Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1852 Whispering Dr W Largo, FL 33771

3 Beds 2 Baths 1,228 sqft Built 1984

INVESTimate

$264,900

List Price

$1,420

$1,278 - $1,562

Rent Est.

$278,595  ( +5.17%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $215.72
  • 2 Days on Market
  • MLS # : U8095512
  • Updated Date : 08/25/2020 at 14:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,228 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

LOOK at this great opportunity to buy a beautifully updated 3 bedroom 2 bath family home with fenced backyard and attached garage centrally located in the heart of LARGO. The entryway features beautiful flagstone and travertine tile leading up to glass storm door and gorgeous custom side pane stained glass window, providing beauty and sunlight upon entryway and custom nook area inside. This amazing home features a large and bright eat-in kitchen where you will love preparing your family meals and includes newer stainless appliances, countertops, backsplash, ceiling cove, lighting, shiplap wall covering and breakfast bar open to living area. The cozy and large living area offers soaring cathedral ceilings and lighting with sliding doors leading to covered and screened room with travertine tile. Escape into the Master suite with a private bath updated with custom tile, vanity and custom barn door. French doors in master bedroom lead to patio deck overlooking backyard and amazing outdoor oasis. This amazing outdoor space features a brand new farmhouse chic bar with electricity for entertaining guests. Large patio includes 18” pavers with Fire Pit and a golf putting green for outside FUN!! Beyond the patio you will also find a large backyard with a shed and plenty of room for gardening. The two additional bedrooms are bright and spacious with laminate/carpet flooring throughout. Many other home updates include newer laminate flooring, interior doors, base boards and trim, interior paint, custom lighting and so much more. This is the perfect home ready for its new owners, located with quick access to the beautiful gulf beaches, great restaurants, shopping, schools and east commute to Tampa, Clearwater and St. Petersburg. MOTIVATED SELLERS!!! Schedule your showing today!

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

Zip Code: 33771

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $66k238k

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

Zip Code: 33771

ZipNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6911590

* 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
Southern Oak Elementary School Primary Regular 668 53 7
Largo Middle School Middle Regular 733 44 3
Largo High School High Magnet 1,677 86 6

Southern Oak Elementary School

  • Education Level: Primary
  • # of students: 668
  • # of teachers: 53
7
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
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$977
Property Tax -$323
Property Insurance -$108
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.

$264,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.17%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$16,042

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,421

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,4203$1,5004$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 1852 Whispering Dr W Largo, 2
    • 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.16
    •  
  • 3595 138th Ave Largo, 1
    • 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1979
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.19
    •  
  • 3177 Whispering Dr S Largo, 3
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1984
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 14875 Cromwell Dr Clearwater, 4
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1984
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.14
    •  
  • 8371 125th Pl Largo, 5
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1982
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.19
    •  
PROPERTY LISTING DETAILS
Dianna Mcdonald
1.727.365.7181
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8095512
Last Updated: 08/25/2020
BESbswy