Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $213.15
- 3 Days on Market
- MLS # : U8109222
- Updated Date : 01/08/2021 at 18:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,384 sqft
- Baths : 2 full
Listing Agent
Keller Williams Rlty Seminole
Listing Agent's Description
Located in Pinebrook Estates, one of Pinellas County’s most conveniently situated neighborhoods, this 3 Bedroom, 2 bath home has been intelligently updated to allow the new owner ultimate peace of mind for years to come. Updates include hurricane rated windows and sliders, roof replaced just 2 years ago offering over 20 years of life, brand new vinyl fence, HVAC from 2016 and updated wood flooring in living room and all the bedrooms, just to name a few of the improvements! From the moment you drive up, you will feel the sense of pride in ownership that has been taken as you walk up the walkway lined by meticulously maintained landscaping. As you walk in, you’ll have plenty of options whether it’s to sit and relax in your living room or head over to the right where you will enjoy plenty of family time in the kitchen/dining/family room combo. The open concept kitchen has storage overload allowing you to maximize every area plus the charming convenience of natural light entering through the kitchen window and large hurricane impact sliders that take you to the spacious back yard. All rooms offer plenty of space and have the added convenience of high-end ceiling fans with added lighting. The master bedroom offers lots of storage, access to the back yard, plus a floor safe to keep all of your valuables in. Make sure to take a walk around the entire back yard that offers plenty of options for a play area on the opposite side! Pinebrook offers a community park with basketball courts and even a playground for the pups!
SEE MORE
- 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
Neighborhood: Pinebrook Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pinebrook Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$360 | |
| Property Insurance | -$117 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$70
|
||
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.
$295,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
7.58
YEARS SAVED
$28,080
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$1.23
LIST RENT PER SQFT
-
$1,837
COMP ESTIMATED VALUE -
$1.33
COMP AVG. RENT PER SQFT
Comps Range
-
12170 68th Way Largo, FL 1
- 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,700
- $1.23
-
6421 Elmhurst Dr N Pinellas Park, FL 2
- 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1978
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.41
-
11134 Oakhaven Dr N Pinellas Park, FL 3
- 4 beds 2 baths ∙ 1,335 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,335 Sqft ∙ Built 1979
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,750
- $1.31
-
11840 69th Way Largo, FL 4
- 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1979
LEASED 08/24/19- Rent
- Rent Per SQFT
- $1,775
- $1.21
-
7280 118th Ter Largo, FL 5
- 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1981
LEASED 11/15/19- Rent
- Rent Per SQFT
- $1,950
- $1.38
PROPERTY LISTING DETAILS
1.951.201.8144
Keller Williams Rlty Seminole
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8109222
Last Updated: 01/08/2021
