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12112 Meadowbrook Ln Largo, FL 33774

3 Beds 2 Baths 1,408 sqft Built 1983

$330,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $234.38
  • 4 Days on Market
  • MLS # : U8105031
  • Updated Date : 11/20/2020 at 15:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,408 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Your search is over; this is the epitome of home sweet home. Moments from gulf beaches, with the nationally ranked #1 beach in the country. This meticulously maintained 3-bedroom, 2-bath pool home in Largo is sure to please any buyer. This home features gorgeous crown molding, newer wood-looking laminate with sub-floor padding, stainless steel appliances, marble subway tile backsplash, granite counter tops, and water feature in the pool. The open floor plan provides a light, bright, and airy in-door/outdoor Florida lifestyle. The super high vaulted ceilings only add to the open feel of this gorgeous home. Moving out into the large screened lanai, you will be immersed in the tropical Florida climate while still maintaining a high level of privacy. The beautiful pool with waterfall sets the tone whether you're having a (socially distant) party with friends and family, or just relaxing listening to the sounds of water flowing. Either way, the serene and lush landscaping within the fully fenced in yard will get you in the right mindset. Home is also just a short drive from Indian Rocks Beach, great shopping, great restaurants, and amazing parks and trails. Conveniently located close to both Clearwater & Tampa airports making for easy travel arrangements. This is a MUST SEE for any buyer seeking a move-in ready/turn-key place to call home! The AC is 2017, Roof 2006, Pool Pump less than two weeks old and Water Heater 6 months old. Offers will be reviewed on Sunday 11/22 at 5pm.

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: 33774

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $81k243k

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

Zip Code: 33774

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8611854

* 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
Anona Elementary School Primary Regular 436 32 7
Seminole Middle School Middle Regular 1,159 68 5
Largo High School High Magnet 1,677 86 6

Anona Elementary School

  • Education Level: Primary
  • # of students: 436
  • # of teachers: 32
7
GreatSchools Rating

Seminole Middle School

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

Largo High School

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

$297,000$363,000$330,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,218
Property Tax -$402
Property Insurance -$118
Property Management Fees -$80
CASH FLOW
-$128

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.

$330,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.51%

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-$4.0k-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,946

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,683

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,6003$1,6004$1,6905$1,850
$1,850
RENT COMPS ANALYSIS
  • 12112 Meadowbrook Ln Largo, FL 4
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.20
    •  
  • 12251 Mallory Dr Largo, FL 1
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1972
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.09
    •  
  • 12816 128th Ave Largo, FL 2
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1979
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.20
    •  
  • 13479 127th Ave Largo, FL 3
    • 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1978
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
  • 12677 135th Ln Largo, FL 5
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1971
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.40
    •  
PROPERTY LISTING DETAILS
Mark Middleton
1.727.798.4556
Exp Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8105031
Last Updated: 11/20/2020
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