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
1360 Regina Dr W 
Largo, FL
33770
3 Beds 2 Baths 1,444 sqft
Built 1961
INVESTimate
$259,900
List Price
$74,624
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1961
- Price/Sqft : $179.99
- 3 Days on Market
- MLS # : U8095554
- Updated Date : 08/25/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,444 sqft
- Baths : 1 full , 1 half
Listing Agent
Re/max Realtec Group Inc
Listing Agent's Description
Great home in central Pinellas county in the mid $200s!! This spacious property features a perfect layout, offering a large family room upon entry, 3 good sized bedrooms, 1.5 baths and sliding doors that lead to an additional living room with wood burning fireplace and separate bonus room/office. Home provides plenty of storage, large fenced backyard and a 1 car garage. You'll love the recently refinished terazzo floors throughout the home and the fully updated kitchen with white cabinetry and attractive granite counters. Ceiling fans throughout, roof is less than a year old, and AC 6 years old. Home is being sold in as-is condition with the right to inspect. All measurements are approximate.
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Zip Code: 33770
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33770
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$317 | |
| Property Insurance | -$120 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$44
|
||
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.
$259,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.17% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,624
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
7.33
YEARS SAVED
$27,243
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,596
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
1360 Regina Dr W Largo, 1
- 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1961
- Rent
- Rent Per SQFT
- $1,520
- $1.05
-
710 4th Ave Nw Largo, 2
- 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1965
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,600
- $1.26
-
1849 Betty Ln Largo, 3
- 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1960
LEASED 05/20/20- Rent
- Rent Per SQFT
- $1,645
- $1.06
-
1529 Young Ave Clearwater, 4
- 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1953
LEASED 08/26/19- Rent
- Rent Per SQFT
- $1,700
- $1.05
-
1468 S Evergreen Ave Clearwater, 5
- 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1972
LEASED 10/24/19- Rent
- Rent Per SQFT
- $1,700
- $1.05
PROPERTY LISTING DETAILS
1.727.580.5604
Re/max Realtec Group Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8095554
Last Updated: 08/25/2020
