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1018 Oak St Dunedin, FL 34698

3 Beds 3 Baths 2,193 sqft Built 2021

$454,990

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $207.47
  • 6 Days on Market
  • MLS # : T3281815
  • Updated Date : 12/22/2020 at 12:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,193 sqft
  • Baths : 2 full , 1 half
Listing Agent

Weekley Homes Realty Company

Listing Agent's Description

Under Construction. Sleek convenience and effortless luxury combine to make The Alstonia lifestyle home plan. Explore your interior design skills in the glamorous open-concept floor plan. The eat-in kitchen features an optimized space for all your culinary endeavors. Gather in the shade of your covered porch and lanai for evening leisure and weekend fun. Your Owner’s Retreat presents a glamorous escape from the world and includes a deluxe bathroom and walk-in closet. The upstairs retreat and downstairs study invite your imagination to create the perfect specialty rooms for your family. Both spare bedrooms provide a delightful space for growth and personalization. David Weekley Homes not only builds an energy efficient home but also provides a stellar 1, 2, and 10 year warranty giving you peace of mind for years to come. Contact our sales team today for more information.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 34698

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k242k

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

Zip Code: 34698

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781846

* 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
San Jose Elementary School Primary Regular 455 39 4
Dunedin Highland Middle School Middle Magnet 1,060 60 4
Dunedin High School High Regular 1,517 76 4

San Jose Elementary School

  • Education Level: Primary
  • # of students: 455
  • # of teachers: 39
4
GreatSchools Rating

Dunedin Highland Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 60
4
GreatSchools Rating

Dunedin High School

  • Education Level: High
  • # of students: 1,517
  • # of teachers: 76
4
GreatSchools Rating
 

$409,491$500,489$454,990

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,679
Property Tax -$515
Property Insurance -$164
Property Management Fees -$129
CASH FLOW
-$147

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$454,990

PROJECTED PRICE

$2,340

PROJECTED RENT

0.51%

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) 3.00%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,572

INVESTMENT

$122,572

Down Payment
$113,748
Rehab Estimate
$2,000
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,679

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,748
Loan Amount $341,243
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$25,478

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $3,092

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,340
1$2,3402$2,775
$2,775
RENT COMPS ANALYSIS
  • 1018 Oak St Dunedin, FL 1
    • 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.07
    •  
  • 1777 Bayshore Blvd Dunedin, FL 2
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2001
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,775
    • $1.41
    •  
PROPERTY LISTING DETAILS
Leonard Jaffe
1.866.493.3553
Weekley Homes Realty Company
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3281815
Last Updated: 12/22/2020
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