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11441 130th Ave Largo, FL 33778

4 Beds 2 Baths 1,934 sqft Built 1973

$389,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $201.14
  • 7 Days on Market
  • MLS # : T3275302
  • Updated Date : 11/13/2020 at 09:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,934 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Next Generation Realty

Listing Agent's Description

Escape to a tropical paradise in the privacy of your own back yard where an easy to maintain POOL awaits you including a rock waterfall flowing into it, and is surrounded by a brand new 6 ft. vinyl privacy fence, Xeriscape palm tree filled back yard, will provide you nothing but relaxation. Until you decide to head over to Florida's world renowned beaches 10 minute drive, it's everything Florida has to offer, but NO FLOOD INSURANCE required! Shopping is conveniently located right around the corner, making this location impossible to beat. This open concept home is light and bright, loaded with closets, Gorgeous Hardwood floors, fresh paint inside and out, new gutters & fascia, roof 2018, a/c 2015 including many other updates. This RARE corner lot home boasts an extra wide driveway, 4 bedrooms, & great schools...

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

Zip Code: 33778

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $79k238k

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

Zip Code: 33778

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8611640

* 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
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,435
Property Tax -$474
Property Insurance -$149
Property Management Fees -$80
CASH FLOW
-$68

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.

$389,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.53%

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$1.2M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$26,245

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,103

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9503$2,0004$2,0705$2,150
$2,150
RENT COMPS ANALYSIS
  • 11441 130th Ave Largo, FL 4
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $1.07
    •  
  • 11783 112th Ave Seminole, FL 1
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1979
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.08
    •  
  • 11107 109th Way Seminole, FL 2
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1960
    LEASED 05/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.11
    •  
  • 734 Valencia Dr N Largo, FL 3
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1957
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 11047 112th Ave Seminole, FL 5
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 1982
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.12
    •  
PROPERTY LISTING DETAILS
Kathryn Rankin
1.352.422.0355
Coldwell Banker Next Generation Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275302
Last Updated: 11/13/2020
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