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9537 Groveland St Seminole, FL 33772

4 Beds 2 Baths 1,340 sqft Built 1971

$299,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $223.13
  • 3 Days on Market
  • MLS # : U8109417
  • Updated Date : 01/09/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,340 sqft
  • Baths : 2 full
Listing Agent

Pyramid Realty Inc.

Listing Agent's Description

Calling all buyers! Are you looking for a 4 bedroom 2 bath in Seminole, how about under $300,000. Kitchen has been remodeled with new cabinets and new appliances. Bathrooms remodeled, New baseboards, freshy painted interior and exterior. Approximately 10 minute drive to Madeira Beach Access and approximately 5 minute drive to Seminole City Center and Pinellas Trail. Room Sizes are approximate, buyer to verify measurements and pertinent information.

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: 33772

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k256k

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

Zip Code: 33772

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781803

* 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
Seminole Elementary School Primary Regular 641 45 4
Osceola Middle School Middle Regular 1,162 65 5
Seminole High School High Regular 2,133 103 5

Seminole Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 45
4
GreatSchools Rating

Osceola Middle School

  • Education Level: Middle
  • # of students: 1,162
  • # of teachers: 65
5
GreatSchools Rating

Seminole High School

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

$269,100$328,900$299,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,039
Property Tax -$376
Property Insurance -$114
Property Management Fees -$129
CASH FLOW
-$127

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.

$299,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$11,097

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,578

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,5004$1,5305$1,875
$1,875
RENT COMPS ANALYSIS
  • 9537 Groveland St Seminole, FL 4
    • 4 beds 2 baths ∙ 1,340 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,340 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.14
    •  
  • 11102 Freedom Way Seminole, FL 1
    • 3 beds 1 baths ∙ 1,236 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,236 Sqft ∙ Built 1972
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.13
    •  
  • 10939 87th Ave Seminole, FL 2
    • 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,258 Sqft ∙ Built 1962
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.15
    •  
  • 11414 88th Ter Seminole, FL 3
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1965
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.18
    •  
  • 11275 90th Ter Seminole, FL 5
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1976
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.25
    •  
PROPERTY LISTING DETAILS
Andrea Grutman
1.727.492.2839
Pyramid Realty Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109417
Last Updated: 01/09/2021
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