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14172 Chamberlain Ave Largo, FL 33774

3 Beds 2 Baths 1,530 sqft Built 1961

$425,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $277.78
  • 10 Days on Market
  • MLS # : U8109846
  • Updated Date : 01/23/2021 at 18:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,530 sqft
  • Baths : 2 full
Listing Agent

Coastal Properties Group

Listing Agent's Description

Don't miss this updated and beautiful move in ready home. 3+ bedroom, 2 bath, Screen enclosed pool home in Largo/Seminole. This home offers much more room than shown on public record. This is Florida living at it's finest. All the amenities that you could want and need in this move in ready home. Potential for 4th bedroom off the kitchen in the 3 car garage with 2nd bath already to attach and still keep your 2 car garage. Extra bonus room in the back of the house being used as a game room could be a very large home office or 5th bedroom. It has a closet. Must see! Attached is a list of all the updates and upgrades. New Kitchen cabinets, counters, backsplash lighting and floors. (Island Does Not Convey) New Smartcore Ultra premium waterproof flooring. New interior paint throughout. New lighting. New bathtub and surround and vanity and flooring and much more. A/C December 2016. Concrete roof tiles Roof was resealed in 2016. Back roof 2020. No leaks. Newer water heater. updated electric panel. 1.2 miles from IRB in an X Flood Zone. Close to schools, shopping Restaurants and all that Florida has to offer. Showings between 10:00 am - 5:00 pm daily by appointment only

SEE MORE

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

Zip Code: 33774

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $81k243k

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

Zip Code: 33774

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8611854

* 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,476
Property Tax -$523
Property Insurance -$125
Property Management Fees -$129
CASH FLOW
-$163

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.

$425,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.49%

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-$5.0k$0.0$5.0k$10k$15k

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$16,740

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $1,847

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,8003$1,8954$2,0005$2,090
$2,090
RENT COMPS ANALYSIS
  • 14172 Chamberlain Ave Largo, FL 5
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.37
    •  
  • 12251 Mallory Dr Largo, FL 1
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1972
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.09
    •  
  • 14160 Valentine Trl Largo, FL 2
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1955
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.16
    •  
  • 11071 Iroquois Way Largo, FL 3
    • 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
    •  
  • 13851 102nd Ave Largo, FL 4
    • 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
    •  
PROPERTY LISTING DETAILS
Karen Gutapfel
1.727.657.2556
Coastal Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109846
Last Updated: 01/23/2021
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