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13692 Placid Dr Largo, FL 33774

4 Beds 2 Baths 1,832 sqft Built 1972

$449,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $245.58
  • 2 Days on Market
  • MLS # : U8107365
  • Updated Date : 12/13/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,832 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Don't miss this fabulous 4 bedroom 2 bathroom 2 car garage beauty located in Hillcrest Manor! As you pull up to this wonderful home you'll love the lush landscaping on the corner lot! Enter through the double doors and you'll see the ceramic tile throughout, crown molding and recessed lighting! An inside laundry room is located just off the 2 car garage! This home features a separate living room and family room and has 2 sliding door entrances to the screened back patio and to the hot tub on the pool deck! All the windows have been updated and there's even a pass through window to the back patio for entertaining family and friends! The back yard is the perfect spot to relax by the 15x35 swimming pool and enjoy the tropical landscaping and large backyard! The double gate side entry is ideal for boat or small camper storage and even has a newer vinyl fence for your privacy! This fantastic home also includes a Lifebreath TFP air cleaner on the a/c system and hurricane shutters for your protection! Schedule your showing today because this amazing home will not last long!!

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MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hillcrest Mannor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $81k391k

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

Neighborhood: Hillcrest Mannor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8612143

* 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
Seminole High School High Regular 2,133 103 5

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

Seminole High School

  • Education Level: High
  • # of students: 2,133
  • # of teachers: 103
5
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,660
Property Tax -$553
Property Insurance -$143
HOA -$4
Property Management Fees -$129
CASH FLOW
-$139

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.

$449,900

PROJECTED PRICE

$2,350

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$25,514

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $2,290

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$2,0004$2,3505$2,450
$2,450
RENT COMPS ANALYSIS
  • 13692 Placid Dr Largo, FL 4
    • 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.28
    •  
  • 11071 Iroquois Way Largo, FL 1
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1973
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.24
    •  
  • 12619 137th Ln Largo, FL 2
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1971
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.13
    •  
  • 13851 102nd Ave Largo, FL 3
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1977
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.34
    •  
  • 11323 142nd Way Largo, FL 5
    • 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1971
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.29
    •  
PROPERTY LISTING DETAILS
Dean Shafer
1.727.410.4040
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8107365
Last Updated: 12/13/2020
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