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2630 Coldstone Ln Holiday, FL 34691

3 Beds 3 Baths 1,998 sqft Built 2002

$315,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $157.66
  • 2 Days on Market
  • MLS # : U8103878
  • Updated Date : 11/07/2020 at 19:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,998 sqft
  • Baths : 2 full , 1 half
Listing Agent

Future Home Realty Inc

Listing Agent's Description

BEAUIFUL "KEY VISTA COMMUNITY" THE RESORT STYLE LIVING! This beautiful home offers 3 bedrooms PLUS office/den, 2.5 baths, 3 car garage with workshop, storage cabinets, newer windows, newer a/c, updated kitchen with quartz countertops, stainless steel appliances, updated matching quartz countertops in each bathroom. The Open Floorplan offers a nice view of the covered patio and pool deck. The master bath suite has double sinks, beautiful new shower, walk in closet, patio doors that lead to the pool. Key Vista offers a very nice Clubhouse, Fitness Center, Pool, Tennis Courts, Playground, Volley Ball Court along with gated storage area for RV's/Boats are available. You can walk to the Waterfront Key Vista Gulf Park that offers 300' swimming area on the Gulf of Mexico, Picnic areas, Large Boat ramp, Birding, Wildlife Trails, Canoe ,Kayak Access, Dog Park, fishing. Take a drive to Historic Tarpon Springs Sponge Docks for lunch and shopping! So much to do in this area..NO FLOOD INSURANCE REQUIRED. Just a short commute to the famous Pinellas County Beaches, Tampa International Airport. Prior Settlement, Fully Insurable. Make your appointment fast!

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,162
Property Tax -$338
Property Insurance -$153
HOA -$120
Property Management Fees -$80
CASH FLOW
-$93

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.

$315,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.56%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,726

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7603$1,8004$1,8955$1,910
$1,910
RENT COMPS ANALYSIS
  • 2630 Coldstone Ln Holiday, FL 2
    • 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.88
    •  
  • 2549 Arrowpointe Dr Holiday, FL 1
    • 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 3
    • 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
    •  
  • 2515 Big Pine Dr Holiday, FL 4
    • 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
  • 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
Darla Wright
1.727.644.4551
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103878
Last Updated: 11/07/2020
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