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118 Huntington Dr Largo, FL 33771

3 Beds 2 Baths 1,518 sqft Built 1960

$290,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $191.04
  • 3 Days on Market
  • MLS # : U8109281
  • Updated Date : 01/09/2021 at 16:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,518 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Updated & Minutes to Beach with this 3/2 POOL with Large backyard. Get ready to fall in love with this open concept split plan home with a newer roof (2018) and updated A/C systems (2016 & 2017). As you enter the home you'll notice the light & bright dining area that has flexibility for use as living space. The kitchen is the heart of the home & includes a gorgeous breakfast/bar, ample storage, corian countertop with great space to entertain. The spacious great room which is fully tiled, includes double sliders with backyard views, and enjoys easy access to the covered patio for BBQ's poolside. The master suite retreat (17x14) boasts 2 closets one of which is an x-large walk-in, an on-suite bath, newer vanity with shower/tub combo. Those looking for outdoor space will love the covered patio, fenced backyard, and extra fenced pool with large deck area. This homesite has even more dedicated land space to enjoy on the north side of the property. Other improvements include newer modern exterior paint, newer water softener (owned), easy maintenance landscaping, extended driveway, and extra parking pad. Make this beautiful home yours today! Follow COVID guide-lines for showing. Pre-Qual must be emailed prior to showing.

SEE MORE

MARKET HIGHLIGHTS

  • 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: 33771

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $66k238k

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

Zip Code: 33771

ZipNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6911590

* 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
Belcher Elementary School Primary Regular 673 50 4
Largo Middle School Middle Regular 733 44 3
Largo High School High Magnet 1,677 86 6

Belcher Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 50
4
GreatSchools Rating

Largo Middle School

  • Education Level: Middle
  • # of students: 733
  • # of teachers: 44
3
GreatSchools Rating

Largo High School

  • Education Level: High
  • # of students: 1,677
  • # of teachers: 86
6
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,007
Property Tax -$353
Property Insurance -$124
Property Management Fees -$129
CASH FLOW
$136

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.

$290,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.60%

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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$34,346

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,768

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,7003$1,7504$1,9005$1,949
$1,949
RENT COMPS ANALYSIS
  • 118 Huntington Dr Largo, FL 3
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.15
    •  
  • 200 Country Club Dr #905 Largo, FL 1
    • 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1972
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.19
    •  
  • 1107 Stephen Foster Dr Largo, FL 2
    • 3 beds 3 baths ∙ 1,489 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,489 Sqft ∙ Built 1963
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.14
    •  
  • 3402 Floral Dr Largo, FL 4
    • 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1959
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.16
    •  
  • 7326 Norwich Ln Clearwater, FL 5
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1973
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,949
    • $1.17
    •  
PROPERTY LISTING DETAILS
Blake Smereczynsky
1.727.410.6859
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109281
Last Updated: 01/09/2021
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