Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2819 47th Ave Saint Petersburg, FL 33712

3 Beds 2 Baths 1,233 sqft Built 1980

$284,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $231.06
  • 4 Days on Market
  • MLS # : W7830503
  • Updated Date : 02/05/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,233 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Charming 3 bedroom, 2 bath, single story pool home in Saint Petersburg with a brand new roof! Upon entering the home, you are welcomed into a spacious family room with ceiling fan and a picture window to allow for natural light. From the family room, you have a dining room with double French doors that lead out to the lanai. Adjacent to the dining room is a galley style kitchen with ample counter space. The primary bedroom, on the left side of the home, features two large picture windows for natural light, standard closet, and an additional closet just outside the entrance. The home is also complete with 2 additional bedrooms and a flex space on the right side of the home with an en suite bathroom, making this the perfect home office, second family room, or guest suite. Outside, you have an expansive screened porch making this the perfect space to entertain. The expansive fenced backyard boasts mature tropical landscaping and plenty of room to add a pool. Located in the Lakewood Estates are of St. Pete, this home is just moments to Pass-A-Grille Beach and I-275 making for an easy commute to Sarasota, Tampa, and Downtown St. Pete!

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: Lakewood Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $76k252k

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

Neighborhood: Lakewood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7671816

* 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
Maximo Elementary School Primary Magnet 457 44 2
Bay Point Middle School Middle Magnet 918 62 4
Lakewood High School High Magnet 1,188 72 4

Maximo Elementary School

  • Education Level: Primary
  • # of students: 457
  • # of teachers: 44
2
GreatSchools Rating

Bay Point Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 62
4
GreatSchools Rating

Lakewood High School

  • Education Level: High
  • # of students: 1,188
  • # of teachers: 72
4
GreatSchools Rating
 

$256,410$313,390$284,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$990
Property Tax -$345
Property Insurance -$108
Property Management Fees -$129
CASH FLOW
-$101

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.

$284,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,181

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,239

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,470
$1,470
RENT COMPS ANALYSIS
  • 2819 47th Ave Saint Petersburg, FL 3
    • 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.19
    •  
  • 2551 26th Ave S St Petersburg, FL 1
    • 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1987
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.12
    •  
  • 2148 63rd Ave S St Petersburg, FL 2
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1960
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.89
    •  
PROPERTY LISTING DETAILS
Joe Locicero
1.813.435.5411
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830503
Last Updated: 02/05/2021
BESbswy