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1241 12th Ct Sw Largo, FL 33770

4 Beds 3 Baths 1,734 sqft Built 1963

$349,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $201.27
  • 3 Days on Market
  • MLS # : T3290680
  • Updated Date : 02/19/2021 at 16:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,734 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Tampa Central

Listing Agent's Description

Check out this beauty! Boasting 4 bedrooms, 3 full bathrooms, a fully fenced in backyard and LOADS of upgrades! The charm of this home pulls you in immediately upon arrival. Entering, you will notice the open flow through the main living areas. New waterproof laminate vinyl flooring has been placed throughout, and there are new bottom cabinets in the kitchen as well! In the kitchen the dishwasher, microwave, and range will all be brand NEW! Other upgraded features include: a brand new AC, ceiling fans, light fixtures, switches, shower fixtures, outside light fixtures, sinks, AND a brand new vanity in the main bathroom! The plumbing was replaced for 2 new toilets as well! All of the exterior doors have been replaced including a beautiful set of French Doors. The backyard has a patio ready for furniture to sit and wind down a long week. This home is wonderfully located between Taylor Park and the Pinellas Park, and only 5 miles from the beach perfect for the Florida lifestyle! Ridgecrest Elementary School is right down the street, and as a bonus, this home is situated on a cul-de-sac! Do not miss the opportunity to make this home yours and call us today to schedule your 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: 33770

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $81k238k

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

Zip Code: 33770

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8611674

* 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
Ridgecrest Elementary School Primary Magnet 790 52 6
Largo Middle School Middle Regular 733 44 3
Largo High School High Magnet 1,677 86 6

Ridgecrest Elementary School

  • Education Level: Primary
  • # of students: 790
  • # of teachers: 52
6
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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,212
Property Tax -$425
Property Insurance -$137
Property Management Fees -$129
CASH FLOW
-$103

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.

$349,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.52%

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,068

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,899

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,7994$1,8005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1241 12th Ct Sw Largo, FL 4
    • 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1963 4 beds 3 baths ∙ 1,734 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
  • 1701 Madrid Dr Largo, FL 1
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1960
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
  • 962 Nolan Dr Largo, FL 2
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.15
    •  
  • 1938 Tropic Blvd N Largo, FL 3
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1973
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.14
    •  
  • 734 Valencia Dr N Largo, FL 5
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1957
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
PROPERTY LISTING DETAILS
Matthew Cooper, Llc
1.813.865.0700
Keller Williams Tampa Central
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3290680
Last Updated: 02/19/2021
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