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1511 Beechwood Ct Dunedin, FL 34698

3 Beds 2 Baths 1,346 sqft Built 1976

$284,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $211.66
  • 3 Days on Market
  • MLS # : U8109365
  • Updated Date : 01/09/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,346 sqft
  • Baths : 2 full
Listing Agent

Arbors Management & Realty

Listing Agent's Description

THIS BEAUTY IS LOCATED IN DESIRABLE DUNEDIN. HOUSE IS ON A CALDASAC RD. ALL CERAMIC TILE THROUGH OUT THE HOUSE EXTRA LARGE PORCH. FENCED BACK YARD. SPLIT PLAN. HURRICANE SHUTTERS. COME TAKE A LOOK FOR YOURSELF.

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
Palm Harbor Middle School Middle Regular 1,375 75 6
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

Palm Harbor Middle School

  • Education Level: Middle
  • # of students: 1,375
  • # of teachers: 75
6
GreatSchools Rating

Dunedin High School

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

$256,410$313,390$284,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$990
Property Tax -$323
Property Insurance -$114
Property Management Fees -$129
CASH FLOW
$114

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.

$284,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.59%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$32,099

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,666

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6703$1,6954$1,7005$1,825
$1,825
RENT COMPS ANALYSIS
  • 1511 Beechwood Ct Dunedin, FL 2
    • 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.24
    •  
  • 1462 Chesterfield Dr Dunedin, FL 1
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1980
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.23
    •  
  • 1922 Belcher Rd Dunedin, FL 3
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1973
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.20
    •  
  • 1207 Dinnerbell Ln E Dunedin, FL 4
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1978
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.21
    •  
  • 1730 Sutton Pl Dunedin, FL 5
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1980
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.31
    •  
PROPERTY LISTING DETAILS
Jeffrey Thompson
1.727.418.0930
Arbors Management & Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109365
Last Updated: 01/09/2021
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