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1876 Pine St Largo, FL 33774

4 Beds 2 Baths 1,877 sqft Built 1971

$275,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $146.51
  • 3 Days on Market
  • MLS # : U8116159
  • Updated Date : 03/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,877 sqft
  • Baths : 2 full
Listing Agent

Realean Evolve Real Estate

Listing Agent's Description

Super cute, move in ready home located in a nice north Largo neighborhood close to schools, parks, the beach and all area amenities. Spacious 1877 sq ft with 4 bedrooms and 2 baths offering a huge family friendly great room, spacious dining room to accommodate large families or guests, eat-in kitchen and indoor laundry room. Recent updates include new high quality laminate flooring in the foyer, hallways, great room, dining room and master bedroom with ceramic tile in the kitchen and baths and carpet in the bedrooms. Kitchen and baths updated about 6 years ago, AC new within the last few years, shingle roof new in 2014, ceiling fans in almost every room, lots of windows bringing in natural light, modern and neutral paint colors with some coastal décor, fully fenced good sized yard and some mature trees. This home has been professionally cleaned and is move in ready! Also, there is a side parking pad that will accommodate a boat, RV or trailer if that is something you are seeking. There is no garage or carport but one could be easily added. See this home today....the market is hot and there are not many homes in this condition under $300K in this area. OPEN HOUSE SATURDAY MARCH 13th 12-3pm.

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: 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
Ridgecrest Elementary School Primary Magnet 790 52 6
Seminole Middle School Middle Regular 1,159 68 5
Largo High School High Magnet 1,677 86 6

Ridgecrest Elementary School

  • Education Level: Primary
  • # of students: 790
  • # of teachers: 52
6
GreatSchools Rating

Seminole Middle School

  • Education Level: Middle
  • # of students: 1,159
  • # of teachers: 68
5
GreatSchools Rating

Largo High School

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

$247,500$302,500$275,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$955
Property Tax -$335
Property Insurance -$145
Property Management Fees -$129
CASH FLOW
$335

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.

$275,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.69%

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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

12.33

YEARS SAVED

$52,520

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,013

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,9003$2,1954$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 1876 Pine St Largo, FL 2
    • 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 12826 129th Ter Largo, FL 1
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1979
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 1078 Honeysuckle Ln Largo, FL 3
    • 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 1972
    property image
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.01
    •  
  • 803 Alamanda Dr Largo, FL 4
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1964
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.15
    •  
  • 307 Crestwood Ln Largo, FL 5
    • 3 beds 3 baths ∙ 1,978 Sqft ∙ Built 1959 3 beds 3 baths ∙ 1,978 Sqft ∙ Built 1959
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.21
    •  
PROPERTY LISTING DETAILS
Karen Nasello
1.727.421.0308
Realean Evolve Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8116159
Last Updated: 03/13/2021
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