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14290 110th Ter Largo, FL 33774

4 Beds 2 Baths 1,995 sqft Built 1970

$434,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $217.54
  • 7 Days on Market
  • MLS # : U8109522
  • Updated Date : 01/13/2021 at 22:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,995 sqft
  • Baths : 2 full
Listing Agent

Luxury & Beach Realty Inc

Listing Agent's Description

BLOCK 4/2/2 POOL HOME IN A FANTASTIC LOCATION! This home has a wide open floor plan with 4 bedrooms or you could use the 4th bedroom as an office - although it has a closet and a window. The master suite opens out to the dreamy pool area. The split plan puts two bedrooms on one side and two bedrooms on the other side of this spacious almost 2,000 sq ft home - complete with wood burning FIREPLACE and backyard pool, wet bar and deck area. Got Pets? The yard is the ideal size, easy to maintain, and is irrigated with a private well, meaning you have no water bill to keep your grass green. This lovely home has HURRICANE WINDOWS throughout AND HURRICANE shutters. The attractive brick fireplace is wood burning for those chilly nights. In addition the Roof and AC are newer (2015), newer lanai cover (2016), newer rebuilt pool pump and motor (2016), new washer and dryer (2015), 6' privacy fence (2017), French drains and wet bar added (2017), new shed (2018), All upgraded kitchen appliances (2019), newer paint throughout in family fireplace room and guest bedrooms (2020). The flooring throughout underneath the existing flooring is terrazzo. This home is just a hop and a 1.5 mile skip to the beach! It's so close to all sorts of shops, medical facilities, parks, eateries and entertainment. NO FLOOD Insurance required. Just a couple minutes drive to Indian Rocks Beach, this non deed restricted neighborhood is sure to please!

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: 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
 

$390,600$477,400$434,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,507
Property Tax -$534
Property Insurance -$152
Property Management Fees -$129
CASH FLOW
-$43

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.

$434,000

PROJECTED PRICE

$2,280

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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$120,760

INVESTMENT

$120,760

Down Payment
$108,500
Rehab Estimate
$5,750
Closing Costs
$6,510

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,507

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,500
Loan Amount $325,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$27,052

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,249

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2803$2,3754$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 14290 110th Ter Largo, FL 2
    • 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.14
    •  
  • 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
    •  
  • 14898 Imperial Point Dr N Dr N Largo, FL 3
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1972
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.06
    •  
  • 11323 142nd Way Largo, FL 4
    • 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
    •  
  • 13602 Serena Dr Largo, FL 5
    • 4 beds 2 baths ∙ 2,245 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,245 Sqft ∙ Built 1974
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.11
    •  
PROPERTY LISTING DETAILS
Stephanie Slavick
1.303.885.9926
Luxury & Beach Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109522
Last Updated: 01/13/2021
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