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5464 100th Way N St Petersburg, FL 33708

3 Beds 2 Baths 2,010 sqft Built 1972

$325,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $161.69
  • 2 Days on Market
  • MLS # : U8107358
  • Updated Date : 12/13/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,010 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

The perfect mid-Pinellas location! This 2,000+ sf split plan POOL HOME is ready for your updates. Located in a highly sought after Bay Pines area, in a quiet tree-lined neighborhood. There's a lot to love about this home, including a split plan layout, living room with fireplace and family room, indoor laundry, solar hot water system, good size yard and shed in the backyard. The home has a newer roof, and other '4 point' items are in order. Master has a huge area for walk in closet. There's a 250+sf plus attic space that could easily be turned into additional living area! A bonus room is off the pool area, it's currently being used as a home gym with spa tub...could easily be converted to a 4th bedroom. The home backs up to Keswick Christian School, a short walk to the Pinellas Trail and Blossom Park (which is being renovated this winter). Shopping is right down the road, as is Bay Pines VA Hospital and beaches are less than 10 minutes away. No flood insurance needed!!

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: South Pinellas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $76k238k

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

Neighborhood: South Pinellas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8782008

* 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
Orange Grove Elementary School Primary Regular 355 25 9
Osceola Middle School Middle Regular 1,162 65 5
Seminole High School High Regular 2,133 103 5

Orange Grove Elementary School

  • Education Level: Primary
  • # of students: 355
  • # of teachers: 25
9
GreatSchools Rating

Osceola Middle School

  • Education Level: Middle
  • # of students: 1,162
  • # of teachers: 65
5
GreatSchools Rating

Seminole High School

  • Education Level: High
  • # of students: 2,133
  • # of teachers: 103
5
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,199
Property Tax -$409
Property Insurance -$153
Property Management Fees -$129
CASH FLOW
$230

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.

$325,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$54,165

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,136

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,1204$2,1505$2,500
$2,500
RENT COMPS ANALYSIS
  • 5464 100th Way N St Petersburg, FL 3
    • 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1972 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.05
    •  
  • 9756 53rd Ave N St Petersburg, FL 1
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1960
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.07
    •  
  • 10270 Blossom Lake Dr Seminole, FL 2
    • 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 1962
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
  • 9605 59th Ave N St Petersburg, FL 4
    • 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 1984
    LEASED 07/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.01
    •  
  • 725 Pruitt Dr Madeira Beach, FL 5
    • 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 1952 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 1952
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
PROPERTY LISTING DETAILS
Rob Demarest
1.727.331.0671
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8107358
Last Updated: 12/13/2020
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