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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $212.07
- 3 Days on Market
- MLS # : U8106827
- Updated Date : 12/11/2020 at 20:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,268 sqft
- Baths : 2 full
Listing Agent
Beach Place Management Llc
Listing Agent's Description
Don’t miss this beautiful, freshly painted, move-in ready home. Home has 3-bedrooms and 2-bathroom with a one-car garage. It has been updated and offers lots of space. The backyard has a shed that can be used for a workshop, potting tools, or storage. The backyard is fully fenced and has a wonderful patio inviting outdoor living. The yard has been lovingly cared for, with a huge yard for plenty of space for outdoor activities. New Roof 04/2017 and New Updated Windows 07/2020; still under warranty. AC is 8 years old (2012). The bathroom has been remodeled. This home is truly moved in ready! NO FLOOD INSURANCE REQUIRED. You will love the convenience of this location. John S. Taylor Park and Pinellas trail are within a few blocks away. Home is close to schools, Post Office, Largo Central Park, Library and Cultural Center. Near shopping center, restaurants, medical centers, public transportation, and it takes just a few minutes to drive to the beautiful Gulf Beaches. This is truly a wonderful home you won't want to miss. Schedule a Tour Today!
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Zip Code: 33770
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33770
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$992 |
| Property Tax | -$328 | |
| Property Insurance | -$110 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$9
|
||
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.
$268,900
PROJECTED PRICE
$1,550
PROJECTED RENT
0.58%
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
$77,009
LOAN DETAILS
$992
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,225 |
| Loan Amount | $201,675 |
6.42
YEARS SAVED
$22,979
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$1,541
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
2372 Nolan Dr Largo, FL 2
- 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1961
- Rent
- Rent Per SQFT
- $1,550
- $1.22
-
2317 13th Ave Sw Largo, FL 1
- 3 beds 1 baths ∙ 1,189 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,189 Sqft ∙ Built 1958
LEASED 10/19/19- Rent
- Rent Per SQFT
- $1,400
- $1.18
-
2602 Mineola Dr S Largo, FL 3
- 3 beds 2 baths ∙ 1,293 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,293 Sqft ∙ Built 1956
LEASED 06/20/20- Rent
- Rent Per SQFT
- $1,600
- $1.24
-
2408 8th Ave Sw Largo, FL 4
- 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1955
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,600
- $1.29
-
962 Nolan Dr Largo, FL 5
- 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
PROPERTY LISTING DETAILS
1.727.458.3523
Beach Place Management Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8106827
Last Updated: 12/11/2020
