Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

926 18th Ave S St Petersburg, FL 33705

4 Beds 2 Baths 1,332 sqft Built 2001

$214,999

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $161.41
  • 5 Days on Market
  • MLS # : S5042110
  • Updated Date : 11/04/2020 at 18:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,332 sqft
  • Baths : 2 full
Listing Agent

La Rosa Realty Kissimmee

Listing Agent's Description

Beautiful newly renovated home with 4 bedrooms, 2 bathrooms. Kitchen offers new appliances. This home so much potential. Seller will give $4,000 towards buyer closing cost with a full list price offer. Property must appraise at full list price to receive incentive. Give us a call today!

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: Cromwell Heights

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $44k238k

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

Neighborhood: Cromwell Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2500600700800900100011001200130014001500Rent in $4991590

* 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
Gibbs High School High Magnet 1,348 85 3

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

Gibbs High School

  • Education Level: High
  • # of students: 1,348
  • # of teachers: 85
3
GreatSchools Rating
 

$193,499$236,499$214,999

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$793
Property Tax -$274
Property Insurance -$114
Property Management Fees -$80
CASH FLOW
$239

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.

$214,999

PROJECTED PRICE

$1,500

PROJECTED RENT

0.70%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,249
See What Happens When You Reinvest Cash Flow

11.58

YEARS SAVED

$44,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3003$1,3204$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 926 18th Ave S St Petersburg, FL 5
    • 4 beds 2 baths ∙ 1,332 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,332 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
  • 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
    •  
  • 1244 12th Ave S St Petersburg, FL 3
    • 3 beds 1 baths ∙ 1,140 Sqft ∙ Built 1994 3 beds 1 baths ∙ 1,140 Sqft ∙ Built 1994
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.16
    •  
  • 697 17th Ave S St Petersburg, FL 4
    • 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
Michele Aricia
1.305.305.5389
La Rosa Realty Kissimmee
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5042110
Last Updated: 11/04/2020
BESbswy