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12832 Gorda Cir W Largo, FL 33773

3 Beds 2 Baths 1,516 sqft Built 1985

$334,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $220.91
  • 2 Days on Market
  • MLS # : O5921348
  • Updated Date : 02/06/2021 at 22:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,516 sqft
  • Baths : 2 full
Listing Agent

G World Properties

Listing Agent's Description

DON'T MISS THIS OPPORTUNITY. Cozy 3BR/2BA pool home in one of Largo’s premier neighborhoods, Pinebrook Estates.No HOA!! Recently remodeled with convenience and style in mind. Open floor plan and all on one level with a wood-burning fireplace. Kitchen with Corian countertops and renovated cabinets. The prediction is you’ll spend an inordinate amount of time in the SOLAR-HEATED pool with screen enclosure It’s even lighted for night swims! newer hot water heater, pool filter, ceiling fans, smoke detectors, gutters, downspouts, roof 2016, A/C and windows, too. Priced to sell and won’t last long!

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: 33773

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $79k238k

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

Zip Code: 33773

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8611590

* 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
Walsingham Elementary School Primary Regular 563 43 3
Fitzgerald Middle School Middle Magnet 1,137 68 4
Pinellas Park High School High Magnet 2,173 109 4

Walsingham Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 43
3
GreatSchools Rating

Fitzgerald Middle School

  • Education Level: Middle
  • # of students: 1,137
  • # of teachers: 68
4
GreatSchools Rating

Pinellas Park High School

  • Education Level: High
  • # of students: 2,173
  • # of teachers: 109
4
GreatSchools Rating
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,163
Property Tax -$408
Property Insurance -$124
Property Management Fees -$129
CASH FLOW
-$54

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.

$334,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.53%

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-$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$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,163

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$19,195

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,774

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7704$1,7755$1,800
$1,800
RENT COMPS ANALYSIS
  • 12832 Gorda Cir W Largo, FL 3
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.17
    •  
  • 2053 Palm Way Largo, FL 1
    • 4 beds 2 baths ∙ 1,330 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,330 Sqft ∙ Built 1975
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.24
    •  
  • 12732 Pineforest Way E Largo, FL 2
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2002
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.11
    •  
  • 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
    •  
  • 8189 Perth Dr Largo, FL 5
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1988
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.12
    •  
PROPERTY LISTING DETAILS
Jessica Fritts
1.407.860.4636
G World Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921348
Last Updated: 02/06/2021
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