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5246 27th Ave N St Petersburg, FL 33710

3 Beds 2 Baths 1,782 sqft Built 1961

$375,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $210.44
  • 2 Days on Market
  • MLS # : U8115668
  • Updated Date : 03/13/2021 at 12:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,782 sqft
  • Baths : 2 full
Listing Agent

Keller Williams St Pete Realty

Listing Agent's Description

Beautiful, mid-century, home in a non-flood zone. This 3 bedroom, 2 bathroom home has newer kitchen cabinets, tile throughout the home, and an open floor plan. The large owner’s bedroom has an en suite bathroom and is located away from the other two bedrooms. Step out the back door to your saltwater pool with a paver deck around it and a vinyl fence for privacy. The large living room has a wooden, rustic look to it, complete with a wood burning fireplace. There’s a 1 car garage and a circular driveway that provides for parking for several cars. This home is located just a few blocks from J W Cate Recreation Center, with its sports courts, pool, playground, activities, etc. A short drive to shopping, restaurants, and to St. Pete Beach, the 2021 #1 rated beach in the country, according to Tripadvisor.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,303
Property Tax -$478
Property Insurance -$140
Property Management Fees -$129
CASH FLOW
$181

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.

$375,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.59%

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$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$44,904

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,871

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8493$1,8954$2,0455$2,230
$2,230
RENT COMPS ANALYSIS
  • 5246 27th Ave N St Petersburg, FL 5
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.25
    •  
  • 4319 28th Ave N St Petersburg, FL 1
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1954
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 5025 33rd Ter N St Petersburg, FL 2
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1955
    property image
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $1.12
    •  
  • 4390 34th Ave N St Petersburg, FL 3
    • 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1960
    property image
    LEASED 03/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.06
    •  
  • 5425 13th Ave N St Petersburg, FL 4
    • 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 1958
    property image
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $1.05
    •  
PROPERTY LISTING DETAILS
Steve Densa
1.727.408.0313
Keller Williams St Pete Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8115668
Last Updated: 03/13/2021
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