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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakewood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
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
-
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
1.912.659.2339
Jay Alan Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8109829
Last Updated: 01/16/2021
