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2716 130th Ave E Parrish, FL 34219

3 Beds 4 Baths 2,562 sqft Built 2013

$459,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $179.16
  • 9 Days on Market
  • MLS # : A4490076
  • Updated Date : 02/06/2021 at 11:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,562 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams On The Water

Listing Agent's Description

Your New Home Is Ready For YOU!! AND ITS NOT IN A FLOOD ZONE!! The very well maintained, well kept 3 bedroom 3.5 bathrooms plus a den/office space home is available in this sought after community of McKinley Oaks. This Community has ONLY 36 homes with a quiet country life feel not far from the city and wonderful neighbors. This home sits on a beautiful huge corner lot with huge trees beside it and a private preserve behind and around it. Enjoy your backyard with a pond view and privacy. As you walk in, you’ll see a beautiful foyer and an open floor plan, many upgrades including an air purification system that kills bacteria/mold/viruses, porcelain tile, ceramic tile, and hardwood floors. Spit bedrooms, a laundry room, and the den is perfect for an office or library! Great home for entertaining or just loving spending time at home! Close to all amenities, many shopping areas, entertainment, World Famous Crystal Sand Beaches, Fishing Areas, School, Restaurants and more!!!

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

Neighborhood: Mulholland Preserve

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k359k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Mulholland Preserve

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2120013001400150016001700180019002000210022002300Rent in $11792381

* 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
Williams Elementary School Primary Regular 911 52 6
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Williams Elementary School

  • Education Level: Primary
  • # of students: 911
  • # of teachers: 52
6
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$413,100$504,900$459,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,594
Property Tax -$468
Property Insurance -$193
HOA -$105
Property Management Fees -$129
CASH FLOW
-$180

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$459,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$15,446

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,930

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7993$1,8504$2,310
$2,310
RENT COMPS ANALYSIS
  • 2716 130th Ave E Parrish, FL 4
    • 3 beds 4 baths ∙ 2,562 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,562 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.90
    •  
  • 3305 Little Country Rd Parrish, FL 1
    • 3 beds 3 baths ∙ 2,498 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,498 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.67
    •  
  • 2318 123rd Pl E Parrish, FL 2
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2006
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.77
    •  
  • 2335 123rd Pl E Parrish, FL 3
    • 3 beds 2 baths ∙ 2,265 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,265 Sqft ∙ Built 2006
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jonathan Stephens
1.941.306.8377
Keller Williams On The Water
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4490076
Last Updated: 02/06/2021
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