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9991 54th Ave N St Petersburg, FL 33708

4 Beds 2 Baths 1,567 sqft Built 1962

$325,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $207.40
  • 3 Days on Market
  • MLS # : U8116142
  • Updated Date : 03/13/2021 at 07:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,567 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Lovely Bay Pines Subdivision high elevation area with many large trees. This is minutes to VA facilities, boat ramps, Pinellas County park and Madeira Beach. The home has many updates and is in excellent condition. Newer impact proof windows, special manufactured flooring throughout, split bedroom plan with 4th bedroom as guest quarters, screened pool area, large oversized garage, low maintenance yard with privacy vegetation between house and street, circle drive for additional parking to 1 car garage and 1 car carport.

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

Neighborhood: South Pinellas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $76k238k

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

Neighborhood: South Pinellas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8782008

* 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
Orange Grove Elementary School Primary Regular 355 25 9
Osceola Middle School Middle Regular 1,162 65 5
Seminole High School High Regular 2,133 103 5

Orange Grove Elementary School

  • Education Level: Primary
  • # of students: 355
  • # of teachers: 25
9
GreatSchools Rating

Osceola Middle School

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

Seminole High School

  • Education Level: High
  • # of students: 2,133
  • # of teachers: 103
5
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,129
Property Tax -$409
Property Insurance -$127
HOA -$3
Property Management Fees -$129
CASH FLOW
$343

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.

$325,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.66%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

11.58

YEARS SAVED

$57,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $1,935

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8003$1,9004$2,1405$2,200
$2,200
RENT COMPS ANALYSIS
  • 9991 54th Ave N St Petersburg, FL 4
    • 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.37
    •  
  • 11160 53rd Ave N St Petersburg, FL 1
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1956
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.17
    •  
  • 10291 Blossom Lake Dr Seminole, FL 2
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1964
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.12
    •  
  • 11029 51st Ave N St Petersburg, FL 3
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1952
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.34
    •  
  • 10861 Clara Ln St Petersburg, FL 5
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1975
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.31
    •  
PROPERTY LISTING DETAILS
Carol Cadden
1.727.481.8915
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8116142
Last Updated: 03/13/2021
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