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5378 52nd Ave N St Petersburg, FL 33709

4 Beds 2 Baths 2,203 sqft Built 1969

$335,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1969
  • Price/Sqft : $152.07
  • 2 Days on Market
  • MLS # : U8103993
  • Updated Date : 11/07/2020 at 13:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,203 sqft
  • Baths : 2 full
Listing Agent

Bhhs Florida Properties Group

Listing Agent's Description

MOVE-IN READY & BEAUTIFULLY UPDATED 4 BEDROOM, 2 BATHROOM HOME IN CENTRAL PINELLAS --- YOU'LL LOVE THE GOURMET KITCHEN, ENORMOUS FAMILY ROOM & LARGE MASTER BEDROOM IN THIS 2200+ SQFT HOME. With plenty of room for everyone, this spacious home is perfect for large families and families that love to entertain! Updated in 2009, the house has all the features you would want in your home. Walk through the living room and be amazed by the great room and gourmet kitchen at the heart of the home. Enjoy cooking on your new gas range as your family chats with you from the over-sized bar and Corian countertop seating area. With plenty of cabinets for storage and a huge side-by-side refrigerator/freezer, you have plenty of room to prepare for your largest gatherings. The magnificent family room is the perfect space for everyone to come together and enjoy each other's company and the large dining area can easily accommodate 10-20 people. With a large master bedroom and plenty of room for an in-house office you will love this house. Located in a quiet neighborhood out of the flood plain in central Pinellas County, you can't go wrong with the location.

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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

Zip Code: 33709

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Zip Code: 33709

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7391590

* 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
Blanton Elementary School Primary Regular 503 46 3
Tyrone Middle School Middle Regular 804 56 3
Dixie M. Hollins High School High Regular 1,826 104 4

Blanton Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 46
3
GreatSchools Rating

Tyrone Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 56
3
GreatSchools Rating

Dixie M. Hollins High School

  • Education Level: High
  • # of students: 1,826
  • # of teachers: 104
4
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,236
Property Tax -$500
Property Insurance -$164
Property Management Fees -$80
CASH FLOW
$200

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.

$335,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.65%

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$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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$48,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,225

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,949
1$1,9492$2,1803$2,450
$2,450
RENT COMPS ANALYSIS
  • 5378 52nd Ave N St Petersburg, FL 2
    • 4 beds 2 baths ∙ 2,203 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,203 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.99
    •  
  • 5473 63rd Way N St Petersburg, FL 1
    • 5 beds 2 baths ∙ 1,928 Sqft ∙ Built 1961 5 beds 2 baths ∙ 1,928 Sqft ∙ Built 1961
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,949
    • $1.01
    •  
  • 2992 65th Way N St Petersburg, FL 3
    • 3 beds 2 baths ∙ 2,427 Sqft ∙ Built 1962 3 beds 2 baths ∙ 2,427 Sqft ∙ Built 1962
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.01
    •  
PROPERTY LISTING DETAILS
Alexander Edwards
1.703.206.8101
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103993
Last Updated: 11/07/2020
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