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11448 130th Ave Largo, FL 33778

3 Beds 2 Baths 1,853 sqft Built 1973

$319,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $172.15
  • 8 Days on Market
  • MLS # : T3268696
  • Updated Date : 11/08/2020 at 19:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,853 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Difficult to find fairly competitively pool home in Orangewood Estates. Huge corner lot and pool deck along with extended Florida room. Appears outdated, and needs some updating, but is in good condition and includes newer A/C and water heater. Just south of Ulmerton off 113th for convenience, but far enough back to avoid any road noise. No flood insurance required.

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
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,177
Property Tax -$389
Property Insurance -$144
Property Management Fees -$80
CASH FLOW
$170

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.

$319,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.61%

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$47,180

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,969

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,649
1$1,6492$1,6503$1,7954$1,9605$2,000
$2,000
RENT COMPS ANALYSIS
  • 11448 130th Ave Largo, FL 4
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.06
    •  
  • 10397 127th Pl Largo, FL 1
    • 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1960
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.06
    •  
  • 12217 104th Ln Largo, FL 2
    • 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
    •  
  • 11783 112th Ave Seminole, FL 3
    • 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
    •  
  • 734 Valencia Dr N Largo, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Eric Bade
1.813.310.3254
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3268696
Last Updated: 11/08/2020
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