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5399 Alhambra Way S 
St Petersburg, FL
33712
3 Beds 2 Baths 1,275 sqft
Built 1992
INVESTimate
$275,000
List Price
$78,625
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PROPERTY INFO
FACTS
- Built In 1992
- Price/Sqft : $215.69
- 3 Days on Market
- MLS # : U8094306
- Updated Date : 08/25/2020 at 13:34
CONSTRUCTION
- Beds : 3
- Floor Size : 1,275 sqft
- Baths : 2 full
Listing Agent
Bhhs Florida Properties Group
Listing Agent's Description
Well Kept 3 Bedroom 2 Bath 2 Car Garage Home on edge of Lakewood Estates and the St. Petersburg Country Club. The home has an open floor plan with vaulted ceilings, and a split bedroom design. I-275 is 3 minutes or 1.5 miles, along with plenty of shopping, restaurant, the Maximo District and Marina. One of the Worlds Best Beaches is only 10 miles/15-20 minutes to play at Historic Fort Desoto State Park. The park boasts Premier White Sand Beaches, with fishing, kayaks and campgrounds. This home is so well situated, you can access I-275 N, exit at the Tropicana Center and be in downtown St. Petersburg in less than 10 minutes. Boyd Hill Nature preserve is a great learning experience and also minutes away.
SEE MORE
- 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: 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$350 | |
| Property Insurance | -$110 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$155
|
||
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
$1,710
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.17% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
9.33
YEARS SAVED
$41,488
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$1.34
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
5399 Alhambra Way S St Petersburg,
- 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1992
![property image]()
- Rent
- Rent Per SQFT
- $1,710
- $1.34
PROPERTY LISTING DETAILS
1.727.422.3686
Bhhs Florida Properties Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8094306
Last Updated: 08/25/2020
