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9402 Bellhaven St Temple Terrace, FL 33637

3 Beds 3 Baths 2,520 sqft Built 1984

INVESTimate

$334,900

List Price

$1,900

$1,710 - $2,090

Rent Est.

$351,812  ( +5.05%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $132.90
  • 3 Days on Market
  • MLS # : U8095460
  • Updated Date : 08/25/2020 at 04:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,520 sqft
  • Baths : 3 full
Listing Agent

Keys To The Bay Real Estate

Listing Agent's Description

Well maintained and neat as a pin! Located in the desirable city of Temple Terrace just north of Tampa. This 4 bedroom, 3 bathroom home is located on over 1/4 acre of land. The spacious interior features 3 levels of living space. The master suite with ensuite bathroom, 2 additional bedrooms and guest bathroom are located on the upper floor. The living room, eat-in kitchen and, dining room are located on the mid level. The 4th bedroom and bathroom are located on the lower level and can be easily converted into another master bedroom or in-law suite. Also on the lower level are 2 private offices, a sitting room and, a beautiful family room perfect for entertaining. Upgrades include Crown molding throughout the home, pre wired for surround sound, hardwood flooring, laundry room, hurricane impact windows, roof (including shed) have just been replaced and, a large barn style shed in the back yard. This is truly a show home. Showing by appointment only. Please follow CDC guidelines while touring. Call today, this one will sell fast.

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

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
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,236
Property Tax -$397
Property Insurance -$182
Property Management Fees -$80
CASH FLOW
$5

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.

$334,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.05%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$28,936

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,117

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,350
$2,350
RENT COMPS ANALYSIS
  • 9402 Bellhaven St Temple Terrace, 1
    • 3 beds 3 baths ∙ 2,520 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,520 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 11504 Tullamore Pl Temple Terrace, 2
    • 4 beds 4 baths ∙ 2,786 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,786 Sqft ∙ Built 1988
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
PROPERTY LISTING DETAILS
Bill Hallman
1.727.470.0030
Keys To The Bay Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8095460
Last Updated: 08/25/2020
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