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2226 Arch Mcdonald Dr Dover, FL 33527

3 Beds 2 Baths 1,708 sqft Built 1980

$259,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $151.64
  • 5 Days on Market
  • MLS # : T3274448
  • Updated Date : 11/05/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,708 sqft
  • Baths : 2 full
Listing Agent

Huis Premier Realty

Listing Agent's Description

SELLERS are MOTIVATED!!! Looking for a HUGE Lot in a mature neighborhood to park your BOAT or RV!!! You found the perfect home with a NEWER A/C unit and a NEWER roof with NO HOA and NO CDD fees. This home has 3 bedrooms and 2 full bathrooms with an OVERSIZED Master Bedroom. In addition, there is a BONUS room which can be used for work space or an extra bedroom. This home also has an ENORMOUS fenced backyard for your enjoyment. Also, located near great schools, restaurants, and close to Selmon Expressway, I-75, and I-4. Please call today to set up your private showing because this home will not last long!

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: East County Civic Group

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: East County Civic Group

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Nelson Elementary School Primary Regular 838 60 5
Mulrennan Middle School Middle Regular 1,133 71 6
Durant High School High Regular 2,303 117 5

Nelson Elementary School

  • Education Level: Primary
  • # of students: 838
  • # of teachers: 60
5
GreatSchools Rating

Mulrennan Middle School

  • Education Level: Middle
  • # of students: 1,133
  • # of teachers: 71
6
GreatSchools Rating

Durant High School

  • Education Level: High
  • # of students: 2,303
  • # of teachers: 117
5
GreatSchools Rating
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$956
Property Tax -$335
Property Insurance -$136
Property Management Fees -$80
CASH FLOW
$184

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.

$259,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$43,623

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,806

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,8003$1,8004$1,8755$1,899
$1,899
RENT COMPS ANALYSIS
  • 2226 Arch Mcdonald Dr Dover, FL 1
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.99
    •  
  • 2111 Siloam Springs Dr Dover, FL 2
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1980
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 2113 Siloam Springs Dr Dover, FL 3
    • 4 beds 2 baths ∙ 1,533 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,533 Sqft ∙ Built 1979
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.17
    •  
  • 4901 Otter Creek Ct Valrico, FL 4
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1999
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.03
    •  
  • 3147 Beaver Pond Trl Valrico, FL 5
    • 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1999
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.05
    •  
PROPERTY LISTING DETAILS
Vicki Strickler
1.813.318.2434
Huis Premier Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274448
Last Updated: 11/05/2020
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