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5326 9th Ave S Gulfport, FL 33707

3 Beds 2 Baths 1,104 sqft Built 1973

$212,900

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $192.84
  • 2 Days on Market
  • MLS # : W7831716
  • Updated Date : 03/13/2021 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,104 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Lovely 3 bedroom, 2 bath home in Gulf Grove! In this single story home you have a formal living and dining space. The kitchen boasts ample cabinet and counter space, with stainless steel appliances. The primary bedroom has a walk-in closet and en suite bathroom with vanity sink and walk-in shower. Outside you will enjoy the screened patio and large fenced backyard. Located in Gulfport, this home is convenient to shops, restaurants, and I-275 for an easy commute to Tampa, Beaches and surrounding areas.

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: Gulfport

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Gulfport

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6471590

* 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
Bear Creek Elementary School Primary Regular 334 32 2
Azalea Middle School Middle Regular 992 61 2
Boca Ciega High School High Magnet 1,680 92 4

Bear Creek Elementary School

  • Education Level: Primary
  • # of students: 334
  • # of teachers: 32
2
GreatSchools Rating

Azalea Middle School

  • Education Level: Middle
  • # of students: 992
  • # of teachers: 61
2
GreatSchools Rating

Boca Ciega High School

  • Education Level: High
  • # of students: 1,680
  • # of teachers: 92
4
GreatSchools Rating
 

$191,610$234,190$212,900

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$739
Property Tax -$234
Property Insurance -$100
Property Management Fees -$129
CASH FLOW
$207

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.

$212,900

PROJECTED PRICE

$1,410

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,169

INVESTMENT

$62,169

Down Payment
$53,225
Rehab Estimate
$5,750
Closing Costs
$3,194

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$739

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,225
Loan Amount $159,675
See What Happens When You Reinvest Cash Flow

11.08

YEARS SAVED

$34,869

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $1,452

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2003$1,3004$1,3005$1,410
$1,410
RENT COMPS ANALYSIS
  • 5326 9th Ave S Gulfport, FL 5
    • 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $1.28
    •  
  • 4319 14th Ave S St Petersburg, FL 1
    • 3 beds 1 baths ∙ 1,012 Sqft ∙ Built 1970 3 beds 1 baths ∙ 1,012 Sqft ∙ Built 1970
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.18
    •  
  • 5220 9th Ave S Gulfport, FL 2
    • 3 beds 1 baths ∙ 868 Sqft ∙ Built 1954 3 beds 1 baths ∙ 868 Sqft ∙ Built 1954
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.38
    •  
  • 4152 12th Ave S St Petersburg, FL 3
    • 3 beds 2 baths ∙ 962 Sqft ∙ Built 1957 3 beds 2 baths ∙ 962 Sqft ∙ Built 1957
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.35
    •  
  • 4211 12th Ave S St Petersburg, FL 4
    • 3 beds 2 baths ∙ 963 Sqft ∙ Built 1955 3 beds 2 baths ∙ 963 Sqft ∙ Built 1955
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.35
    •  
PROPERTY LISTING DETAILS
Annie O'sullivan
1.813.531.1151
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7831716
Last Updated: 03/13/2021
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