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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $214.41
- 15 Days on Market
- MLS # : U8104768
- Updated Date : 11/28/2020 at 08:56
CONSTRUCTION
- Beds : 3
- Floor Size : 2,332 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
PRICED TO SELL!!! Love where you live, and live your best life right here in beautiful Dunedin! Walk or bike to Honeymoon Island and take the ferry out to the award winning Caladesi Island - voted one of the most beautiful beaches in America in 2020. This home is stunning with 3 bedrooms 2 bathrooms and is located on a private cul-de-sac with only 6 houses on the street. Enjoy your coffee as you cozy up to the fireplace and look out the window to the tranquil nature preserve that is in your backyard. Other features include, a beautiful pool with a spa (2006), 3 car garage with plenty of storage, AC is only 3 years old, laminate flooring throughout, vaulted ceilings, and no flood insurance required!!! This is the opportunity to live in a fabulous home in one of Pinellas's most beautiful cities.
SEE MORE
- #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
Zip Code: 34698
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34698
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,590 |
| EXPENSES | Loan Payment | -$1,845 |
| Property Tax | -$686 | |
| Property Insurance | -$172 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$193
|
||
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.
$499,999
PROJECTED PRICE
$2,590
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,250
LOAN DETAILS
$1,845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $125,000 |
| Loan Amount | $374,999 |
4.17
YEARS SAVED
$23,179
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,590
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$2,577
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
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1243 Espina Ct Dunedin, FL 3
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- $2,500
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758 Timuquana Ln Palm Harbor, FL 4
- 3 beds 2 baths ∙ 2,361 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,361 Sqft ∙ Built 1988
LEASED 03/18/20- Rent
- Rent Per SQFT
- $2,795
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2236 Curlew Rd Palm Harbor, FL 5
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LEASED 06/25/20- Rent
- Rent Per SQFT
- $3,000
- $1.22
PROPERTY LISTING DETAILS
1.727.409.0647
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8104768
Last Updated: 11/28/2020
