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2190 17th Ter Sw Largo, FL 33774

3 Beds 2 Baths 2,052 sqft Built 1978

$289,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
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

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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

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

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$25k

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

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
$1,695
1$1,6952$2,1603$2,1954$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 2190 17th Ter Sw Largo, FL 2
    • 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.05
    •  
  • 11408 131st Ave Largo, FL 1
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1972
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 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
Jackie Palmer
1.727.364.3764
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829172
Last Updated: 12/26/2020
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