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1701 S Pebble Beach Blvd Sun City Center, FL 33573

3 Beds 2 Baths 1,960 sqft Built 1989

$235,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $119.90
  • 5 Days on Market
  • MLS # : A4483472
  • Updated Date : 11/13/2020 at 11:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,960 sqft
  • Baths : 2 full
Listing Agent

Kw Suncoast

Listing Agent's Description

One or more photo(s) has been virtually staged. A golf enthusiast's dream, this home is situated on a prime corner lot, directly across from the Sandpiper Club. A long paver driveway welcomes you home to this 3 bed, 2 bath canvas awaiting your touches. At almost 2,000 sq. ft. you'll have plenty options however you'd like to arrange your living space. Bay windows at the front of the home flood sunshine into what was a formal dining room. A quick right from the vaulted entryway would lead you to a bedroom and bath, which can be even more private for guests with the pocket door. To the left of the entry is a spacious utility room, with washer/dryer, sink, and great storage opportunity. The second room is currently outfitted for an office/study, with built in bookcases and desks. A bank of windows at the back of the home brings light through a bonus space and into the living room. Off of this living space is a lovely screened patio area, equipped with a fan, for you to enjoy some serenity. With ample cupboards, and a dine in space, the kitchen is anchored by a beautiful updated refrigerator, stove & sink. Plantation shutters, vaulted ceiling, and 2 closets contribute to a great master bedroom space. The en suite boasts a soaking tub, walk in shower, double vanity, and separate water closet where you'll find a traditional toilet and bidet. Nestled in the active 55+ community of Sun City Center, this property is a waiting for you to make it your own. As a bonus, this home will have a one year Old Republic Home Warranty transfer to the buyer (standard buyer's policy).

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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

Neighborhood: Sun City Center Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k249k

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

Neighborhood: Sun City Center Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8781590

* 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
Cypress Creek Elementary School Primary Regular 649 60 2
Shields Middle School Middle Regular 1,474 99 2
Lennard High School High Regular 1,976 114 4

Cypress Creek Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 60
2
GreatSchools Rating

Shields Middle School

  • Education Level: Middle
  • # of students: 1,474
  • # of teachers: 99
2
GreatSchools Rating

Lennard High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 114
4
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$867
Property Tax -$300
Property Insurance -$150
HOA -$25
Property Management Fees -$80
CASH FLOW
$68

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.

$235,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$26,858

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,620

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4903$1,5004$1,650
$1,650
RENT COMPS ANALYSIS
  • 1701 S Pebble Beach Blvd Sun City Center, FL 2
    • 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.76
    •  
  • 1212 Fordham Dr Sun City Center, FL 1
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1974
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.77
    •  
  • 713 Elkhorn Rd Sun City Center, FL 3
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1989
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 1208 Jasmine Creek Ct Sun City Center, FL 4
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2003
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
PROPERTY LISTING DETAILS
Ann Edwards
1.512.680.9940
Kw Suncoast
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4483472
Last Updated: 11/13/2020
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