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3533 20th Ave Sw Largo, FL 33774

4 Beds 2 Baths 1,665 sqft Built 1960

$289,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $174.11
  • 2 Days on Market
  • MLS # : U8102755
  • Updated Date : 11/02/2020 at 17:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,665 sqft
  • Baths : 2 full
Listing Agent

Century 21 Coast To Coast

Listing Agent's Description

Largo - 4BR/2BA/1 car garage home (with driveway & parking pad) offers modern touches. Updated kitchen with stainless steel appliances, shaker cabinets, beveled subway backsplash, and butcher block style counter tops. Bamboo floors in Living & Dining rooms, laminate in Kitchen, carpet in bedrooms, and ceramic tile in baths. Stand-alone shower & large sink in master bath; 2nd bath has double sinks and tub/shower combination. Home also has a good size inside utility room. Backyard is fenced and has a concrete brick patio & walkway. Great location - close to Largo Med. on Indian Rocks Road and within approx. 2 mi. to the Gulf & intracoastal waterways. Park and Recreation Center also within that range, and just a short drive to shopping, dining, beaches, attractions, and much more. Make an appointment to see this home today!

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

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
Anona Elementary School Primary Regular 436 32 7
Seminole Middle School Middle Regular 1,159 68 5
Largo High School High Magnet 1,677 86 6

Anona Elementary School

  • Education Level: Primary
  • # of students: 436
  • # of teachers: 32
7
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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,070
Property Tax -$353
Property Insurance -$133
Property Management Fees -$80
CASH FLOW
$214

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.

$289,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.64%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$49,191

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,927

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,8503$2,0004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 3533 20th Ave Sw Largo, FL 2
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.11
    •  
  • 12935 127th Ave Largo, FL 1
    • 4 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,472 Sqft ∙ Built 1976
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.02
    •  
  • 3635 Avocado Rd Largo, FL 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1963
    LEASED 06/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.25
    •  
  • 803 Alamanda Dr Largo, FL 4
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1964
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.15
    •  
  • 307 Crestwood Ln Largo, FL 5
    • 3 beds 3 baths ∙ 1,978 Sqft ∙ Built 1959 3 beds 3 baths ∙ 1,978 Sqft ∙ Built 1959
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.21
    •  
PROPERTY LISTING DETAILS
Madonna Steinlage
1.727.420.7620
Century 21 Coast To Coast
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8102755
Last Updated: 11/02/2020
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