St. Pete Rental with Equity! | EquityPro
81
12.42% Estimated APY
$66,000 Investor Price
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91 Ben Yonge
104 Bob Tosi
230 Brandon Jenkins
198 Cesar Sagastume
228 Chris Chuck
272 Daniel Gonzalez
199 David Sheehan
105 Jason Bobbitt
211 Jeremy Howells
107 John Barber
203 Jonathan Rokh
196 Josh Black
208 Mike McKernan
218 Rene Droz
179 Rusty Longaberger
223 Ryan Akers
210 Shakira Thompson
227 Shaun Rourke
260 Zachary Faulk

St. Pete Rental with Equity!

3 bed / 2 bath915 sq ft Built in 1947Single Family
View Map GRIFFINS SUB
3551 15TH AVE S, ST PETERSBURG, FL 33711
81
Occupancy Status
Low High
20/20
Level of Rehab
Heavy Light
17/20
Location of Neighborhood
Far Close
18/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
5/10
Property Details

This property has a total of 3 bedrooms and 2 bathrooms with in-law suite and is currently generating $1300 per month in rent. The home consists of 2 units. The front unit has 2 bedrooms and 1 bathroom and is currently occupied at $800 per month. The back unit/in-law suite has 1 bedroom 1 bathroom and is rented at $500 per month. Both tenants are on month to month, but have expressed the desire to stay long term. The roof was replaced in 2007. Similar rehabbed homes in this area give our property a conservative ARV of around $80,000. Owner is responsible for utilities which average about $300 per month. Contact your EquityPro Adviser today for additional information and to schedule a showing.

We recommend rent
Rental Income
$1,000 mo. / $12,000 yr.
Investor Price
$66,000
Closing Costs to Buy
$2,500
Rehab Projection
$2,500
Utilities
$300
Property Insurance
$900 / yr.
Estimated Taxes
$642 / yr.
Property Management
$1,200 / yr.
Maintenance
$400 / yr.
HOA Dues
$0 / yr.
$8,858
Projected Income
12.42%
Estimated APY
After Repair Value
$80,000
Investor Price
$66,000
Closing Costs to Buy
$2,500
Rehab Projection
$30,000
Utilities
$300
Closing Costs to Sell
$2,500
Listing Agent Commission
$3,000
$-24,300
Total Projected Profit
-23.3%
Estimated ROI

Comps

Listed
Pending
Sold
** Rental Comp ** 3746 14TH AVE S ST PETERSBURG 33711 $950
2 bed / 1 bath 1,044 sq ft Sold 07/17/17
** Rental Comp ** 3638 14TH AVE S ST PETERSBURG 33711 $1,000
3 bed / 2 bath 1,050 sq ft Sold 12/29/16
3717 11TH AVE S, ST PETERSBURG, FL 33711 $108,000
3 bed / 1 bath 1,152 sq ft
3718 QUEENSBORO AVE S, ST PETERSBURG, FL 33711 $125,000
4 bed / 2 bath 1,352 sq ft Sold 06/23/17
Flip Rehab Details
Grounds
Lawn/Mulch beds
$1,000.00
Trash removal
$500.00
dumpster rental
Other
$500.00
misc. repairs
Exterior
Exterior Paint
$1,500.00
Other
$1,000.00
Misc. Repairs
Systems
Inside Air Handler
$3,000.00
Outside Air Condensor
$3,000.00
Interior
Interior paint
$1,500.00
Tile flooring
$5,000.00
Kitchen appliances
$2,000.00
Kitchen countertops
$1,500.00
Kitchen cabinets
$2,500.00
Bathroom vanity
$7,000.00
update Both Bathrooms
Rent Rehab Details
Exterior
Other
$1,000.00
Misc. Repairs
Systems
Other
$500.00
service all systems
Interior
Other
$1,000.00
Misc. Repairs