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1750 Meredith Ln Belleair, FL 33756

3 Beds 2 Baths 1,491 sqft Built 1966

INVESTimate

$359,000

List Price

$2,080

$1,872 - $2,288

Rent Est.

$370,775  ( +3.28%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1966
  • Price/Sqft : $240.78
  • 10 Days on Market
  • MLS # : U8094750
  • Updated Date : 08/24/2020 at 20:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,491 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

72 HOUR HOME SALE! CALL IMMEDIATELY! Hi there! Welcome to the beautiful and historical city of Belleair FL. I happen to be located on a HUGE corner lot, being several 1000’s of sq. ft larger than others in the area. I have two driveways, so no need to worry about parking during family gatherings. I even forgot to mention that inside I have a fully enclosed Florida room that adds SO much more entertaining space! With Belleair being such a great city to live in, you can’t forget about the beaches so close by, I mean you’re minutes away from Sand Key, Belleair, Clearwater and Indian Rocks beach! You’ll never miss another sunset again. Happen to have a boat? No worries, the boat ramps are nearby as well, right at the Belleair Causeway for your use. Get your exercise in by taking a walk or bike ride on the Pinellas Trail just minutes away. If you enjoy golf then there is no other place greater than my home. The historical Belleair Country / Golf Club is just 10 minutes away plus there is the brand-new Pelican Golf Club being finished and is even closer and will be bringing some of the best talent in the world in for events near the end of 2020! I’m the perfect home ready for you to make me your own and I can’t wait to meet my new family.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Belleair

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k454k

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

Neighborhood: Belleair

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9052847

* 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
Mildred Helms Elementary School Primary Regular 583 45 4
Largo Middle School Middle Regular 733 44 3
Largo High School High Magnet 1,677 86 6

Mildred Helms Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 45
4
GreatSchools Rating

Largo Middle School

  • Education Level: Middle
  • # of students: 733
  • # of teachers: 44
3
GreatSchools Rating

Largo High School

  • Education Level: High
  • # of students: 1,677
  • # of teachers: 86
6
GreatSchools Rating
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,325
Property Tax -$458
Property Insurance -$123
Property Management Fees -$80
CASH FLOW
$95

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.

$359,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.28%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$42,957

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $1,748

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,8003$1,8004$2,0005$2,080
$2,080
RENT COMPS ANALYSIS
  • 1750 Meredith Ln Belleair, 5
    • 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.40
    •  
  • 460 Mehlenbacher Rd Belleair, 1
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1974
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.10
    •  
  • 2080 Overbrook Ave N Belleair Bluffs, 2
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1973
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.16
    •  
  • 304 Mehlenbacher Rd Belleair, 3
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1972
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.15
    •  
  • 720 Lentz Rd Belleair Bluffs, 4
    • 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1969
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.28
    •  
PROPERTY LISTING DETAILS
Matthew Micozzi
1.727.222.7588
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8094750
Last Updated: 08/24/2020
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