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2521 Sandy Hill Ct Holiday, FL 34691

3 Beds 2 Baths 1,819 sqft Built 2003

$269,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $147.88
  • 3 Days on Market
  • MLS # : W7828232
  • Updated Date : 11/07/2020 at 10:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,819 sqft
  • Baths : 2 full
Listing Agent

New Dimensions In Real Est Inc

Listing Agent's Description

Live the Florida lifestyle in this 1819 sq. ft. 3 bedroom 2 bath villa with a formal living room or use it as your home office. Located just a stones throw from The Gulf of Mexico beaches, parks and boating. Anclote Park is located 1/4 mile from Key Vista and offers one of the deepest deep water boat ramps. Gated active 55+ community with two clubhouses,2 pools, hot tub, fitness center, media room, tennis courts and more. Exterior of home is maintained by HOA and lawn care is also. All new high end wood flooring recently installed, newer A/C. new stainless appliances, new light fixtures and all wall switches and outlets. Key Vista features a boat/trailer secure storage with electric gated fence ,surveillance cameras and a wash down station. Just bring your tooth brush and your bathing suit.

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: Key Vista

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280kPrice in $46k285k

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

Neighborhood: Key Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6071758

* 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
Gulf Trace Elementary School Primary Regular 707 49 3
Paul R. Smith Middle School Middle Regular 1,030 69 3
Anclote High School High Regular 1,381 78 4

Gulf Trace Elementary School

  • Education Level: Primary
  • # of students: 707
  • # of teachers: 49
3
GreatSchools Rating

Paul R. Smith Middle School

  • Education Level: Middle
  • # of students: 1,030
  • # of teachers: 69
3
GreatSchools Rating

Anclote High School

  • Education Level: High
  • # of students: 1,381
  • # of teachers: 78
4
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$992
Property Tax -$289
Property Insurance -$142
HOA -$120
Property Management Fees -$80
CASH FLOW
-$73

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.

$269,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$14,682

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,705

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6493$1,7254$1,8005$1,910
$1,910
RENT COMPS ANALYSIS
  • 2521 Sandy Hill Ct Holiday, FL 1
    • 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 2746 Big Pine Dr Holiday, FL 2
    • 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2001
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.94
    •  
  • 2549 Arrowpointe Dr Holiday, FL 3
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2003
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.98
    •  
  • 2541 Arrowpointe Dr Holiday, FL 4
    • 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2003
    LEASED 07/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
  • 2511 Indian Key Dr Holiday, FL 5
    • 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 2002
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.94
    •  
PROPERTY LISTING DETAILS
Pam Pampenella, Pa
1.727.741.1521
New Dimensions In Real Est Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828232
Last Updated: 11/07/2020
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