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11106 Maxton Way N Pinellas Park, FL 33782

3 Beds 2 Baths 1,764 sqft Built 1980

$299,800

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $169.95
  • 5 Days on Market
  • MLS # : U8103188
  • Updated Date : 11/02/2020 at 10:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,764 sqft
  • Baths : 2 full
Listing Agent

Century 21 Top Sales

Listing Agent's Description

Beautiful 3 bedrooms, 2 baths, 1 car garage home, freshly painted inside and out. This home features 1,764 heated sq.ft., new kitchen cabinets, new kitchen granite counter top, brand new stainless steel appliances, new bath, new ceramic tile flooring throughout the living room, kitchen, family room, bathroom and all bedrooms

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: 33782

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Zip Code: 33782

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7391590

* 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
Cross Bayou Elementary School Primary Regular 492 45 4
Fitzgerald Middle School Middle Magnet 1,137 68 4
Pinellas Park High School High Magnet 2,173 109 4

Cross Bayou Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 45
4
GreatSchools Rating

Fitzgerald Middle School

  • Education Level: Middle
  • # of students: 1,137
  • # of teachers: 68
4
GreatSchools Rating

Pinellas Park High School

  • Education Level: High
  • # of students: 2,173
  • # of teachers: 109
4
GreatSchools Rating
 

$269,820$329,780$299,800

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,106
Property Tax -$381
Property Insurance -$139
Property Management Fees -$80
CASH FLOW
$74

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.

$299,800

PROJECTED PRICE

$1,780

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$85,197

INVESTMENT

$85,197

Down Payment
$74,950
Rehab Estimate
$5,750
Closing Costs
$4,497

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,106

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,950
Loan Amount $224,850
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$31,804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,914

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,6003$1,6504$1,7455$1,780
$1,780
RENT COMPS ANALYSIS
  • 11106 Maxton Way N Pinellas Park, FL 5
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.01
    •  
  • 5770 93rd Ave N Pinellas Park, FL 1
    • 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1961
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.09
    •  
  • 6257 107th Ave N #n Pinellas Park, FL 2
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1979
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 11801 67th Ln Largo, FL 3
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1999
    property image
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 9923 57th Way N Pinellas Park, FL 4
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1985
    property image
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $1.16
    •  
PROPERTY LISTING DETAILS
Alex Fung
1.727.642.3388
Century 21 Top Sales
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103188
Last Updated: 11/02/2020
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