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2088 Glenbrook Dr Dunedin, FL 34698

4 Beds 3 Baths 2,027 sqft Built 1989

$414,900

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $204.69
  • 4 Days on Market
  • MLS # : W7828147
  • Updated Date : 11/06/2020 at 10:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,027 sqft
  • Baths : 3 full
Listing Agent

Abbas Realty Group Llc

Listing Agent's Description

Well maintained, one owner home now availalbe in the established community of Barrington Hills! This meticulously, maintained POOL home offers four bedrooms, three baths plus an oversized, two car-garage. Spacious floor plan featuring an updated kitchen with granite countertops, wood cabinets and stainless steel appliances that overlook the living room and fireplace. Some of the other quality features throughout include; fully owned solar panels, water softener, decorative tile roof, California closets and newer windows and doors (2015) all with hurricane shutters. All situated on a fenced-in, corner lot with NO HOA or flood insurance required. Great location conveniently located minutes to downtown Dunedin and Honeymoon Island.

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

Neighborhood: Barrington Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $85k389k

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

Neighborhood: Barrington Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8782197

* 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
Safety Harbor Middle School Middle Regular 1,319 75 5
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

Safety Harbor Middle School

  • Education Level: Middle
  • # of students: 1,319
  • # of teachers: 75
5
GreatSchools Rating

Dunedin High School

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

$373,410$456,390$414,900

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,531
Property Tax -$539
Property Insurance -$154
Property Management Fees -$80
CASH FLOW
-$14

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.

$414,900

PROJECTED PRICE

$2,290

PROJECTED RENT

0.55%

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

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,699

INVESTMENT

$115,699

Down Payment
$103,725
Rehab Estimate
$5,750
Closing Costs
$6,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,725
Loan Amount $311,175
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$33,743

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,931

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,8953$1,9004$2,0005$2,290
$2,290
RENT COMPS ANALYSIS
  • 2088 Glenbrook Dr Dunedin, FL 5
    • 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.13
    •  
  • 1024 Kenwood Dr Dunedin, FL 1
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1983
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.95
    •  
  • 1281 Stony Brook Ln Dunedin, FL 2
    • 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 1978
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.93
    •  
  • 2140 Pine Ridge Dr Clearwater, FL 3
    • 3 beds 2 baths ∙ 2,179 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,179 Sqft ∙ Built 1970
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 1241 Stony Brook Ln Dunedin, FL 4
    • 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 1976
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.06
    •  
PROPERTY LISTING DETAILS
Angela Abbas
1.727.479.8560
Abbas Realty Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828147
Last Updated: 11/06/2020
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