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2133 17th Ave Sw Largo, FL 33774

3 Beds 2 Baths 1,476 sqft Built 1973

$309,300

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $209.55
  • 3 Days on Market
  • MLS # : W7832111
  • Updated Date : 03/26/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,476 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Charming 3 bedroom, 2 bath home in Lakeside Park. This home has a formal living and dining room. The galley style kitchen features ample cabinet and counterspace, with stainless steel appliances and bar overlooking the family room. The primary bedroom features an en suite bathroom, the other two bedrooms share a hall bath. Outside you will enjoy relaxing on the patio in your fenced yard, ready to transform to your own outdoor oasis. Located in Largo, this home is convenient to shops, restaurants, and I-275 for an easy commute to Tampa, Beaches and surrounding areas.

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$278,370$340,230$309,300

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,074
Property Tax -$377
Property Insurance -$122
Property Management Fees -$129
CASH FLOW
-$22

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.

$309,300

PROJECTED PRICE

$1,680

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
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-$2.0k$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,715

INVESTMENT

$87,715

Down Payment
$77,325
Rehab Estimate
$5,750
Closing Costs
$4,640

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,074

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,325
Loan Amount $231,975
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$20,263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,675

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5003$1,6504$1,6805$2,000
$2,000
RENT COMPS ANALYSIS
  • 2133 17th Ave Sw Largo, FL 4
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.14
    •  
  • 1990 Taylor Lake Cir Seminole, FL 1
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 1989
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.07
    •  
  • 1583 Oak Village Dr Seminole, FL 2
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1972
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.11
    •  
  • 962 Nolan Dr Largo, FL 3
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.15
    •  
  • 3054 Honeysuckle Rd Largo, FL 5
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1978
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.21
    •  
PROPERTY LISTING DETAILS
Annie O'sullivan
1.813.531.1151
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7832111
Last Updated: 03/26/2021
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