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4400 43rd Ave N St Petersburg, FL 33714

4 Beds 3 Baths 2,076 sqft Built 2020

$424,900

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $204.67
  • 4 Days on Market
  • MLS # : T3282049
  • Updated Date : 12/24/2020 at 19:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,076 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realnet Florida Real Estate

Listing Agent's Description

ATTENTION MUST SEE!!! Corner Lot NEW CONSTRUCTION. Lots of new construction projects on this street and surrounding areas. This is the house you have been waiting for. Come and see this BRAND NEW one STORY St. Petersburg property. It exudes charm and character from the moment you step in. Enter through custom 8ft entry door into welcoming and open foyer. You will notice, airy, bright and very open concept LARGE living room and formal dining room, a family room finished with LUXURY vinyl floors. The open floor plan leads to the spectacular chef's dream eat-in kitchen, spacious and well-lit with an abundance of Level 4 granite counter tops and ALL NEW Samsung appliances. Split floor plan large master bedroom, En-suite bathroom with double vanity and spacious walk in shower. This home is all upgraded to the latest and best products. Energy efficient home with spray foam INSULATION and impact windows .Bonus, covered second entrance from the side garage entry. Conveniently located in the heart of the county, commuter's delight with Easy Access to I-275, only 15 min from the beaches, St Pete downtown, airports and near major shopping centers. This home is impressive to see in person. Don't miss this out for your future dream home!!!

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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: Disston Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $72k238k

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

Neighborhood: Disston Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6711590

* 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
Northwest Elementary School Primary Regular 613 45 3
Tyrone Middle School Middle Regular 804 56 3
St. Petersburg High School High Magnet 2,195 109 6

Northwest Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 45
3
GreatSchools Rating

Tyrone Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 56
3
GreatSchools Rating

St. Petersburg High School

  • Education Level: High
  • # of students: 2,195
  • # of teachers: 109
6
GreatSchools Rating
 

$382,410$467,390$424,900

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,568
Property Tax -$541
Property Insurance -$157
Property Management Fees -$129
CASH FLOW
$25

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.

$424,900

PROJECTED PRICE

$2,420

PROJECTED RENT

0.57%

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) 3.00%
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$1.2M$1.4M

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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,599

INVESTMENT

$114,599

Down Payment
$106,225
Rehab Estimate
$2,000
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$40,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $3,508

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,420
1$2,4202$2,950
$2,950
RENT COMPS ANALYSIS
  • 4400 43rd Ave N St Petersburg, FL 1
    • 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.17
    •  
  • 2321 14th Ave N St Petersburg, FL 2
    • 4 beds 3 baths ∙ 1,748 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,748 Sqft ∙ Built 2018
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.69
    •  
PROPERTY LISTING DETAILS
Khoa Nguyen
1.857.294.3469
Realnet Florida Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282049
Last Updated: 12/24/2020
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