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2145 Portside Psge Palm Harbor, FL 34685

3 Beds 2 Baths 1,546 sqft Built 1978

$295,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $190.82
  • 3 Days on Market
  • MLS # : U8115220
  • Updated Date : 03/05/2021 at 11:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,546 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Rare Opportunity to own a 3 bedroom, 2 bathroom pristine home in the highly sought-after 55+ Community of Anchorage at Lake Tarpon. The split bedroom floor plan features a perfect space for an office or den and an immense freshly screened porch overlooking a peaceful beautifully landscaped backyard. The owner has done all the necessary upgrades to realize huge savings on your insurance including all new hurricane-rated doors & windows and a 3-dimensional architectural shingle roof installed in 2020. Beautiful double leaded glass front doors invite you into the interior of the home where you will find gorgeous tile flooring throughout and a master suite with sliders to the porch, a sizable walk-in closet and a totally upgraded master bathroom with double sinks and shower. Other great features of the home include new interior closets and doors, all new gutters, extra insulation in the attic for energy savings and other details you have to see to appreciate. The location can't be beat with John Chestnut Park on expansive Lake Tarpon just around the corner and a variety of dining and shopping options nearby.

SEE MORE

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: Anchorage

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Anchorage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052044

* 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
Cypress Woods Elementary School Primary Regular 754 49 10
Joseph L. Carwise Middle School Middle Regular 1,067 60 7
East Lake High School High Regular 2,091 103 8

Cypress Woods Elementary School

  • Education Level: Primary
  • # of students: 754
  • # of teachers: 49
10
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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,025
Property Tax -$381
Property Insurance -$126
HOA -$33
Property Management Fees -$129
CASH FLOW
$136

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.

$295,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.62%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$35,048

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,871

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,830
1$1,8302$1,9503$1,9754$2,1755$2,200
$2,200
RENT COMPS ANALYSIS
  • 2145 Portside Psge Palm Harbor, FL 1
    • 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.18
    •  
  • 3186 Bentley Dr Palm Harbor, FL 2
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1992
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.26
    •  
  • 2825 Wendover Ter Palm Harbor, FL 3
    • 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 1974
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.23
    •  
  • 2832 Weston Ter Palm Harbor, FL 4
    • 3 beds 3 baths ∙ 1,827 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,827 Sqft ∙ Built 1974
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.19
    •  
  • 3672 Fairway Forest Cir Palm Harbor, FL 5
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1980
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.16
    •  
PROPERTY LISTING DETAILS
Sharon Cantin
1.727.420.4433
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8115220
Last Updated: 03/05/2021
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