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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Pinellas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
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
-
5464 100th Way N St Petersburg, FL 3
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9756 53rd Ave N St Petersburg, FL 1
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LEASED 08/02/19- Rent
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- $1,950
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10270 Blossom Lake Dr Seminole, FL 2
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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
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-
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
1.727.331.0671
Dalton Wade, Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8107358
Last Updated: 12/13/2020
