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9289 Rustic Pines Blvd E Seminole, FL 33776

3 Beds 2 Baths 2,286 sqft Built 1982

$450,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $196.85
  • 4 Days on Market
  • MLS # : T3274722
  • Updated Date : 11/06/2020 at 07:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,286 sqft
  • Baths : 2 full
Listing Agent

Tomlin, St Cyr & Associates Llc

Listing Agent's Description

Welcome home to Seminole!! This beautiful 3/2/2 ranch-style home in the heart of Pinellas County is ready for you to make your own! Perfectly located between Clearwater, Tampa & St. Petersburg for the ideal location! Bring your boat! NO HOA and NO HOA FEES on a quiet cul-de-sac and just minutes from Seminole City Center. The home boasts mature landscaping with richly stained hardwood doors with lead glass. The foyer opens to a formal living and dining room with an adjoining Florida Room that can be opened up for entertaining or closed off for more private spaces. Gorgeous engineered hardwood floors and an updated guest bath with a hidden drain and no-threshold entry will have friends and family stopping by for a visit. The main feature of the split floor plan is a master ensuite with its own bathroom, two walk-in closets and a private dressing room! This room can easily be converted to a remote office if needed! You will love the central location of the eat-in kitchen with lots of storage and a built-in island that opens up to the warm and friendly family room complete with a stone fireplace and views to the outdoor patio gazebo. Sit and enjoy the privacy and beauty of the mature landscaping and oak trees. Plenty of storage with a 2 car garage, indoor laundry room and a large, custom-built shed.

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

Zip Code: 33776

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k364k

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

Zip Code: 33776

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052185

* 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,660
Property Tax -$565
Property Insurance -$169
Property Management Fees -$80
CASH FLOW
-$55

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.

$450,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.54%

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$20k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$33,986

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,457

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3753$2,3754$2,4205$2,500
$2,500
RENT COMPS ANALYSIS
  • 9289 Rustic Pines Blvd E Seminole, FL 4
    • 3 beds 2 baths ∙ 2,286 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,286 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.06
    •  
  • 13195 Dorchester Dr Seminole, FL 1
    • 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
    •  
  • 13664 Serena Dr Largo, FL 2
    • 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 1974
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.07
    •  
  • 14898 Imperial Point Dr N Dr N Largo, FL 3
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1972
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.06
    •  
  • 13602 Serena Dr Largo, FL 5
    • 4 beds 2 baths ∙ 2,245 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,245 Sqft ∙ Built 1974
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.11
    •  
PROPERTY LISTING DETAILS
Shawn Killebrew
1.813.431.2718
Tomlin, St Cyr & Associates Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274722
Last Updated: 11/06/2020
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