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11374 126th Ave Largo, FL 33778

4 Beds 2 Baths 1,759 sqft Built 1972

$334,500

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $190.16
  • 6 Days on Market
  • MLS # : U8110467
  • Updated Date : 01/22/2021 at 13:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,759 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

Don't miss this lovely ,fully renovated 4 bedrooms, 2 baths,1 car garage over 1780 heated sqft in a perfect Mid County area with plenty of room for your family to spread out.Located just steps away to the fabulous & the most desirable Walsingham Park ,2 min of great outdoor shopping centers (Largo Mall & Seminole City Center) 7 min from Gulf beaches & 20 min from Tampa Airport, this place with all the upgrades is a true piece of paradise. You will be impressed when entering through charming front porch with porcelain tile to the open concept floor plan with a new modern kitchen installed & permitted from Lowe's w/ extra cabinets-soft grips), high quality granite countertops with SS energy efficient appliances( Samsung/Whirlpool)with natural-stoned backslash for a modern finished look. Enjoy many upgrades such as remodeled 2 bathrooms, new electric and tankless water heater ,new ceramic tile floors installed, low energy-efficient windows, Led lights, ceiling fans,blinds, plumbing, washer/dryer convey ,electrical, freshly paint, solar security cameras,attic was professionally cleaned and R- 38 insulation (against moisture & insects was performed 3 years ago) Roof & HVAC ( 7 years old) is well maintained,routinely service and is on excellent working condition.This house has low utilities bills( water/trash/sewer $ 65 per month & Electric bill $100-$ 150 on summer time, Homeowner insurance $ 1700 per year).NO FLOOD INSURANCE required. Master bedroom suites is double size with vaulted ceilings ,spacious and opened through hurricane rated sliding door to the private deck on the beautiful covered deck surrounded by huge fenced backyard with high quality St. Augustine grass for the full enjoyment & family entertainment. Split bedrooms floor plans are excellent for privacy.All the 3 bedrooms have big and customized closets for more storages.Survey and floor plan available! Zoned for award winning SCHOOLS Osceola Middle & Seminole High, this move in ready home is 4 miles of intercoastal and less than 3 miles from Lake Seminole. Centrally located to Walsingham County Park you will love all the amenities such as :boat ramp,fishing platform & fitness center,playground, dog park,picnic shelters ,6 mile trail all with No HOA fees .Buyers must verify all the measurements! Bring all the offers!All financing available!Call your Realtor today to set up an appointment! A must see !!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Walsingham Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $77k238k

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

Neighborhood: Walsingham Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8021590

* 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
Fuguitt Elementary School Primary Regular 609 44 3
Osceola Middle School Middle Regular 1,162 65 5
Seminole High School High Regular 2,133 103 5

Fuguitt Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 44
3
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
 

$301,050$367,950$334,500

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,162
Property Tax -$407
Property Insurance -$139
Property Management Fees -$129
CASH FLOW
$83

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.

$334,500

PROJECTED PRICE

$1,920

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
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$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$94,393

INVESTMENT

$94,393

Down Payment
$83,625
Rehab Estimate
$5,750
Closing Costs
$5,018

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,625
Loan Amount $250,875
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$32,063

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,080

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,9204$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 11374 126th Ave Largo, FL 3
    • 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.09
    •  
  • 12217 104th Ln Largo, FL 1
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1977
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.07
    •  
  • 11320 111th Ave Seminole, FL 2
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1957
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.12
    •  
  • 11783 112th Ave Seminole, FL 4
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1979
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.20
    •  
  • 11440 130th Ave Largo, FL 5
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1972
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.34
    •  
PROPERTY LISTING DETAILS
Greta Murati
1.727.678.6674
Coldwell Banker Residential
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8110467
Last Updated: 01/22/2021
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