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4783 54th Ave N St Petersburg, FL 33714

3 Beds 2 Baths 1,110 sqft Built 1960

$230,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $207.21
  • 4 Days on Market
  • MLS # : U8106124
  • Updated Date : 12/03/2020 at 14:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,110 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty Resources

Listing Agent's Description

This charming two bedroom one bath home is centrally located in St. Petersburg close to the highway and the beaches. Is in move-in condition. With a very large fenced backyard plenty of room for a large pool and will still have room for yard and pool decking.

SEE MORE

MARKET HIGHLIGHTS

  • #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: Lealman

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $51k238k

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

Neighborhood: Lealman

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6111590

* 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
Lealman Avenue Elementary School Primary Regular 508 42 3
Pinellas Park Middle School Middle Regular 1,090 69 3
Dixie M. Hollins High School High Regular 1,826 104 4

Lealman Avenue Elementary School

  • Education Level: Primary
  • # of students: 508
  • # of teachers: 42
3
GreatSchools Rating

Pinellas Park Middle School

  • Education Level: Middle
  • # of students: 1,090
  • # of teachers: 69
3
GreatSchools Rating

Dixie M. Hollins High School

  • Education Level: High
  • # of students: 1,826
  • # of teachers: 104
4
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$849
Property Tax -$365
Property Insurance -$101
Property Management Fees -$129
CASH FLOW
-$63

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.

$230,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.60%

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) 8.00%
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$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$12,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,374

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3803$1,4004$1,5495$1,550
$1,550
RENT COMPS ANALYSIS
  • 4783 54th Ave N St Petersburg, FL 2
    • 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.24
    •  
  • 5041 Jasmine Cir N St Petersburg, FL 1
    • 3 beds 2 baths ∙ 1,075 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,075 Sqft ∙ Built 1954
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.16
    •  
  • 3641 53rd Ave N St Petersburg, FL 3
    • 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1971
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.25
    •  
  • 5571 66th Ave N Pinellas Park, FL 4
    • 3 beds 1 baths ∙ 1,225 Sqft ∙ Built 1957 3 beds 1 baths ∙ 1,225 Sqft ∙ Built 1957
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.26
    •  
  • 5511 65th Ter N Pinellas Park, FL 5
    • 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1957
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.28
    •  
PROPERTY LISTING DETAILS
Michael Schaffer
1.727.409.1347
Realty Resources
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8106124
Last Updated: 12/03/2020
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