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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33774
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$120,760
LOAN DETAILS
$1,507
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $108,500 |
| Loan Amount | $325,500 |
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
-
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
1.303.885.9926
Luxury & Beach Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8109522
Last Updated: 01/13/2021
