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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $213.44
- 2 Days on Market
- MLS # : U8106006
- Updated Date : 11/29/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,101 sqft
- Baths : 2 full
Listing Agent
Realty Experts
Listing Agent's Description
Wow! Are you looking for an affordable place in Pinellas County to call your own? This one may be exactly what you are looking for! This 3 bedroom, 2 bath home is conveniently located near major roads and has quick access to most local amenities. Fantastic open floorplan with recent upgrades including fresh paint, newer and new vinyl flooring, some kitchen and bath upgrades. You also have an indoor laundry room as well as a nice rear porch to help you enjoy the beautiful Florida weather. Come see this pretty little peach before someone else gets the opportunity to make it theirs! **Buyer(s) to verify all room dimensions.**
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Zip Code: 33781
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33781
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,350 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$317 | |
| Property Insurance | -$100 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$14
|
||
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.
$235,000
PROJECTED PRICE
$1,350
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,025
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
5.58
YEARS SAVED
$17,020
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,350
LIST RENT -
$1.23
LIST RENT PER SQFT
-
$1,368
COMP ESTIMATED VALUE -
$1.24
COMP AVG. RENT PER SQFT
Comps Range
-
8420 59th Ln N Pinellas Park, FL 2
- 3 beds 2 baths ∙ 1,101 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,101 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $1,350
- $1.23
-
5301 89th Ave N Pinellas Park, FL 1
- 3 beds 2 baths ∙ 1,073 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,073 Sqft ∙ Built 1970
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,350
- $1.26
-
5110 86th Ave N Pinellas Park, FL 3
- 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,125 Sqft ∙ Built 1978
LEASED 04/27/20- Rent
- Rent Per SQFT
- $1,395
- $1.24
-
5881 90th Ave N Pinellas Park, FL 4
- 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1971
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,550
- $1.23
-
5621 90th Ave N Pinellas Park, FL 5
- 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1961
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,595
- $1.24
PROPERTY LISTING DETAILS
1.727.656.8291
Realty Experts
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8106006
Last Updated: 11/29/2020
