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6870 13th Ave N St Petersburg, FL 33710

3 Beds 3 Baths 1,996 sqft Built 1971

$399,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $199.90
  • 4 Days on Market
  • MLS # : U8109238
  • Updated Date : 01/09/2021 at 12:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,996 sqft
  • Baths : 3 full
Listing Agent

Water's Edge Realty Inc

Listing Agent's Description

Large 3 bed 3 bath 2 car garage in the highly sought after community of Eagle Manor. This solid block home had a new roof put on in 2014 and all of the windows are insulated, energy efficient and have custom made blinds and coverings. With just under 2,000 Sq. Ft and an open floor plan, this home is great for entertaining or a large family. The kitchen has an eat-in area, breakfast bar, solid wood cabinets and a gas range. The master bedroom comes equipped with an oversized walk-in closet and private master bath. A two car garage will keep all of your toys safe and has a full bath. The backyard is fenced, has a utility shed and is beautifully landscaped. A great neighborhood, No Flood Insurance, newer stainless steel appliances (2015) and an oversized corner lot all make this home a must see!!!

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: Crossroads Area

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Crossroads Area

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7392088

* 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
Azalea Elementary School Primary Regular 547 42 4
Azalea Middle School Middle Regular 992 61 2
Boca Ciega High School High Magnet 1,680 92 4

Azalea Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 42
4
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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,386
Property Tax -$508
Property Insurance -$152
Property Management Fees -$129
CASH FLOW
-$26

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.

$399,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.54%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$24,017

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,161

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8953$1,9504$2,0455$2,150
$2,150
RENT COMPS ANALYSIS
  • 6870 13th Ave N St Petersburg, FL 5
    • 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.08
    •  
  • 6048 24th Ave N St Petersburg, FL 1
    • 4 beds 3 baths ∙ 1,739 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,739 Sqft ∙ Built 1960
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
  • 6298 27th Ave N St Petersburg, FL 2
    • 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
    •  
  • 6132 Dartmouth Ave N St Petersburg, FL 3
    • 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
    •  
  • 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
David Wing
1.727.439.6634
Water's Edge Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109238
Last Updated: 01/09/2021
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