole, FL 2
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1978
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 10821 Freedom Blvd Seminole, FL 3
    • 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1961
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
  • 13195 Dorchester Dr Seminole, FL 4
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1976
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.06
    •  
PROPERTY LISTING DETAILS
Michael Hitchens, Pa
1.727.688.8314
Luxury & Beach Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103865
Last Updated: 11/19/2020
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