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5414 120th Ave E Parrish, FL 34219

4 Beds 2 Baths 2,071 sqft Built 2009

$329,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $159.30
  • 7 Days on Market
  • MLS # : A4492261
  • Updated Date : 02/23/2021 at 18:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,071 sqft
  • Baths : 2 full
Listing Agent

Re/quest Realty Llc

Listing Agent's Description

Beautiful St. Lucia IV model now available in Lakeside Preserve! This lovely 4/2/2 has a formal living room, dining room and large spacious family room not to mention 4 bedrooms to accommodate a growing family. The kitchen has beautiful spice maple cabinets with 42 inch uppers, stainless steel appliances, and quartz counter tops. The large kitchen opens up to the family room which is perfect for entertaining. The owner has meticulously maintained this home and added several key upgrades such as extended pavers outside of the already large screened in lanai, a 6 foot vinyl privacy fence, and a Gen Air Generater Electrical hookup. A new A/C was also installed in 2020. This home has everything! Hurry on this one!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lakeside Preserve

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $112k409k

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

Neighborhood: Lakeside Preserve

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001400160018002000220024002600Rent in $11302642

* 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
Williams Elementary School Primary Regular 911 52 6
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Williams Elementary School

  • Education Level: Primary
  • # of students: 911
  • # of teachers: 52
6
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,146
Property Tax -$337
Property Insurance -$163
HOA -$94
Property Management Fees -$129
CASH FLOW
$22

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$329,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$22,798

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,931

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8904$2,0955$2,150
$2,150
RENT COMPS ANALYSIS
  • 5414 120th Ave E Parrish, FL 3
    • 4 beds 2 baths ∙ 2,071 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,071 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.91
    •  
  • 4419 Forest Creek Trl Parrish, FL 1
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2008
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
  • 5324 Lexington Dr Parrish, FL 2
    • 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,073 Sqft ∙ Built 2005
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 11791 Fennemore Way Parrish, FL 4
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2012
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.97
    •  
  • 11706 Crawford Parrish Ln Parrish, FL 5
    • 3 beds 2 baths ∙ 2,127 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,127 Sqft ∙ Built 2010
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jason Gabbard
1.941.718.1111
Re/quest Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4492261
Last Updated: 02/23/2021
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