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

1243 Espina Ct Dunedin, FL 34698

3 Beds 2 Baths 2,332 sqft Built 1997

$499,999

List Price

$2,590

$2.3K - $2.8K

Rent Est.

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

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

Zip Code: 34698

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k242k

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

Zip Code: 34698

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781846

* 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
Garrison-jones Elementary School Primary Regular 697 48 5
Palm Harbor Middle School Middle Regular 1,375 75 6
Dunedin High School High Regular 1,517 76 4

Garrison-jones Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 48
5
GreatSchools Rating

Palm Harbor Middle School

  • Education Level: Middle
  • # of students: 1,375
  • # of teachers: 75
6
GreatSchools Rating

Dunedin High School

  • Education Level: High
  • # of students: 1,517
  • # of teachers: 76
4
GreatSchools Rating
 

$449,999$549,999$499,999

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

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

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

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
$2,425
1$2,4252$2,5003$2,5904$2,7955$3,000
$3,000
RENT COMPS ANALYSIS
  • 1243 Espina Ct Dunedin, FL 3
    • 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.11
    •  
  • 1650 Cinnamon Ln Dunedin, FL 1
    • 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1979
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.03
    •  
  • 2204 Elizabeth Way Dunedin, FL 2
    • 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2001
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 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
    • $1.18
    •  
  • 2236 Curlew Rd Palm Harbor, FL 5
    • 3 beds 3 baths ∙ 2,469 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,469 Sqft ∙ Built 1977
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.22
    •  
PROPERTY LISTING DETAILS
Kristen Donaghy
1.727.409.0647
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8104768
Last Updated: 11/28/2020
BESbswy