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1249 Viking Dr Holiday, FL 34691

3 Beds 2 Baths 1,588 sqft Built 1972

$224,900

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $141.62
  • 2 Days on Market
  • MLS # : W7830349
  • Updated Date : 01/30/2021 at 13:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,588 sqft
  • Baths : 2 full
Listing Agent

Re/max Advantage Realty

Listing Agent's Description

*NO FLOOD INSURANCE REQUIRED, POOL HOME!* Live just MINUTES from the GULF OF MEXICO, and ANCLOTE STATE PARK! Welcome to this meticulously maintained, 2 bedroom, 2 bath, POOL HOME with a NEW POOL PUMP, an OFFICE and OPEN FLOOR PLAN! As you arrive, you'll notice the LARGE-OVERSIZED 2 car driveway, large-well kept 2 car garage, nice landscaping, and updated windows on the front of the home! Enter into the home and you'll enter into the interior entryway, which will lead you right into the HUGE great room that also has a large OFFICE area! This Home allows in a ton of NATURAL LIGHT with its open floor plan. On the right side of the home you'll find the Master's suit, which has its own master bathroom and walk in closet! Follow the hallway down and notice tons of storage space, with a linen closet that has built ins. The second bedroom is large with tons of cabinet space for storage! On the left side of the home, you have the kitchen, which has beautiful dark gloss appliances, decorative backsplash, laminate counters, LED lighting, and a garbage disposal. The conveniently located dinning room keeps you very close to the kitchen as well. The HUGE living room has views from the kitchen, sliding glass doors with views of you backyard POOL OASIS, a GAS FIREPLACE that has nice stone around it, and even has a WET BAR! The POOL area is massive, with plenty of pool deck area to hangout and relax or entertain your guests, as well as a screened enclosure! The home also has an upgraded TANKLESS WATER HEATER, and Water softener! The HVAC has been maintained and has a recently installed NEW COIL to keep it running like new, as well as an upgraded humidity control! In the backyard you have nice shed for extra storage space that does convey with the property!

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: Holiday Lake Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $44k238k

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

Neighborhood: Holiday Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5971590

* 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
Gulfside Elementary School Primary Regular 514 47 3
Paul R. Smith Middle School Middle Regular 1,030 69 3
Anclote High School High Regular 1,381 78 4

Gulfside Elementary School

  • Education Level: Primary
  • # of students: 514
  • # of teachers: 47
3
GreatSchools Rating

Paul R. Smith Middle School

  • Education Level: Middle
  • # of students: 1,030
  • # of teachers: 69
3
GreatSchools Rating

Anclote High School

  • Education Level: High
  • # of students: 1,381
  • # of teachers: 78
4
GreatSchools Rating
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$781
Property Tax -$250
Property Insurance -$129
Property Management Fees -$129
CASH FLOW
$121

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.

$224,900

PROJECTED PRICE

$1,410

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 13.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$781

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$26,762

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,401

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2503$1,2754$1,4005$1,410
$1,410
RENT COMPS ANALYSIS
  • 1249 Viking Dr Holiday, FL 5
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.89
    •  
  • 3109 Cable Dr Holiday, FL 1
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1974
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.82
    •  
  • 3525 Harvard Dr Holiday, FL 2
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1968
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.87
    •  
  • 3208 Brompton Dr Holiday, FL 3
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1970
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.89
    •  
  • 1249 Maybury Dr Holiday, FL 4
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1972
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.95
    •  
PROPERTY LISTING DETAILS
Steven Wallace
1.727.836.0023
Re/max Advantage Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830349
Last Updated: 01/30/2021
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