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528 Wideview Ave Tarpon Springs, FL 34689

3 Beds 3 Baths 1,996 sqft Built 1999

INVESTimate

$319,000

List Price

$1,810

$1,629 - $1,991

Rent Est.

$329,463  ( +3.28%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $159.82
  • 4 Days on Market
  • MLS # : W7825691
  • Updated Date : 08/23/2020 at 19:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,996 sqft
  • Baths : 2 full , 1 half
Listing Agent

Abbas Realty Group Llc

Listing Agent's Description

Amazing home with an amazing location two blocks from the beach! This well maintained home offers a spacious, open floor plan with three bedrooms, two baths plus two-car garage. Large eat-in kitchen has been recently updated with wood cabinets, granite counters and stainless steel appliances. The master suite features a large walk-in closet with an updated master bath with jetted tub and glass enclosed shower. New roof and new water heater are just some of the recent improvements. Huge fenced-in backyard with deed restrictions. Clean and move-in-ready! This won't last. Walking distance to both beaches and all three schools.

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: Sunset Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Sunset Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Sunset Hills Elementary School Primary Regular 543 36 7
Tarpon Springs Middle School Middle Regular 873 46 4
Tarpon Springs High School High Magnet 1,402 69 6

Sunset Hills Elementary School

  • Education Level: Primary
  • # of students: 543
  • # of teachers: 36
7
GreatSchools Rating

Tarpon Springs Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 46
4
GreatSchools Rating

Tarpon Springs High School

  • Education Level: High
  • # of students: 1,402
  • # of teachers: 69
6
GreatSchools Rating
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,177
Property Tax -$407
Property Insurance -$152
Property Management Fees -$80
CASH FLOW
-$6

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.

$319,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.28%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$27,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,916

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7003$1,8104$1,8505$2,099
$2,099
RENT COMPS ANALYSIS
  • 528 Wideview Ave Tarpon Springs, 3
    • 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.91
    •  
  • 350 Wood Dove Ave Tarpon Springs, 1
    • 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 1993
    LEASED 04/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.94
    •  
  • 901 Westwinds Blvd Tarpon Springs, 2
    • 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 1993
    LEASED 06/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 1616 Countrywood St Tarpon Springs, 4
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1992
    LEASED 05/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.08
    •  
  • 1400 Poinsettia Ave Tarpon Springs, 5
    • 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 1997
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.93
    •  
PROPERTY LISTING DETAILS
Omar Abbas
1.727.946.0475
Abbas Realty Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7825691
Last Updated: 08/23/2020
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