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14656 Douglas Dr Dade City, FL 33523

3 Beds 2 Baths 1,107 sqft Built 1985

$155,000

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $140.02
  • 4 Days on Market
  • MLS # : T3284499
  • Updated Date : 01/14/2021 at 20:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,107 sqft
  • Baths : 1 full , 1 half
Listing Agent

Coldwell Banker Aquaterra Realty

Listing Agent's Description

Mr Clean lives here - MOVE-IN READY AND JUST WAITING FOR ITS NEW OWNER. Nice 3 bedroom 1 1/2 bath with attached one car garage CB home only minutes from Downtown Dade City. Great updated kitchen with tons of cabinet space plus a closet pantry and newer appliances. Updated bathrooms. Flooring consists of tile in the wet areas and carpeting in living room and bedrooms. AC 5 years old. Fenced in yard.

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: 33523

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Zip Code: 33523

ZipNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6721590

* 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
Rodney B. Cox Elementary School Primary Regular 487 31 3
Pasco Middle School Middle Regular 916 67 3
Pasco High School High Regular 1,595 93 4

Rodney B. Cox Elementary School

  • Education Level: Primary
  • # of students: 487
  • # of teachers: 31
3
GreatSchools Rating

Pasco Middle School

  • Education Level: Middle
  • # of students: 916
  • # of teachers: 67
3
GreatSchools Rating

Pasco High School

  • Education Level: High
  • # of students: 1,595
  • # of teachers: 93
4
GreatSchools Rating
 

$139,500$170,500$155,000

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$538
Property Tax -$247
Property Insurance -$100
Property Management Fees -$129
CASH FLOW
$75

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.

$155,000

PROJECTED PRICE

$1,090

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.1%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,825

INVESTMENT

$46,825

Down Payment
$38,750
Rehab Estimate
$5,750
Closing Costs
$2,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$538

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $38,750
Loan Amount $116,250
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$16,610

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,085

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,090
1$1,0902$1,1253$1,295
$1,295
RENT COMPS ANALYSIS
  • 14656 Douglas Dr Dade City, FL 1
    • 3 beds 2 baths ∙ 1,107 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,107 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.98
    •  
  • 37208 Grassy Hill Ln Dade City, FL 2
    • 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 2005
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.93
    •  
  • 14751 State St Dade City, FL 3
    • 4 beds 2 baths ∙ 1,252 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,252 Sqft ∙ Built 1979
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.03
    •  
PROPERTY LISTING DETAILS
Julie Ciociola
1.813.546.3050
Coldwell Banker Aquaterra Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284499
Last Updated: 01/14/2021
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