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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $201.97
- 25 Days on Market
- MLS # : U8111390
- Updated Date : 02/20/2021 at 20:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,728 sqft
- Baths : 2 full
Listing Agent
Fl Investment Realty Llc
Listing Agent's Description
LOCATION, LOCATION, LOCATION! VERY CLOSE TO THE BEACH AND NO FLOOD INSURANCE, NO HOA, NO CDD. This marvelous updated spacious 3 bedroom 2-bathroom 1 car garage, screened porch house is perfectly situated with in a short bike distance to the beautiful Gulf beaches. This perfect house with open floor plan has a large fenced in corner lot with plenty space for a pool and additional parking for cars, boats and RV. The house has brand new waterproof laminate floor throughout, new AC in 2019, new water heater and new painting inside and outside, new beautiful light fixtures, updated master bathroom. It is minutes from Baypines Regional VA facility, Pinellas Trail is just up the road, ride across to Boca Ciega Bay to enjoy boating and canoeing, beautiful waterfront park, new shopping center with Walmart, new restaurants and coffee shops, new Seminole mall. Enjoy being close to beaches, shopping and high rated Seminole schools. Great location within Madeira Beach Fundamental, Orange Grove Elementary and Seminole High School district. Only 2.5 miles away to Baypines boat ramp and canoe launch or walk an evening stroll only 2.3miles to Madiera Beach. Flat roof was replaced October 2017 and the electrical panel was updated in 2017. It doesn't get better than this, make arrangements to see this great home today! MAKE THIS HOUSE A MONEY MAKER RENTING IT ON AIRBNB. New Kitchen can be installed before closing. See the attachment. New roof will be installed with the acceptable offer. Owner is motivated.
SEE MORE
- 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: 33708
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33708
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,212 |
| Property Tax | -$439 | |
| Property Insurance | -$137 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$37
|
||
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.
$349,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,235
LOAN DETAILS
$1,212
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
5.67
YEARS SAVED
$22,435
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$2,125
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
11146 51st Ave N St Petersburg, FL 3
- 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1964
- Rent
- Rent Per SQFT
- $1,880
- $1.09
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11160 53rd Ave N St Petersburg, FL 1
- 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1956
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,650
- $1.17
-
10291 Blossom Lake Dr Seminole, FL 2
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1964
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,800
- $1.12
-
11029 51st Ave N St Petersburg, FL 4
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1952
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,900
- $1.34
-
11400 Walker Ave Seminole, FL 5
- 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1964
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,100
- $1.29
PROPERTY LISTING DETAILS
1.727.363.6000
Fl Investment Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8111390
Last Updated: 02/20/2021
