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12101 Anchor Way Largo, FL 33778

3 Beds 2 Baths 1,540 sqft Built 1985

$364,998

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $237.01
  • 6 Days on Market
  • MLS # : U8103516
  • Updated Date : 11/07/2020 at 19:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Realty Experts

Listing Agent's Description

Home Sweet Home! From the moment you pull up to this home you smile knowing the care that has been given is clearly visible. 3 bedroom, 2 bathroom, 2-car 1,540 square foot POOL home nestled on a CUL-DE-SAC in the desirable subdivision of Ridge Haven. This immaculate home features a gorgeous kitchen that makes feeding your family or entertaining guests a show stopper! Featuring stainless steel appliances, granite countertops and beautiful cabinets. The living area boasts vaulted ceilings, a beautiful fireplace and stunning travertine flooring. There are 3 decent sized bedrooms with laminate wood flooring and 2 beautiful bathrooms! The garage is oversized and has plenty of space for your toys! Love to be outside? This home is perfect for you! The backyard is fantastic and feels like your own oasis! With French doors leading to the oversized covered, pavered lanai and sundeck and to the gleaming pool and jacuzzi are sure to have you relaxing after a hard day in just moments! Don't believe me? Come see for yourself! I guarantee this home will not disappoint. It doesn't get any better than this! Hurry and book your appointment today before the opportunity gets away! **Room dimensions are approximate and should be verified by buyer**

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: 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
 

$328,498$401,498$364,998

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 -$1,347
Property Tax -$457
Property Insurance -$126
Property Management Fees -$80
CASH FLOW
$61

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.

$364,998

PROJECTED PRICE

$2,070

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$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,474

INVESTMENT

$102,474

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,749
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$38,391

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
  • $1.34

    LIST RENT PER SQFT
  • $1,771

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,7954$2,0705$2,200
$2,200
RENT COMPS ANALYSIS
  • 12101 Anchor Way Largo, FL 4
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $1.34
    •  
  • 1583 Oak Village Dr Seminole, FL 1
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1972
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 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 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.08
    •  
  • 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
Loveda Markley
1.727.656.8291
Realty Experts
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103516
Last Updated: 11/07/2020
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