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5919 19th Ave S Gulfport, FL 33707

4 Beds 3 Baths 1,882 sqft Built 1968

$465,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $247.08
  • 3 Days on Market
  • MLS # : U8112364
  • Updated Date : 02/06/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,882 sqft
  • Baths : 3 full
Listing Agent

Gulfport Realty

Listing Agent's Description

OPEN SUNDAY 12-2!! COME SEE US BEFORE SUPERBOWL. MASKS AND SIGNING IN WILL BE REQUIRED. Have you been wanting to move to Gulfport but can't find what you're looking for? Your search is over! This sprawling beach chic ranch with almost 2000 sq ft inside offers plenty of room for working from home, elearning, out of town guests AND an in-law suite!! With 4 bedrooms, 2 of them master suites, and 3 full baths, there's room for everyone. As if that's not enough, there's even more room for hobbies in the garage and great entertaining space outside featuring an enormous lanai, outdoor bar, and covered deck and gazebo WITH NO GRASS/MAINTENACE!! The sparkling terrazo floors lead you throughout this open split bedroom floor plan into the updated kitchen with 42" cabinets, corian countertops, and stainless refrigerator. The addition features a great room with a vaulted ceiling, recessed lighting and double walkout plus another master suite with a walk in closet, walkout to the lanai, and full bath with double vanities and jetted tub. The fully fenced backyard has a concrete walkway throughout and a custom painted storage shed. Plenty of parking for a boat, RV, golf cart, and all of your other toys.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Gulfport

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Gulfport

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6471590

* 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
Bear Creek Elementary School Primary Regular 334 32 2
Azalea Middle School Middle Regular 992 61 2
Boca Ciega High School High Magnet 1,680 92 4

Bear Creek Elementary School

  • Education Level: Primary
  • # of students: 334
  • # of teachers: 32
2
GreatSchools Rating

Azalea Middle School

  • Education Level: Middle
  • # of students: 992
  • # of teachers: 61
2
GreatSchools Rating

Boca Ciega High School

  • Education Level: High
  • # of students: 1,680
  • # of teachers: 92
4
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,615
Property Tax -$512
Property Insurance -$146
Property Management Fees -$129
CASH FLOW
-$132

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.

$465,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$20,385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,202

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9503$2,2004$2,2705$2,450
$2,450
RENT COMPS ANALYSIS
  • 5919 19th Ave S Gulfport, FL 4
    • 4 beds 3 baths ∙ 1,882 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,882 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.21
    •  
  • 1843 Dolphin Blvd S St Petersburg, FL 1
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1959
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
  • 6132 Dartmouth Ave N St Petersburg, FL 2
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1959
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.16
    •  
  • 6331 Gulfport Blvd S Gulfport, FL 3
    • 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 1981
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.11
    •  
  • 528 59th Way S St Petersburg, FL 5
    • 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,781 Sqft ∙ Built 1965
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.38
    •  
PROPERTY LISTING DETAILS
Stacy Purcell
1.727.744.0636
Gulfport Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8112364
Last Updated: 02/06/2021
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