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108 Peacock Cir Safety Harbor, FL 34695

3 Beds 3 Baths 1,808 sqft Built 1978

$380,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $210.18
  • 2 Days on Market
  • MLS # : U8107385
  • Updated Date : 12/13/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,808 sqft
  • Baths : 2 full , 1 half
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Location - Location - Location! Move-in Ready Safety Harbor Pool Home with open floor plan 3 bedrooms and 2.5 baths and 2 car garage. It is light and bright with lots of windows and truly brings the outdoors in from the covered front porch with garden to the fenced screened pool area in back. This block home is located on a quiet cul-de-sac and does NOT require flood insurance. The kitchen boasts all new stainless steel appliances , wood cabinets, and kitchen bar sitting area with an open family room, in kitchen eating area, and french doors onto the covered lanai and pool area. The pool has new pool pump and patio just re-screened and all the pavers were resanded and sealed - all ready for you to enjoy or entertain. You will love that 4 rooms open to the outdoor pool and living space including 2 bedrooms and the Living room / Dining room as well as the Kitchen/family room all open onto the pool. The pool boasts 2 swim shelves - Florida living at it’s best. The master bathroom and half bath have been recently updated along with most rooms freshly painted and new carpet in two of the bedrooms. School districts are Curlew Creek Elementary, Safety Harbor Middle & Countryside High.2 miles from downtown Safety Harbor, 7 miles from Honeymoon Island, and plenty of stores and restaurants nearby. Come and see it in person or request our virtual tour. Country Villas is a quiet community with sidewalks and Only One Way In/Out; You can expect peaceful surroundings! This home is move-in ready and will check all of your boxes for your next home! Safety Harbor has a very active downtown with festivals and activities of all kinds along Main Street and at the Marina. Philippe Park offers playgrounds, a climbing park, kayak and public boat launches, picnic shelters, and a baseball field. Bayshore waterside trail is a great place and filled with walkers, runners, and bikers who can take the trail all the way across the Courtney Campbell bridge to Tampa! Just a short drive to Tampa International Airport, award-winning sugar-sand beaches, dog parks, playgrounds, shopping, restaurants, breweries and of course the famous Safety Harbor Spa! You will not be disappointed with this home and this quaint community! Be sure to check out the 360 property tour.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,402
Property Tax -$441
Property Insurance -$141
HOA -$4
Property Management Fees -$129
CASH FLOW
$23

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

$2,140

PROJECTED RENT

0.56%

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

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 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$36,136

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,237

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1403$2,2504$2,2955$2,428
$2,428
RENT COMPS ANALYSIS
  • 108 Peacock Cir Safety Harbor, FL 2
    • 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.18
    •  
  • 2100 Widgeon Ave Safety Harbor, FL 1
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1980
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.21
    •  
  • 104 Hillcrest Dr Safety Harbor, FL 3
    • 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1980
    LEASED 12/10/20
    • 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
    •  
  • 102 Jasmine Cir Safety Harbor, FL 5
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1979
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,428
    • $1.33
    •  
PROPERTY LISTING DETAILS
Cyndee Haydon
1.727.710.8035
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8107385
Last Updated: 12/13/2020
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