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1618 San Helen Dr Dunedin, FL 34698

4 Beds 3 Baths 1,941 sqft Built 1960

$450,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $231.84
  • 2 Days on Market
  • MLS # : U8111681
  • Updated Date : 01/31/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,941 sqft
  • Baths : 3 full
Listing Agent

Re/max Action First Of Florida

Listing Agent's Description

Looking for a solid Dunedin home with Modern updates that kept some of the amazing retro charm? This may be the home for you then. • This 4 Bedroom home has pristine retro bathrooms and a gorgeous updated Kitchen with Stainless Steel Appliances and Granite counters. • Some of the rooms have the gorgeous Terrazzo flooring exposed! • Do you like to Entertain? This home has a great Dining Room at the center of the home with an adjoining Butlers Pantry with nearly 11 feet of Buffet Counter with storage underneath! • Looking for a split bedroom floorplan? The layout of this home with two bedrooms and a bathroom at the front and the large Master Bedroom and another very spacious guest bedroom at the rear is perfect • Not a fan of mowing grass? You will love the fully fenced back yard, it is low maintenance, private and peaceful. • Be sure to check out the listing photos for more details about the home and the rooms! • This home has been meticulously maintained. • Main Roof 2012, Flat Roof 2017, HVAC 2004, Water Heater 2012. • You will love how close you are to everything that Delightful Dunedin has to offer……just ½ Mile and you will be at the Pinellas Trail, a walking and biking trail that spans from Tarpon Springs to the north and passes directly thru downtown Dunedin and goes all the way down to St Pete in the South. • Want to get around by golf cart? You are in luck, you are in the Golf Cart Approved area in Dunedin. • Just a short ride and you will be at Main St downtown with all the amazing Restaurants, Shops, Bars & Breweries! • A short ride to the North and you will be at the Dunedin Community Center, Art Center, Highlander or Hammock Parks. • About 4 miles has you at Honeymoon Island! Don’t miss out on this amazing home!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
San Jose Elementary School Primary Regular 455 39 4
Palm Harbor Middle School Middle Regular 1,375 75 6
Dunedin High School High Regular 1,517 76 4

San Jose Elementary School

  • Education Level: Primary
  • # of students: 455
  • # of teachers: 39
4
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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,563
Property Tax -$510
Property Insurance -$149
Property Management Fees -$129
CASH FLOW
$99

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.

$450,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.54%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$42,466

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,426

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3754$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 1618 San Helen Dr Dunedin, FL 4
    • 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.26
    •  
  • 1757 Douglas Ave Dunedin, FL 1
    • 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1952 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1952
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.23
    •  
  • 1519 Bass Blvd Dunedin, FL 2
    • 3 beds 4 baths ∙ 2,050 Sqft ∙ Built 1958 3 beds 4 baths ∙ 2,050 Sqft ∙ Built 1958
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.12
    •  
  • 1893 Brae Moor Dr Dunedin, FL 3
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1979
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.35
    •  
  • 733 Scotland St Dunedin, FL 5
    • 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 1960
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.30
    •  
PROPERTY LISTING DETAILS
Kelly Dixon
1.727.692.3073
Re/max Action First Of Florida
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8111681
Last Updated: 01/31/2021
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