Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gulfport
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
$128,975
LOAN DETAILS
$1,615
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
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
-
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
1.727.744.0636
Gulfport Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8112364
Last Updated: 02/06/2021
