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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $141.28
- 4 Days on Market
- MLS # : W7829172
- Updated Date : 12/26/2020 at 11:54
CONSTRUCTION
- Beds : 3
- Floor Size : 2,052 sqft
- Baths : 2 full
Listing Agent
Bhhs Florida Properties Group
Listing Agent's Description
Welcome home to this 3 bedroom 2 bath home. As you enter this home you are greeted with a spacious living area and dining room. The updated kitchen features beautiful wood cabinets, granite counters and stainless steel appliances. A large family room is conveniently located next to the kitchen and is perfect for entertaining family and friends. This home has a split floor plan with a spacious master suite which offers an ample walk in closet There is an additional room off the master suite which can be used as a den or office. The second bath is conveniently located between two additional ample sized bedrooms. Off the rear of the home is a second garage which is perfect for a workshop or storage. NO CDD, NO HOA. New wood fence 2018, Hurricane Proof Windows 2013, A/C 2013, roof 2010. Close to shopping mall, hospital, schools, restaurants, parks, easy interstate access to downtown, airport, beaches and many other amenities. A home warranty is being offered for buyers peace of mind.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33774
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$438 | |
| Property Insurance | -$156 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$368
|
||
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.
$289,900
PROJECTED PRICE
$2,160
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,574
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
12.42
YEARS SAVED
$65,419
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$2,191
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
2190 17th Ter Sw Largo, FL 2
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11408 131st Ave Largo, FL 1
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LEASED 10/03/19- Rent
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- $1,695
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1078 Honeysuckle Ln Largo, FL 3
- 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,167 Sqft ∙ Built 1972
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
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
LEASED 04/15/20- Rent
- Rent Per SQFT
- $2,400
- $1.21
PROPERTY LISTING DETAILS
1.727.364.3764
Bhhs Florida Properties Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7829172
Last Updated: 12/26/2020
