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4800 Alcazar Way S St Petersburg, FL 33712

3 Beds 2 Baths 1,337 sqft Built 1986

$275,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $205.68
  • 4 Days on Market
  • MLS # : U8109829
  • Updated Date : 01/16/2021 at 15:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,337 sqft
  • Baths : 2 full
Listing Agent

Jay Alan Real Estate

Listing Agent's Description

Move in ready 3-bedroom, 2-bathroom home located in the gem of Lakewood Estates. With this beautiful home, you get nearly a quarter of an acre corner lot. In this sought-after neighborhood you will enjoy the serene landscape of the golf course, perfect for daily walks or bike rides! Step inside the home and you’ll find an inviting space with a split floorplan and an open concept living and dining room. There are large sliding doors leading to the spacious backyard which is great for entertaining. Your utility bills are sure to stay low with the newly installed energy efficient HVAC system and duct work, water heater, garage door, and triple pane hurricane impact windows with lifetime warranty. No flood insurance required. Just streets away from the well-manicured St. Petersburg Golf and Country Club where you can enjoy the tennis courts, a modern fitness center, Junior Olympic sized pool, and the new Tiki Hut Bar and Grill. Boyd Hill Nature Preserve is within minutes to include a splash park & playground, views of the lake, kayaking, and various trails with all sorts of wildlife to greet you! Eckerd College, St. Pete Beach, Ft Desoto State Park, Maximo Marina, Downtown St Pete and the beautiful new pier are just a short drive away with the interstate and Pinellas Bayway access close by. Call to schedule a private showing 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

Neighborhood: Lakewood Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $76k252k

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

Neighborhood: Lakewood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7671816

* 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
Maximo Elementary School Primary Magnet 457 44 2
Bay Point Middle School Middle Magnet 918 62 4
Lakewood High School High Magnet 1,188 72 4

Maximo Elementary School

  • Education Level: Primary
  • # of students: 457
  • # of teachers: 44
2
GreatSchools Rating

Bay Point Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 62
4
GreatSchools Rating

Lakewood High School

  • Education Level: High
  • # of students: 1,188
  • # of teachers: 72
4
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$955
Property Tax -$350
Property Insurance -$114
Property Management Fees -$129
CASH FLOW
$252

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.

$275,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.65%

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

10.92

YEARS SAVED

$44,659

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,800
$1,800
RENT COMPS ANALYSIS
  • 4800 Alcazar Way S St Petersburg, FL
    • 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.35
    •  
PROPERTY LISTING DETAILS
Jonathan Fultz
1.912.659.2339
Jay Alan Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109829
Last Updated: 01/16/2021
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