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1414 Whitehall Ln Holiday, FL 34691

3 Beds 2 Baths 1,636 sqft Built 1972

INVESTimate

$199,900

List Price

$1,230

$1,107 - $1,353

Rent Est.

$226,067  ( +13.09%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $122.19
  • 9 Days on Market
  • MLS # : U8094781
  • Updated Date : 08/24/2020 at 09:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,636 sqft
  • Baths : 2 full
Listing Agent

Engel & Volkers Belleair

Listing Agent's Description

Rare and hard to find 3 bedroom, 2 bath, plus oversized 1 car garage block home in Holiday Lake Estate. NO FLOOD INSURANCE REQUIRED! Updated split bedroom and open concept floor plan with a bonus room/office and a formal living area. Floors are durable and easy to clean wood grain ceramic tile planks. Thermal windows throughout. New roof (2017), new AC (2017), and a new hot water heater (2018). Kitchen remodel (2020) with new cabinets, granite countertops, and reverse osmosis system. Updated master and guest bathrooms. Master bedroom has new vinyl plank flooring. The other 2 bedrooms have plenty of closet space. The fenced yard has a HUGE storage shed and has electricity. All of the big-ticket home items have been recently replaced or updated. This home is move-in ready. More photos will be posted soon.

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: 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
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$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$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$738
Property Tax -$223
Property Insurance -$117
Property Management Fees -$80
CASH FLOW
$73

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.

$199,900

PROJECTED PRICE

$1,230

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 13.09%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$24,019

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,225

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2303$1,2504$1,2755$1,295
$1,295
RENT COMPS ANALYSIS
  • 1414 Whitehall Ln Holiday, 2
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.89
    •  
  • 1447 Russel Ln Holiday, 1
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1971
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.77
    •  
  • 3525 Harvard Dr Holiday, 3
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1968
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.87
    •  
  • 3208 Brompton Dr Holiday, 4
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1970
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.89
    •  
  • 3041 Holiday Lake Dr Holiday, 5
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1971
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.01
    •  
PROPERTY LISTING DETAILS
John Traczyk
1.727.254.2169
Engel & Volkers Belleair
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8094781
Last Updated: 08/24/2020
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