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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $189.30
- 3 Days on Market
- MLS # : U8115272
- Updated Date : 03/05/2021 at 22:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,215 sqft
- Baths : 2 full
Listing Agent
Franklin & Associates Realty
Listing Agent's Description
Perfect for a first-time homeowner or someone downsizing. This beautiful block 3BR/2BA home built in 2007 has been meticulously maintained and is move-in ready. This open floor plan has decorative tile flooring, custom blinds in the living room and kitchen, a large master bedroom with an en-suite, a kitchen with a bar countertop, Stainless Steel Whirlpool appliances, a separate dining area with sliding glass doors leading to a patio, and it's already equipped with a home security system. This house sits on a corner lot with a large 2 space covered carport for your vehicles. Pack your bags and move right in! Centrally located in this up-and-coming neighborhood, close to Downtown St Pete, Fort De Soto County Park, and beaches. In close proximity to Pinellas Trail for biking and jogging. About 25 minutes’ drive to Tampa International Airport. No Flood insurance required. Schedule your showing Today because This one won't last long!
SEE MORE
- 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
Neighborhood: Lake Maggiore Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Maggiore Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$293 | |
| Property Insurance | -$107 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$52
|
||
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.
$230,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.60%
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
$66,700
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
7.33
YEARS SAVED
$20,204
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$1,449
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
981 24th Ave S St Petersburg, FL 2
- 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,380
- $1.14
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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
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,295
- $1.23
-
750 Newton Ave S St Petersburg, FL 3
- 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 2006
LEASED 01/14/21- Rent
- Rent Per SQFT
- $1,395
- $1.17
-
1119 Melrose Ave S St Petersburg, FL 4
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 2006
LEASED 02/04/21- Rent
- Rent Per SQFT
- $1,400
- $1.17
-
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
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,500
- $1.20
PROPERTY LISTING DETAILS
1.727.420.8110
Franklin & Associates Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8115272
Last Updated: 03/05/2021
