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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $220.13
- 2 Days on Market
- MLS # : U8113932
- Updated Date : 02/21/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,222 sqft
- Baths : 2 full
Listing Agent
Re/max Action First
Listing Agent's Description
Welcome to this spacious 2 bedroom, 1 bath, and 1 car garage home with detached 1 bed, 1 bath suite with endless possibilities. Walking into this home you'll notice its been very well cared for. This home features laminate wood flooring in living room and bedrooms with granite tile floors in dining area and kitchen. The kitchen has white wood cabinets with Quartz Countertops paired with stainless steel appliances. Bathroom was recently updated with tub by Bath Fitters and vanity sink cabinet. House stays cool with added blown in insulation and brand new Trane A/C system. Guests will enjoy the 336-ft, detached 1-bedroom/bath suite. Can be rented out for extra income or could also serve as a work-at-home cottage, gym or art studio. Yard features a paver deck and rear double doors for rear entry access. Great sitting area for quiet mornings or evening cookouts. Covered patio sitting area also available if it gets too hot or for rainy days. Alley access allows you to store additional vehicle, boat, or RV. Conveniently located near schools, parks, restaurants, downtown, Tyrone Square Mall shopping area, theater, and the Gulf beaches. No flood insurance required.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Live Oak
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Live Oak
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$934 |
| Property Tax | -$343 | |
| Property Insurance | -$107 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$67
|
||
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.
$269,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| 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
$77,035
LOAN DETAILS
$934
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,250 |
| Loan Amount | $201,750 |
7.42
YEARS SAVED
$24,287
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$1.29
LIST RENT PER SQFT
-
$1,396
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
5545 Burlington Ave N St Petersburg, FL 3
- 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 1964
- Rent
- Rent Per SQFT
- $1,580
- $1.29
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5220 11th Ave N St Petersburg, FL 1
- 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 1955
LEASED 12/05/19- Rent
- Rent Per SQFT
- $1,500
- $1.17
-
5758 18th Ave N St Petersburg, FL 2
- 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1971
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,549
- $1.19
-
6020 5th Ave N St Petersburg, FL 4
- 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1954
LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,600
- $1.08
-
335 Madison St S St Petersburg, FL 5
- 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1950
LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,775
- $1.13
PROPERTY LISTING DETAILS
1.727.420.5606
Re/max Action First
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8113932
Last Updated: 02/21/2021
