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2700 Fulton St Sw Largo, FL 33774

3 Beds 2 Baths 1,096 sqft Built 1979

$225,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $205.29
  • 4 Days on Market
  • MLS # : U8108621
  • Updated Date : 01/02/2021 at 21:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,096 sqft
  • Baths : 2 full
Listing Agent

Ez Choice Realty

Listing Agent's Description

4 MILES TO THE BEACH!! Great location. This home shows pride of ownership with a brand new roof and exterior paint 2020!! 10 year warranty of roof and 7 year warranty on exterior paint. This CHARMING house offers vinyl flooring, newly updated bathrooms and kitchen backsplash, 3 bedrooms and 2 bathrooms with a one car GARAGE. This split floorplan flows nicely with spacious bedrooms. 1,096 sq ft and NO HOA! Covered patio and fenced yard. Make an offer and move in. Buyer to verify room measurements.

SEE MORE

MARKET HIGHLIGHTS

  • #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: 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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$830
Property Tax -$274
Property Insurance -$100
Property Management Fees -$129
CASH FLOW
$277

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.

$225,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.72%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

12.42

YEARS SAVED

$50,755

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $1,617

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5993$1,6004$1,6105$1,825
$1,825
RENT COMPS ANALYSIS
  • 2700 Fulton St Sw Largo, FL 4
    • 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.47
    •  
  • 2777 21st Ave Sw Largo, FL 1
    • 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1972
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.40
    •  
  • 2213 Lauren Dr Largo, FL 2
    • 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1972
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.54
    •  
  • 2500 Fulton St Sw Largo, FL 3
    • 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1979
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.46
    •  
  • 2132 Fulton Way Largo, FL 5
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1979
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.50
    •  
PROPERTY LISTING DETAILS
Larry Fischer
1.727.459.4520
Ez Choice Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108621
Last Updated: 01/02/2021
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