3970 Mainlands Blvd N

Pinellas Park, FL 33782
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2 bd, 2 ba | 5,227 sqft | Built in 1970

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List Price
$375,000

Initial Investment

$102,188

Purchase Price

$375,000

Down Payment

25%

Rent

$2,450

Total Return

$218,764

Annualized Return

25.1%

Cap Rate

5.0%

Gross Yield

7.8%

Cash Flow

-$2,879

Appreciation

10.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,227

HOA

$0/mo

Flood Risk

Not Required

Under contract-accepting backup offers. Must see this beautifully renovated home with breathtaking views of the lake. This 2 bedroom 2 bath Drayton model sits on a large lot with living space of 1342 sq ft. The paver driveway continues to the front porch and side golf cart parking. The main living areas have new luxury laminate flooring for easy maintenance and modern look. The open floor plan allows for great entertaining which leads onto the exquisite large custom designed lanai. The lovely white shaker cabinets complement the quartz countertops and glass tile backsplash surrounded by newer stainless steel appliances. A dry bar flanks the other end of the kitchen with plenty of storage and wine cooler but can be amendable to addition of personally designed work, storage, eating or built in office for your convenience. The opening from the kitchen to the family room has a breakfast bar with bar stools for extra seating. From the kitchen you enter the utility room and laundry area with washer/dryer and additional storage. Impact and double paned windows throughout with plantation shutters and vertical blinds. Primary bedroom/bathroom is beautiful with the renovated walk in shower, sink, tile, cabinet and barn door for privacy. Updates include: HVAC 2019, windows 2022, roof 2024, flat roof 2022, pavers 2022, re pipe the inside of the home 2022. The maintenance of only $463.00 a month includes: cable, internet, wifi, reclaimed water irrigation, roof repair/replace, lawn maintenance, exterior pressure wash and paint, water, sewer and trash. The Community has numerous activities, heated pool, large clubhouse, shuffleboard, public golf course and freedom park. Centrally located by beaches, airports, highways, shopping and restaurants. Pets welcome.

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$27,930

Expenses

-$4,972

Property Taxes

-$5,450

Loan Payments

-$20,387

Net Cash Flow

-$2,879

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

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From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Luisa Tolusso
MAINLANDS REAL ESTATE INC
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #U8237189
Last Updated: 04/23/2024 14:04
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