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9304 Rolling Ridge Pl Temple Terrace, FL 33637

4 Beds 2 Baths 2,360 sqft Built 1984

$335,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $141.95
  • 2 Days on Market
  • MLS # : U8103461
  • Updated Date : 11/03/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,360 sqft
  • Baths : 2 full
Listing Agent

Century 21 Listsmart

Listing Agent's Description

One or more photo(s) has been virtually staged. This beautifully renovated home is ideally located in a cul-de-sac in the mature River Run neighborhood in Temple Terrace. Just a short walk from The Riverfront Preserve Park and within 2 miles of Terrace Hill Golf Club and Temple Terrace Country Club. The split-bedroom floor plan has three living spaces and plenty of room to entertain around the double-sided wood-burning fireplace. The spacious master suite has brand new LVT (Luxury vinyl tile) flooring, and the three additional bedrooms have brand new carpet. Every inch of the kitchen sparkles with inviting freshness: new cabinets, new stainless steel appliances (refrigerator, stove, hood, and dishwasher), new LVT flooring, and new granite countertops. You will also feel right at home in the covered patio and large fenced-in backyard. With new interior/exterior paint, refreshed landscaping, refinished sink and cabinets in the spacious laundry room, and a new air conditioning system, the only things this house still needs is a new owner.

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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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,236
Property Tax -$397
Property Insurance -$173
Property Management Fees -$80
CASH FLOW
$64

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.

$335,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.58%

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$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$35,794

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,140

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,915
1$1,9152$1,9503$2,1004$2,200
$2,200
RENT COMPS ANALYSIS
  • 9304 Rolling Ridge Pl Temple Terrace, FL 2
    • 4 beds 2 baths ∙ 2,360 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,360 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
  • 6009 Soaring Ave Temple Terrace, FL 1
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 1983
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,915
    • $0.77
    •  
  • 11314 Linarbor Pl Temple Terrace, FL 3
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1988
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 818 Druid Hills Rd Temple Terrace, FL 4
    • 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 1977
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
PROPERTY LISTING DETAILS
Robert Gawel
1.727.822.8100
Century 21 Listsmart
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103461
Last Updated: 11/03/2020
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