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1852 Whispering Dr W 
Largo, FL
33771
3 Beds 2 Baths 1,228 sqft
Built 1984
INVESTimate
$264,900
List Price
$75,949
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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $215.72
- 2 Days on Market
- MLS # : U8095512
- Updated Date : 08/25/2020 at 14:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,228 sqft
- Baths : 2 full
Listing Agent
Charles Rutenberg Realty Inc
Listing Agent's Description
LOOK at this great opportunity to buy a beautifully updated 3 bedroom 2 bath family home with fenced backyard and attached garage centrally located in the heart of LARGO. The entryway features beautiful flagstone and travertine tile leading up to glass storm door and gorgeous custom side pane stained glass window, providing beauty and sunlight upon entryway and custom nook area inside. This amazing home features a large and bright eat-in kitchen where you will love preparing your family meals and includes newer stainless appliances, countertops, backsplash, ceiling cove, lighting, shiplap wall covering and breakfast bar open to living area. The cozy and large living area offers soaring cathedral ceilings and lighting with sliding doors leading to covered and screened room with travertine tile. Escape into the Master suite with a private bath updated with custom tile, vanity and custom barn door. French doors in master bedroom lead to patio deck overlooking backyard and amazing outdoor oasis. This amazing outdoor space features a brand new farmhouse chic bar with electricity for entertaining guests. Large patio includes 18” pavers with Fire Pit and a golf putting green for outside FUN!! Beyond the patio you will also find a large backyard with a shed and plenty of room for gardening. The two additional bedrooms are bright and spacious with laminate/carpet flooring throughout. Many other home updates include newer laminate flooring, interior doors, base boards and trim, interior paint, custom lighting and so much more. This is the perfect home ready for its new owners, located with quick access to the beautiful gulf beaches, great restaurants, shopping, schools and east commute to Tampa, Clearwater and St. Petersburg. MOTIVATED SELLERS!!! Schedule your showing today!
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
Zip Code: 33771
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33771
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$977 |
| Property Tax | -$323 | |
| Property Insurance | -$108 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$68
|
||
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.
$264,900
PROJECTED PRICE
$1,420
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 5.17% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,949
LOAN DETAILS
$977
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,225 |
| Loan Amount | $198,675 |
5.08
YEARS SAVED
$16,042
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$1,421
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
1852 Whispering Dr W Largo, 2
- 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,420
- $1.16
-
3595 138th Ave Largo, 1
- 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1979
LEASED 07/26/19- Rent
- Rent Per SQFT
- $1,200
- $1.19
-
3177 Whispering Dr S Largo, 3
- 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1984
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,500
- $1.11
-
14875 Cromwell Dr Clearwater, 4
- 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1984
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,695
- $1.14
-
8371 125th Pl Largo, 5
- 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1982
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,700
- $1.19
PROPERTY LISTING DETAILS
1.727.365.7181
Charles Rutenberg Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8095512
Last Updated: 08/25/2020
