Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10542 Oakhaven Dr N Pinellas Park, FL 33782

4 Beds 2 Baths 1,747 sqft Built 1980

$349,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $200.29
  • 3 Days on Market
  • MLS # : U8114483
  • Updated Date : 02/26/2021 at 16:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,747 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

Don’t miss your opportunity to own this turnkey home in centrally located much desired Autumn Run!, Spacious 3-4 bed (4th w/2 wardrobes), 2 baths, 2 garage, 1,747 s.f. + 602 s.f. private, screened covered back porch with color-lit Koi Pond & Fountain. Open great room plan from wonderful eat-in kitchen, skylight, wood cabinets, energy saver refrigerator & LG dishwasher, granite, stainless, recessed lighting with adjacent dining & family rooms. Everything runs off Integrated Solar 1/22/19, nearly zero bills! Master bath with bidet & separate dressing area lined with cedar closets, underground utilities less chance of power loss in storms, reclaimed water, fully fenced, no flood insurance, easy access to I-275, beaches & airports. WiFi enabled hybrid water heater. Current homeowner insurance is $2,897/year due to condition; NO flood insurance. Carrier AC 2016, beautiful laminate wood floors, ceramic tile & new carpet in bedrooms, large attic storage, near Helen Howarth Park & Equestrian Trail.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 33782

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Zip Code: 33782

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7391590

* 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
Cross Bayou Elementary School Primary Regular 492 45 4
Fitzgerald Middle School Middle Magnet 1,137 68 4
Pinellas Park High School High Magnet 2,173 109 4

Cross Bayou Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 45
4
GreatSchools Rating

Fitzgerald Middle School

  • Education Level: Middle
  • # of students: 1,137
  • # of teachers: 68
4
GreatSchools Rating

Pinellas Park High School

  • Education Level: High
  • # of students: 2,173
  • # of teachers: 109
4
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,215
Property Tax -$445
Property Insurance -$138
Property Management Fees -$129
CASH FLOW
-$77

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.

$349,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$16,642

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,944

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,549
1$1,5492$1,6003$1,6004$1,6655$1,850
$1,850
RENT COMPS ANALYSIS
  • 10542 Oakhaven Dr N Pinellas Park, FL 5
    • 4 beds 2 baths ∙ 1,747 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,747 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
  • 6135 99th Ter N Pinellas Park, FL 1
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1972
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.10
    •  
  • 6257 107th Ave N #n Pinellas Park, FL 2
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1979
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 5551 93rd Ave N Pinellas Park, FL 3
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1961
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.13
    •  
  • 5770 93rd Ave N Pinellas Park, FL 4
    • 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1961
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $1.17
    •  
PROPERTY LISTING DETAILS
Marian Lovern
1.727.409.6136
Coldwell Banker Residential
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8114483
Last Updated: 02/26/2021
BESbswy