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5422 E 120th Ave Parrish, FL 34219

4 Beds 4 Baths 2,816 sqft Built 2009

$450,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $159.80
  • 2 Days on Market
  • MLS # : A4491411
  • Updated Date : 02/14/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,816 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ukeepcommission Real Estate

Listing Agent's Description

Located on .3 acres in the well kept community of Lakeside Preserve, this 4 bedroom, 3 and a half bath home with 2 bonus rooms and a gorgeous pool done in 2017! 2 car garage, front porch, covered lanai space, and a fenced backyard. It has an eat in area in the kitchen, stainless steel appliances, hard wood cabinets with tons of storage, with open views of the private backyard and pool. A large downstairs master suite with built in in the walk-in closet, soaking tub, and stand up shower. Open floor plan with a huge ceiling fan in the living room to keep your guests cool. 3 Additional bedrooms upstairs with a bonus room and office and 2 full baths. The pool and patio were beautifully designed and have a half bath a bathroom entrance to the home. 2 car garage with epoxy floor that enters into the utility room. Lakeside Preserve amenities include a playground, basketball, and a 9 acre lake with walking trails. Conveniently located near Outlet Mall, schools, restaurants, and so much more! No CDD fees and low HOA fees!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,563
Property Tax -$459
Property Insurance -$209
HOA -$93
Property Management Fees -$129
CASH FLOW
-$23

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.

$450,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.54%

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$1.2M$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$26,538

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,375

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7503$2,4304$3,500
$3,500
RENT COMPS ANALYSIS
  • 5422 E 120th Ave Parrish, FL 3
    • 4 beds 4 baths ∙ 2,816 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,816 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.86
    •  
  • 3305 Little Country Rd Parrish, FL 1
    • 3 beds 3 baths ∙ 2,498 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,498 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.67
    •  
  • 3517 Wilderness Blvd W Parrish, FL 2
    • 3 beds 2 baths ∙ 2,472 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,472 Sqft ∙ Built 1989
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.71
    •  
  • 3602 Wilderness Blvd E Parrish, FL 4
    • 4 beds 3 baths ∙ 3,038 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,038 Sqft ∙ Built 1989
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.15
    •  
PROPERTY LISTING DETAILS
Tracey Punzone
1.941.799.1923
Ukeepcommission Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4491411
Last Updated: 02/14/2021
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