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1104 Dartmouth Ter Safety Harbor, FL 34695

3 Beds 3 Baths 2,303 sqft Built 1995

$481,100

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $208.90
  • 2 Days on Market
  • MLS # : W7831537
  • Updated Date : 03/13/2021 at 10:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,303 sqft
  • Baths : 2 full , 1 half
Listing Agent

54 Realty Llc

Listing Agent's Description

Wonderful 3 bedroom, 2.5 bath pool home in the Georgetown East neighborhood! Entering the home you are welcomed into the foyer which leads to the large family room featuring fresh neutral tones, beautiful laminate flooring, high vaulted ceiling, fireplace, and double sliding doors allowing natural light to glow in the room. The kitchen boasts ample cabinet and counterspace, with large pantry, all wood cabinets, granite countertops, breakfast nook and bar overlooking the family room. The primary bedroom is on the lower level of the home, and features sliding doors to the patio, wonderful walk-in closet and en suite bathroom with double vanity sinks, soaking tub and walk-in shower. Also on the lower level of the home is a spacious formal dining room and guest bath. Upstairs you are welcomed by a spacious loft overlooking the family room, down the hall there are two additional bedrooms that share a hall bath. Outside you will enjoy relaxing on your screened patio with pool, the perfect space for entertaining. Located in Safety Harbor, this home is convenient to shops, restaurants, beaches and major roads for an easy commute to Tampa and surrounding areas.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Georgetown East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Georgetown East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052069

* 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
Safety Harbor Elementary School Primary Regular 662 47 7
Safety Harbor Middle School Middle Regular 1,319 75 5
Countryside High School High Regular 2,175 106 5

Safety Harbor Elementary School

  • Education Level: Primary
  • # of students: 662
  • # of teachers: 47
7
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
 

$432,990$529,210$481,100

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,671
Property Tax -$558
Property Insurance -$170
HOA -$150
Property Management Fees -$129
CASH FLOW
-$9

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.

$481,100

PROJECTED PRICE

$2,670

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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$133,242

INVESTMENT

$133,242

Down Payment
$120,275
Rehab Estimate
$5,750
Closing Costs
$7,217

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,671

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,275
Loan Amount $360,825
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$33,613

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,677

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4953$2,4954$2,6705$3,000
$3,000
RENT COMPS ANALYSIS
  • 1104 Dartmouth Ter Safety Harbor, FL 4
    • 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.16
    •  
  • 404 Westborough Ln Safety Harbor, FL 1
    • 3 beds 3 baths ∙ 2,063 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,063 Sqft ∙ Built 1989
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.11
    •  
  • 2460 Fayette Dr W Safety Harbor, FL 2
    • 3 beds 2 baths ∙ 2,332 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,332 Sqft ∙ Built 1982
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.07
    •  
  • 4054 Bridgeport Dr Safety Harbor, FL 3
    • 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
    •  
  • 1119 Hounds Run Safety Harbor, FL 5
    • 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,182 Sqft ∙ Built 1992
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.37
    •  
PROPERTY LISTING DETAILS
Annie O'sullivan
1.813.531.1151
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7831537
Last Updated: 03/13/2021
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