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1790 Eagle Ridge Blvd Palm Harbor, FL 34685

4 Beds 3 Baths 2,259 sqft Built 1994

$440,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $194.78
  • 2 Days on Market
  • MLS # : U8107852
  • Updated Date : 01/02/2021 at 15:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,259 sqft
  • Baths : 3 full
Listing Agent

Keller Williams St Pete Realty

Listing Agent's Description

Beautiful 4 bedroom, 3 bathroom, 2 car garage home with great curb appeal! Pretty tropical landscaping and side entry garage. Enter through the double doors to this beautifully updated and open floor plan with huge a great room complete with vaulted ceilings, recessed lighting, and a gas burning fireplace that is flanked on both sides with oversized windows overlooking pool area. There is a separate formal dining room for elegant entertaining. The kitchen features raised panel wood cabinetry, breakfast bar, updated appliances and a large eating area with 2 sets of french doors leading to the screened lanai. You will love the spacious master suite with an en suite offering a pampering jetted tub, separate shower, double vanity, and walk-in closet. There are 3 additional bedrooms and 2 bathrooms in a great 3 way split bedroom plan. Next up, the back of the house! There’s a large covered lanai with 2 seating areas, an inviting heated pool with a screen enclosure, low-maintenance landscape materials and it is surrounded by a PVC privacy fence. This turnkey home is zoned for A-rated schools and is ideally located at the southern end of the always desirable East Lake corridor, offering an easy commute and quick access to shopping, services, beaches, and airports.

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: 34685

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k390k

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

Zip Code: 34685

ZipNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052510

* 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
Forest Lakes Elementary School Primary Regular 560 41 8
Joseph L. Carwise Middle School Middle Regular 1,067 60 7
East Lake High School High Regular 2,091 103 8

Forest Lakes Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 41
8
GreatSchools Rating

Joseph L. Carwise Middle School

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

East Lake High School

  • Education Level: High
  • # of students: 2,091
  • # of teachers: 103
8
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,623
Property Tax -$574
Property Insurance -$168
HOA -$50
Property Management Fees -$129
CASH FLOW
$46

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.

$440,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$44,362

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,327

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4953$2,5904$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 1790 Eagle Ridge Blvd Palm Harbor, FL 3
    • 4 beds 4 baths ∙ 2,259 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,259 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.15
    •  
  • 1775 Stable Trl Palm Harbor, FL 1
    • 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 1990
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
  • 4172 Boyd Ln Palm Harbor, FL 2
    • 4 beds 2 baths ∙ 2,460 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,460 Sqft ∙ Built 1992
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.01
    •  
  • 1801 Eagle Trace Blvd Palm Harbor, FL 4
    • 3 beds 3 baths ∙ 2,487 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,487 Sqft ∙ Built 1992
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.05
    •  
  • 4100 Boyd Ln Palm Harbor, FL 5
    • 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 1994
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.08
    •  
PROPERTY LISTING DETAILS
Darin Dobson
1.407.947.6773
Keller Williams St Pete Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8107852
Last Updated: 01/02/2021
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