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6493 30th Ave N St Petersburg, FL 33710

3 Beds 2 Baths 1,915 sqft Built 1968

$425,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $221.93
  • 2 Days on Market
  • MLS # : U8115756
  • Updated Date : 03/27/2021 at 16:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,915 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Welcome to this beautiful solid block home located in the highly desirable Holiday Park neighborhood! This immaculate 3 bedroom, 2 bathroom home with large closet space includes an additional bonus office/den area. Other great features include an interior bar area, and a gorgeous private outdoor patio with a grill/sink - perfect for entertaining! Brand new updates include a gas water heater, interior/exterior paint and landscaping. New windows and roof were installed in 2018. This home is centrally located within minutes to the Tyrone area with plenty of shops and restaurant options, 10 minutes to the breathtaking Gulf beaches, and 10 minutes to the thriving Downtown St. Petersburg area. No flood insurance is required. Schedule your showing today - this property will sell quick!

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: Holiday Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $76k343k

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

Neighborhood: Holiday Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9052251

* 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
Westgate Elementary School Primary Regular 613 43 3
Tyrone Middle School Middle Regular 804 56 3
Dixie M. Hollins High School High Regular 1,826 104 4

Westgate Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 43
3
GreatSchools Rating

Tyrone Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 56
3
GreatSchools Rating

Dixie M. Hollins High School

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

$382,500$467,500$425,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,476
Property Tax -$541
Property Insurance -$148
Property Management Fees -$129
CASH FLOW
-$234

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.

$425,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,309

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,073

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8493$1,8954$2,0455$2,060
$2,060
RENT COMPS ANALYSIS
  • 6493 30th Ave N St Petersburg, FL 5
    • 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.08
    •  
  • 5590 15th Ave N St Petersburg, FL 1
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1959
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.08
    •  
  • 5025 33rd Ter N St Petersburg, FL 2
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1955
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $1.12
    •  
  • 6298 27th Ave N St Petersburg, FL 3
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1959
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.08
    •  
  • 5425 13th Ave N St Petersburg, FL 4
    • 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 1958
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $1.05
    •  
PROPERTY LISTING DETAILS
William Amerman
1.727.215.7225
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8115756
Last Updated: 03/27/2021
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