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12912 128th Ln Largo, FL 33774

4 Beds 4 Baths 2,032 sqft Built 1978

$349,900

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $172.19
  • 2 Days on Market
  • MLS # : T3276225
  • Updated Date : 11/15/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,032 sqft
  • Baths : 3 full , 1 half
Listing Agent

5 Stars Plus Real Estate Services

Listing Agent's Description

WOW!!! Completely remodeled 4 bedrooms & 3.5 bath 1 car garage home in no flood zone! It offers a floor plan with over 2000 sqft and 2 master suites with on suite bathrooms! New wood kitchen cabinets with soft close technology, new exquisite granite counter tops and new Samsung stainless steel appliance package. Completely remodeled bathrooms with new tile & vanities . Repainted inside and out. We can add to the list a new roof, new windows, new AC system, new switches and plugs, new electric water heater, new doors, new electrical panel, new plumbing fixtures, new lighting fixtures and new waterproof floors through out the house! GIGANTIC Master bedroom with HUGE walk in closets! On suite HUGE master bath with double vanities and separate stand up tile shower big enough for 3 persons! Extra storage room in the house as well as inside generous laundry room. Beautiful fenced in yard so your pet can enjoy running around in privacy! Niche & extremely sought after area located less then 5 minutes away from malls, shops, major roads yet tucked in a quite and beautiful neighborhood! Come see your home today!

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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

Neighborhood: Mill Pond

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k266k

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

Neighborhood: Mill Pond

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8301618

* 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
Oakhurst Elementary School Primary Regular 731 52 7
Seminole Middle School Middle Regular 1,159 68 5
Largo High School High Magnet 1,677 86 6

Oakhurst Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 52
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
 

$314,910$384,890$349,900

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,291
Property Tax -$426
Property Insurance -$155
Property Management Fees -$80
CASH FLOW
$338

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.

$349,900

PROJECTED PRICE

$2,290

PROJECTED RENT

0.65%

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$25k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

11.33

YEARS SAVED

$69,579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,245

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1953$2,2904$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 12912 128th Ln Largo, FL 3
    • 4 beds 4 baths ∙ 2,032 Sqft ∙ Built 1978 4 beds 4 baths ∙ 2,032 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.13
    •  
  • 14294 Thacher Ave Largo, FL 1
    • 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 1983
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
  • 1078 Honeysuckle Ln Largo, FL 2
    • 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 1972
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.01
    •  
  • 803 Alamanda Dr Largo, FL 4
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1964
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.15
    •  
  • 307 Crestwood Ln Largo, FL 5
    • 3 beds 3 baths ∙ 1,978 Sqft ∙ Built 1959 3 beds 3 baths ∙ 1,978 Sqft ∙ Built 1959
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.21
    •  
PROPERTY LISTING DETAILS
Chant Karajian
1.813.810.7099
5 Stars Plus Real Estate Services
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276225
Last Updated: 11/15/2020
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