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107 Chestnut Cir Safety Harbor, FL 34695

4 Beds 2 Baths 2,100 sqft Built 1979

$380,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $180.95
  • 2 Days on Market
  • MLS # : U8117102
  • Updated Date : 03/21/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,100 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Come see this great house with all the square footage that you need, and a great covered pool area! Located in a quiet neighborhood and tucked in at the end of a cul-de-sac. Don't miss out on this adorable home :)

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

Neighborhood: Country Villas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k321k

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

Neighborhood: Country Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8782069

* 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
Curlew Creek Elementary School Primary Regular 664 56 5
Safety Harbor Middle School Middle Regular 1,319 75 5
Countryside High School High Regular 2,175 106 5

Curlew Creek Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 56
5
GreatSchools Rating

Safety Harbor Middle School

  • Education Level: Middle
  • # of students: 1,319
  • # of teachers: 75
5
GreatSchools Rating

Countryside High School

  • Education Level: High
  • # of students: 2,175
  • # of teachers: 106
5
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,320
Property Tax -$441
Property Insurance -$158
Property Management Fees -$129
CASH FLOW
$232

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.

$380,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.60%

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) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$50,510

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,431

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,2804$2,2955$2,495
$2,495
RENT COMPS ANALYSIS
  • 107 Chestnut Cir Safety Harbor, FL 3
    • 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.09
    •  
  • 2885 Endicott Ct Clearwater, FL 1
    • 4 beds 2 baths ∙ 1,878 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,878 Sqft ∙ Built 1980
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.12
    •  
  • 104 Hillcrest Dr Safety Harbor, FL 2
    • 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1980
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.24
    •  
  • 212 Hillcrest Dr Safety Harbor, FL 4
    • 3 beds 3 baths ∙ 1,963 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,963 Sqft ∙ Built 1980
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.17
    •  
  • 4054 Bridgeport Dr Safety Harbor, FL 5
    • 4 beds 2 baths ∙ 2,272 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,272 Sqft ∙ Built 1986
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.10
    •  
PROPERTY LISTING DETAILS
Malia Smiley
1.727.692.1601
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8117102
Last Updated: 03/21/2021
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