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2544 Knoll St W Palm Harbor, FL 34683

3 Beds 2 Baths 1,384 sqft Built 1980

$280,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $202.31
  • 3 Days on Market
  • MLS # : U8103390
  • Updated Date : 11/06/2020 at 06:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,384 sqft
  • Baths : 2 full
Listing Agent

Waterfront Realty Tampabay

Listing Agent's Description

HERE IS YOUR OPPORTUNITY TO LIVE IN HILLTOP GROVES ESTATES IN BEAUTIFUL PALM HARBOR!  No where else can you find a more cared for, lovingly, well maintained home. This charming 3-bedroom, 2-bath home will impress you immediately with the beautiful landscaping,  tucked in the extreme SW corner of the neighborhood, on a quiet cul-de-sac. The split floor plan offers the master bedroom on one side and two other bedrooms on the other, it is a perfect family home. The large family room and dining room has built-in shelves as you enter the home. The kitchen offers a separate eat-in area or gathering space for friends and family. The master bedroom has a dressing area, large walk-in closet, and en suite bathroom with walk-in shower. There is a lovely lanai off the kitchen area to enjoy our fall Florida weather, grab your coffee and a good book to relax & enjoy the tropical landscaping. Most of your shopping needs are within a 1/2 mile of this home including: Walmart, Publix, Ace Hardware, & Walgreens just to name a few. A+ RATED PALM HARBOR SCHOOLS! Updates include: HVAC (2018), Roof (2015), 3-pane impact sliding glass door (warranty transferrable), double-pane hurricane impact windows, water heater (2012). There are pull down stairs to the attic as well as exhaust fans and fluorescent lights. This home is in a NON-FLOOD ZONE.  Make sure you put this one on your must see list today!

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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

Zip Code: 34683

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 34683

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052198

* 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
Sutherland Elementary School Primary Regular 631 41 9
Palm Harbor Middle School Middle Regular 1,375 75 6
Palm Harbor University High School High Magnet 2,522 113 9

Sutherland Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 41
9
GreatSchools Rating

Palm Harbor Middle School

  • Education Level: Middle
  • # of students: 1,375
  • # of teachers: 75
6
GreatSchools Rating

Palm Harbor University High School

  • Education Level: High
  • # of students: 2,522
  • # of teachers: 113
9
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,033
Property Tax -$358
Property Insurance -$117
Property Management Fees -$80
CASH FLOW
$162

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.

$280,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.63%

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$43,658

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,747

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,7503$1,9254$1,9955$1,995
$1,995
RENT COMPS ANALYSIS
  • 2544 Knoll St W Palm Harbor, FL 2
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.26
    •  
  • 2379 N Citrus Way Palm Harbor, FL 1
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1978
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.14
    •  
  • 1794 E Groveleaf Ave Palm Harbor, FL 3
    • 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1980
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.36
    •  
  • 2004 Citrus Hill Ln Palm Harbor, FL 4
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1981
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.28
    •  
  • 2282 Grovecrest Ave Palm Harbor, FL 5
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1981
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.27
    •  
PROPERTY LISTING DETAILS
Christa Ray
1.727.308.9999
Waterfront Realty Tampabay
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103390
Last Updated: 11/06/2020
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