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1260 Ohio Ave Dunedin, FL 34698

3 Beds 1 Baths 889 sqft Built 1980

$229,500

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $258.16
  • 32 Days on Market
  • MLS # : U8107161
  • Updated Date : 01/09/2021 at 22:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 889 sqft
  • Baths : 1 full
Listing Agent

Celtic Realty

Listing Agent's Description

Dunedin Location, location. Hammock Park, Golf Cart Parades, Dunedin Art Center, Honey Moon Island, Coffee shops with Downtown Dunedin is just a golf cart ride away.. Come and enjoy the breweries, shops, festivals, farmers market, & events! Bike to the Pinellas Trail, relax on the beaches of Honeymoon Island State Park or one of Pinellas County's award winning beaches. Clearwater 10 minutes south, Tarpon Springs 15 minutes north and the Tampa International airport 45 minutes away. Dunedin Florida is centrally located making it easy to get over to Disney in less than 2 hours, be down south to Fort Myers in a few hours or less or drive across tot the east coast of Daytona Beach in 3.5 hours. 3 bed 1.5 bath

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
Dunedin Highland Middle School Middle Magnet 1,060 60 4
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

Dunedin Highland Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 60
4
GreatSchools Rating

Dunedin High School

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

$206,550$252,450$229,500

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$797
Property Tax -$260
Property Insurance -$88
Property Management Fees -$129
CASH FLOW
$16

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.

$229,500

PROJECTED PRICE

$1,290

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,568

INVESTMENT

$66,568

Down Payment
$57,375
Rehab Estimate
$5,750
Closing Costs
$3,443

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$797

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,375
Loan Amount $172,125
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$18,467

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $1,294

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,6503$1,6954$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 1260 Ohio Ave Dunedin, FL 1
    • 3 beds 2 baths ∙ 889 Sqft ∙ Built 1980 3 beds 2 baths ∙ 889 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.45
    •  
  • 1353 Wildwood Ct Dunedin, FL 2
    • 3 beds 2 baths ∙ 1,143 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,143 Sqft ∙ Built 1977
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.44
    •  
  • 1574 Redwood Ave Dunedin, FL 3
    • 3 beds 2 baths ∙ 1,135 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,135 Sqft ∙ Built 1978
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.49
    •  
  • 1575 Redwood Ave Dunedin, FL 4
    • 3 beds 2 baths ∙ 1,135 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,135 Sqft ∙ Built 1978
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.49
    •  
  • 1893 Laurelwood Ln Dunedin, FL 5
    • 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1974
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.40
    •  
PROPERTY LISTING DETAILS
Jeff Thomas
1.727.337.6230
Celtic Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8107161
Last Updated: 01/09/2021
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