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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $232.84
- 7 Days on Market
- MLS # : U8108346
- Updated Date : 12/29/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,224 sqft
- Baths : 1 full , 1 half
Listing Agent
Namaste Realty Llc
Listing Agent's Description
If you are looking for a little bit of serenity in the city this is the home for you! Enjoy your morning coffee on the large screened patio over looking the peaceful quite lake or cuddle up by the fire and relax! This three bedroom one and half bath home is just waiting for its new family. It is set in a wonderful neighborhood that is high and dry and does not require flood insurance! This home features an updated kitchen, newer hurricane proof windows and doors, laminated flooring, sprinkler system and water softener. It is located within walking distance to shops and restaurants and just a quick drive to our famous white sandy beaches, Tampa and Clearwater airports and downtown St Pete.
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
Neighborhood: Jungle Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Jungle Terrace
* 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 | -$1,052 |
| Property Tax | -$363 | |
| Property Insurance | -$107 | |
| 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.
$284,999
PROJECTED PRICE
$1,550
PROJECTED RENT
0.54%
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
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,749 |
4.58
YEARS SAVED
$15,330
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 -
$1.27
LIST RENT PER SQFT
-
$1,398
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
3101 70th Ln N St Petersburg, FL 4
- 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $1,550
- $1.27
-
6484 44th Ave N Kenneth City, FL 1
- 4 beds 2 baths ∙ 1,211 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,211 Sqft ∙ Built 1959
LEASED 12/23/19- Rent
- Rent Per SQFT
- $1,350
- $1.11
-
7401 36th Ave N St Petersburg, FL 2
- 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1958
LEASED 05/09/20- Rent
- Rent Per SQFT
- $1,350
- $1.18
-
7083 40th Ter N St Petersburg, FL 3
- 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1964
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,400
- $1.16
-
6682 34th Ave N St Petersburg, FL 5
- 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1978
LEASED 11/15/20- Rent
- Rent Per SQFT
- $1,695
- $1.12
PROPERTY LISTING DETAILS
1.727.692.3229
Namaste Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8108346
Last Updated: 12/29/2020
