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835 19th Ave S St Petersburg, FL 33705

3 Beds 2 Baths 1,350 sqft Built 2020

$237,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $175.56
  • 6 Days on Market
  • MLS # : U8103572
  • Updated Date : 11/04/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent

New Market Realty

Listing Agent's Description

NEW CONSTRUCTION in the heart of St. Petersburg! Beautiful attention to detail in kitchen and bathrooms. Decorative tile and counter tops.

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: Bartlett Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $47k238k

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

Neighborhood: Bartlett Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5301590

* 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
Campbell Park Elementary School Primary Magnet 564 58 1
John Hopkins Middle School Middle Magnet 823 63 2
Lakewood High School High Magnet 1,188 72 4

Campbell Park Elementary School

  • Education Level: Primary
  • # of students: 564
  • # of teachers: 58
1
GreatSchools Rating

John Hopkins Middle School

  • Education Level: Middle
  • # of students: 823
  • # of teachers: 63
2
GreatSchools Rating

Lakewood High School

  • Education Level: High
  • # of students: 1,188
  • # of teachers: 72
4
GreatSchools Rating
 

$213,300$260,700$237,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$874
Property Tax -$302
Property Insurance -$115
Property Management Fees -$80
CASH FLOW
-$41

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$237,000

PROJECTED PRICE

$1,330

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) 3.00%
Vacancy 5.25%
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$800k

PROJECTED ANNUAL CASH FLOW

11530$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$64,805

INVESTMENT

$64,805

Down Payment
$59,250
Rehab Estimate
$2,000
Closing Costs
$3,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,250
Loan Amount $177,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$14,717

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,644

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3003$1,3304$1,4455$1,500
$1,500
RENT COMPS ANALYSIS
  • 835 19th Ave S St Petersburg, FL 3
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.99
    •  
  • 829 35th Ave S St Petersburg, FL 1
    • 3 beds 2 baths ∙ 1,049 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,049 Sqft ∙ Built 2007
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.23
    •  
  • 1004 Newton Ave S St Petersburg, FL 2
    • 3 beds 2 baths ∙ 1,076 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,076 Sqft ∙ Built 2004
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.21
    •  
  • 805 35th Ave S St Petersburg, FL 4
    • 4 beds 2 baths ∙ 1,178 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,178 Sqft ∙ Built 2007
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.23
    •  
  • 697 17th Ave S St Petersburg, FL 5
    • 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 2006
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.20
    •  
PROPERTY LISTING DETAILS
Joseph Lovett
1.727.415.2351
New Market Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103572
Last Updated: 11/04/2020
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