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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lealman
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,700
LOAN DETAILS
$849
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
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
-
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
1.727.409.1347
Realty Resources
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8106124
Last Updated: 12/03/2020
