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1640 Bentley Ct Palm Harbor, FL 34684

3 Beds 2 Baths 1,942 sqft Built 1980

INVESTimate

$339,900

List Price

$2,000

$1,800 - $2,200

Rent Est.

$351,049  ( +3.28%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $175.03
  • 5 Days on Market
  • MLS # : U8092949
  • Updated Date : 08/23/2020 at 16:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,942 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

This one is a must see! Larger three bedroom home adjoins a serene preserve on a quiet cul-de-sac. Quality renovations you will appreciate include an updated kitchen with cabinet pull-outs and quartz counters, an expanded master bedroom with extra closet space and a new en suite with step-in shower, hurricane impact windows throughout the house, tile flooring, updated hall bathroom and screened lanai, and newer AC, electric panel, plumbing, water heater, & water softener. The enlarged floor plan has a finished family room with pretty views of the well maintained preserve. Living & dining areas are open and spacious. The breakfast nook in the kitchen features cheerful windows and you'll like the large laundry/utility room off the kitchen. The lawn irrigation system is fed by a cost-saving reclaimed water source. Highland Lakes is Palm Harbor's premier 55+ golf community. The list of amenities is endless and includes free golf on 3 private executive courses and heated pools! The huge clubhouse is venue for entertainment & social events and you'll like the friendly country club atmosphere. Fitness programs include water aerobics, yoga & more, there are arts & crafts programs, and a club for virtually every interest. The Lake Tarpon Lodge also has a heated pool, private party facilities, fishing pier, community pontoon boats, and a secure lot for free RV or boat storage. Don't hesitate - it's time to live your best life!

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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: Highland Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Highland Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8912044

* 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
Highland Lakes Elementary School Primary Regular 575 41 8
Joseph L. Carwise Middle School Middle Regular 1,067 60 7
Palm Harbor University High School High Magnet 2,522 113 9

Highland Lakes Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 41
8
GreatSchools Rating

Joseph L. Carwise Middle School

  • Education Level: Middle
  • # of students: 1,067
  • # of teachers: 60
7
GreatSchools Rating

Palm Harbor University High School

  • Education Level: High
  • # of students: 2,522
  • # of teachers: 113
9
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

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$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,254
Property Tax -$428
Property Insurance -$149
HOA -$109
Property Management Fees -$80
CASH FLOW
-$20

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.

$339,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.28%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$26,711

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,136

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,9953$2,0004$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 1640 Bentley Ct Palm Harbor, 3
    • 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
  • 2325 Orangepointe Ave Palm Harbor, 1
    • 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1979
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.14
    •  
  • 3118 Sean Way Palm Harbor, 2
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1991
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.05
    •  
  • 1643 W Orangecrest Ave Palm Harbor, 4
    • 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1979
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.10
    •  
  • 3110 S Canal Dr Palm Harbor, 5
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1994
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.11
    •  
PROPERTY LISTING DETAILS
Mary Marconi
1.727.542.4737
Coldwell Banker Residential
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8092949
Last Updated: 08/23/2020
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