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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $239.68
- 2 Days on Market
- MLS # : U8105985
- Updated Date : 11/28/2020 at 18:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,356 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Don't delay in seeing this beautifully updated home in Palm Harbor! Well maintained from the outside to the inside! NEW ROOF being installed!!! The interior features 3 large bedrooms, 2 updated bathrooms, 2 car garage and an amazing pool area that you will love!!! The great-room is oversized with cathedral ceilings, crown molding and overlooks the dining area and updated kitchen with maple cabinetry (soft-close drawers), granite counters, s/s appliances. The master bedroom is spacious with his/her closets and private updated bathroom. The two guest rooms have walk in closets and share another updated bathroom! Everyone will love the beautiful lanai area with covered/screened patio and private hot tub! The newer pool cage boasts a gorgeous resurfaced pool (Pebble Tec) 2020. The pool filter and pump replaced in 2015, pool light 2020! Fenced yard with a large shed and room on the side of the house to park the recreational vehicles!! Other updates include: AC 2020, ducts replaced 2016 and hot water heater 2017. Tile flooring throughout. Top rated schools: PH University High, PH Middle and Ozona Elementary!! Minutes to Honeymoon Island State Park, Pinellas Trail, local parks and retail stores. This will go fast!
SEE MORE
- #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: 34683
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34683
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$409 | |
| Property Insurance | -$115 | |
| HOA | -$3 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$74
|
||
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.
$325,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
7.67
YEARS SAVED
$37,490
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$1.39
LIST RENT PER SQFT
-
$1,939
COMP ESTIMATED VALUE -
$1.43
COMP AVG. RENT PER SQFT
Comps Range
-
244 Myrtle Ct Palm Harbor, FL 2
- 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,880
- $1.39
-
314 Overstreet Ct Palm Harbor, FL 1
- 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1985
LEASED 07/12/20- Rent
- Rent Per SQFT
- $1,850
- $1.58
-
933 Woodland Dr Palm Harbor, FL 3
- 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1978
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,995
- $1.28
-
160 Tangelo Dr Palm Harbor, FL 4
- 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1981
LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,200
- $1.42
-
1405 Stonehenge Way Palm Harbor, FL 5
- 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1985
LEASED 08/27/20- Rent
- Rent Per SQFT
- $2,250
- $1.44
PROPERTY LISTING DETAILS
1.727.410.7501
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8105985
Last Updated: 11/28/2020
