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

3835 18th Ave S St Petersburg, FL 33711

4 Beds 2 Baths 1,235 sqft Built 2020

$238,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $192.71
  • 5 Days on Market
  • MLS # : U8108234
  • Updated Date : 12/24/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,235 sqft
  • Baths : 2 full
Listing Agent

Weichert, Realtors - Equity

Listing Agent's Description

HAPPY HOLIDAYS! This could be your gift that keeps on giving! Beautiful and brand new 4 bedroom, 2 bath, block home! With four bedrooms you can comfortably have room for everyone! Easy too, with alley access and a parking pad in the back. Your new kitchen is bright and the stainless steel appliances make cooking a joy! You can be ready to entertain all your friends and family at the beautiful new home! The home is located just a few minutes from Gulfport, Downtown St Petersburg, and a quick 30 minutes to Tampa International Airport. But if the beach is your idea of fun, it too is only a short drive! Put this on your must see list!

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: Childs Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $44k238k

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

Neighborhood: Childs Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2500600700800900100011001200130014001500Rent in $4631590

* 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
Fairmount Park Elementary School Primary Regular 650 59 1
Azalea Middle School Middle Regular 992 61 2
Gibbs High School High Magnet 1,348 85 3

Fairmount Park Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 59
1
GreatSchools Rating

Azalea Middle School

  • Education Level: Middle
  • # of students: 992
  • # of teachers: 61
2
GreatSchools Rating

Gibbs High School

  • Education Level: High
  • # of students: 1,348
  • # of teachers: 85
3
GreatSchools Rating
 

$214,200$261,800$238,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$878
Property Tax -$303
Property Insurance -$108
Property Management Fees -$129
CASH FLOW
-$58

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$238,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 3.00%
Vacancy 5.25%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,070

INVESTMENT

$65,070

Down Payment
$59,500
Rehab Estimate
$2,000
Closing Costs
$3,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,500
Loan Amount $178,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,082

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,420

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,3993$1,4254$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 3835 18th Ave S St Petersburg, FL 1
    • 4 beds 2 baths ∙ 1,235 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,235 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.10
    •  
  • 4518 20th Ave S St Petersburg, FL 2
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2006
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.08
    •  
  • 4419 15th Ave S St Petersburg, FL 3
    • 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 2005
    property image
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.17
    •  
  • 4410 10th Ave S St Petersburg, FL 4
    • 4 beds 2 baths ∙ 1,150 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,150 Sqft ∙ Built 2007
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.26
    •  
  • 2915 Fairfield Ave S St Petersburg, FL 5
    • 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,376 Sqft ∙ Built 2003
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.09
    •  
PROPERTY LISTING DETAILS
Peter Chicouris
1.727.410.7064
Weichert, Realtors - Equity
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108234
Last Updated: 12/24/2020
BESbswy