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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $253.40
- 2 Days on Market
- MLS # : U8107760
- Updated Date : 12/19/2020 at 21:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,618 sqft
- Baths : 2 full
Listing Agent
Realty Experts
Listing Agent's Description
Beautiful and fully furnished Palm Harbor home that is situated in the quiet Noell Heights neighborhood. This home has been well cared for and has many great features. Recently painted inside and out for a fresh look along with great curb and maintained landscaping. New Soffits and gutters with leaf guards have recently been installed, Both bathrooms have been remodeled with tasteful touches and a jacuzzi tub, the pool has been resurfaced, and last but not least...BRAND NEW hurricane impact windows have been installed. An entertainers paradise! The master bedroom has doors leading out to the pool and screened lanai which overlooks the HUGE and oversized backyard. Great location, minutes to the Beaches, downtown Palm Harbor and A+ top rated schools. HURRY....THIS WON'T LAST LONG.
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Zip Code: 34683
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34683
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,513 |
| Property Tax | -$516 | |
| Property Insurance | -$130 | |
| HOA | -$4 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$202
|
||
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.
$410,000
PROJECTED PRICE
$2,090
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| 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
$114,400
LOAN DETAILS
$1,513
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,500 |
| Loan Amount | $307,500 |
4
YEARS SAVED
$17,831
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$1.29
LIST RENT PER SQFT
-
$1,836
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
1420 Noell Blvd Palm Harbor, FL 5
- 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $2,090
- $1.29
-
30 Durham Ct Palm Harbor, FL 1
- 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1978
LEASED 08/11/20- Rent
- Rent Per SQFT
- $1,799
- $1.05
-
1666 Spottswood Cir Palm Harbor, FL 2
- 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1986
LEASED 10/08/20- Rent
- Rent Per SQFT
- $1,900
- $1.13
-
1191 Mineola Cir Palm Harbor, FL 3
- 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1982
LEASED 04/03/20- Rent
- Rent Per SQFT
- $2,000
- $1.18
-
787 Stonehenge Way Palm Harbor, FL 4
- 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1985
LEASED 10/20/20- Rent
- Rent Per SQFT
- $2,000
- $1.18
PROPERTY LISTING DETAILS
1.727.916.0505
Realty Experts
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8107760
Last Updated: 12/19/2020
