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7813 Powder Horn Cir Largo, FL 33773

3 Beds 2 Baths 1,035 sqft Built 1978

$249,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $240.58
  • 3 Days on Market
  • MLS # : U8115176
  • Updated Date : 03/05/2021 at 12:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,035 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

WELCOME HOME BUYERS!!! Come check out this cozy home that offers 3 bedrooms, 2 bathrooms, a garage and French doors that lead to the very large backyard for your pets, little ones or outdoor entertainment. The kitchen has newer cabinets with quartz counter tops and the bathrooms have been updated. The driveway has been recently expanded for extra parking and in the garage you will find the BRAND NEW washer and dryer. You will enjoy the location as you are very close to the beaches, shopping, parks, schools and dining. This home is move in ready and just waiting for YOU, so schedule your private showing as it won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 33773

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $79k238k

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

Zip Code: 33773

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8611590

* 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
Walsingham Elementary School Primary Regular 563 43 3
Osceola Middle School Middle Regular 1,162 65 5
Pinellas Park High School High Magnet 2,173 109 4

Walsingham Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 43
3
GreatSchools Rating

Osceola Middle School

  • Education Level: Middle
  • # of students: 1,162
  • # of teachers: 65
5
GreatSchools Rating

Pinellas Park High School

  • Education Level: High
  • # of students: 2,173
  • # of teachers: 109
4
GreatSchools Rating
 

$224,100$273,900$249,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$865
Property Tax -$322
Property Insurance -$96
Property Management Fees -$129
CASH FLOW
-$72

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.

$249,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$865

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$11,846

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $1,382

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3953$1,5954$1,6505$1,825
$1,825
RENT COMPS ANALYSIS
  • 7813 Powder Horn Cir Largo, FL 1
    • 3 beds 2 baths ∙ 1,035 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,035 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.29
    •  
  • 7801 Powder Horn Cir Largo, FL 2
    • 3 beds 1 baths ∙ 957 Sqft ∙ Built 1978 3 beds 1 baths ∙ 957 Sqft ∙ Built 1978
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.46
    •  
  • 400 Lake Palms Dr Largo, FL 3
    • 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1982
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.27
    •  
  • 2053 Palm Way Largo, FL 4
    • 4 beds 2 baths ∙ 1,330 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,330 Sqft ∙ Built 1975
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.24
    •  
  • 13193 Madison Ave Largo, FL 5
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1984
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.37
    •  
PROPERTY LISTING DETAILS
Helen Cintron
1.727.623.8398
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8115176
Last Updated: 03/05/2021
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