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11715 126th Ter Largo, FL 33778

3 Beds 1 Baths 1,056 sqft Built 1988

$180,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $170.45
  • 3 Days on Market
  • MLS # : U8113066
  • Updated Date : 02/13/2021 at 18:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,056 sqft
  • Baths : 1 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

**IMMACULATE CHARMING **Well-Maintained 3 bed, 1 bath BLOCK home. This home is BEAUTIFUL and MOVE IN READY! GORGEOUS Kitchen with STAINLESS STEEL APPLIANCES. BATHROOM recently UPDATED with NEW SINK and TUB REGLAZED Jan 2021. A/C was Serviced Jan 2021, and a yearly PEST CONTROL Contract conveys to the new owners until Sept 2021 $450 value. ENJOY the FULLY FENCED-IN BACKYARD with plenty of room to add a pool or just ENJOY Family BBQ's, BONUS INSIDE UTILTY CLOSET with WASHER and DRYER. ADT EQUIPMENT INSTALLED ON ALL DOORS AND WINDOWS with Motion Sensors and Smoke Alarms. Conveniently located close to Beaches, Shopping, Schools, and Restaurants. NO FLOOD ZONE AND NO HOA! ROOF 2017, HOT WATER HEATER 2018, A/C 2009 **HURRY, HURRY THIS WILL SELL FAST!!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Ridgecrest

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Ridgecrest

NeighborhoodNIR 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
Fuguitt Elementary School Primary Regular 609 44 3
Seminole Middle School Middle Regular 1,159 68 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

Seminole Middle School

  • Education Level: Middle
  • # of students: 1,159
  • # of teachers: 68
5
GreatSchools Rating

Seminole High School

  • Education Level: High
  • # of students: 2,133
  • # of teachers: 103
5
GreatSchools Rating
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$625
Property Tax -$233
Property Insurance -$98
Property Management Fees -$129
CASH FLOW
$236

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.

$180,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.73%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

12.33

YEARS SAVED

$34,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,352

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,3503$1,5494$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 11715 126th Ter Largo, FL 1
    • 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1988 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.25
    •  
  • 11301 110th Ter #1 Largo, FL 2
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1970
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.23
    •  
  • 10294 129th Ter Largo, FL 3
    • 4 beds 2 baths ∙ 1,176 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,176 Sqft ∙ Built 1973
    property image
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.32
    •  
  • 12816 128th Ave Largo, FL 4
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1979
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.20
    •  
  • 1602 Taylor Lake Cir Seminole, FL 5
    • 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 2002
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.37
    •  
PROPERTY LISTING DETAILS
Kimberly Rayl
1.727.403.3750
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8113066
Last Updated: 02/13/2021
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