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6031 64th Ave N Pinellas Park, FL 33781

4 Beds 3 Baths 2,323 sqft Built 1990

$436,900

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $188.08
  • 3 Days on Market
  • MLS # : U8103620
  • Updated Date : 11/14/2020 at 18:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,323 sqft
  • Baths : 3 full
Listing Agent

Re/max Realtec Group Inc

Listing Agent's Description

** REMODLED COUNTRY ESTATE! ** Tucked away behind the horse ranches is a small neighborhood of contemporary homes! Feels like country, but near the city! STUNNING 2020 RENOVATION....with exceptional curb appeal! Looks like you've pulled up to new construction! Brand new roof, freshly stucco'd & painted, newly landscaped, and a great front porch! Covered patio has thick columns and brick pavers, makes for a cozy spot for morning coffee or afternoon cocktails! Step inside and it only gets better! New knockdown texture throughout and freshly painted! Brand new laminate flooring throughout the house trimmed in high baseboards! 2-story home but the majority of the square footage is downstairs! Upstairs consists of 2 guest bedrooms and 1 bathroom! Both those upstairs bedrooms have walk-in closets! Upstairs bathroom is newly renovated! Back downstairs is well laid out home with both a living and family room with the kitchen as the heart of the home! Renovated kitchen includes all new cabinetry including a big pantry, stainless steel appliances, granite countertop, large breakfast bar, tile backsplash, dinette area, and lighted coffered ceiling! Just off the kitchen is the spacious family room with high ceilings and a wood-burning stack-stone fireplace! Vaulted ceilings throughout the house! New fans & fixtures! New interior doors! New A/C and water-heater! Master suite comes with a private bathroom and walk-in closet! Resort style finishes in the luxurious master bathroom! HUGE walk-in shower that is newly tiled, dual shower heads, and brand new glass shower door (installed on Nov 17th)! NEW His & her granite vanities with new lighting and mirrors (also being installed on 17th)! There is a 2nd large downstairs bedrooms that would make for a great in-law/guest bedroom/at-home office! 3rd remodeled FULL bathroom by downstairs bedroom also serves as a pool bathroom! Awesome pool area! Lots of decking (newly painted) for entertaining! Sparkling blue pool that is newly refinished and is trimmed in new decorative pool tile! All of this enclosed in vaulted screen enclosure with new screening! Private fenced yard with a stone patio and plenty of room for pets and play beyond the pool!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 33781

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Zip Code: 33781

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7391590

* 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
Marjorie Rawlings Elementary School Primary Regular 616 44 4
Pinellas Park Middle School Middle Regular 1,090 69 3
Dixie M. Hollins High School High Regular 1,826 104 4

Marjorie Rawlings Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 44
4
GreatSchools Rating

Pinellas Park Middle School

  • Education Level: Middle
  • # of students: 1,090
  • # of teachers: 69
3
GreatSchools Rating

Dixie M. Hollins High School

  • Education Level: High
  • # of students: 1,826
  • # of teachers: 104
4
GreatSchools Rating
 

$393,210$480,590$436,900

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,612
Property Tax -$590
Property Insurance -$172
Property Management Fees -$80
CASH FLOW
$7

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.

$436,900

PROJECTED PRICE

$2,460

PROJECTED RENT

0.56%

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

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$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,529

INVESTMENT

$121,529

Down Payment
$109,225
Rehab Estimate
$5,750
Closing Costs
$6,554

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,225
Loan Amount $327,675
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$34,959

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,904

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,4603$3,800
$3,800
RENT COMPS ANALYSIS
  • 6031 64th Ave N Pinellas Park, FL 2
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $1.06
    •  
  • 6663 83rd Ave N Pinellas Park, FL 1
    • 3 beds 3 baths ∙ 2,025 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,025 Sqft ∙ Built 2005
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 7041 Bayou West Ave N Pinellas Park, FL 3
    • 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2000
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.51
    •  
PROPERTY LISTING DETAILS
Shay Adelman
1.727.458.3702
Re/max Realtec Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103620
Last Updated: 11/14/2020
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