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2706 Onizuka Ct Palm Harbor, FL 34683

4 Beds 3 Baths 2,431 sqft Built 1993

$453,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $186.34
  • 4 Days on Market
  • MLS # : U8109121
  • Updated Date : 01/09/2021 at 10:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,431 sqft
  • Baths : 3 full
Listing Agent

Century 21 Coastal Alliance

Listing Agent's Description

Spectacular pool home in Waterford Crossing. Tucked away on a private cul-de-sac in the beautiful neighborhood! 4/3/3 pool home with spillover spa is the perfect family home! Roof was replaced in 2015. Stunning curb appeal with lush landscaping! Glass door entry leads you into an immaculately kept home! Open floor plan with large formal living room and dining room! Spacious master suite has a large walk-in closet, private bathroom, and sitting area! Master bathroom with his/her sinks, garden tub, and glass shower! The heart of the home is the pristine kitchen with stainless steel appliances, breakfast bar, and dinette area! Cozy family room with sliders out to the pool! Large screened pool brick paver decking and a spillover spa is great for pool parties and outdoor relaxation! Plenty of yard beyond the pool for pets and play! Almost 1/4 acre pie-shaped lot! Pool bath connects back to the house and doubles as 2nd bedroom suite with the back bedroom! 2 other guest bedrooms share the 3rd full bathroom! Inside laundry room with top of the line washer/dryer and built-in cabinets! Last but not least.... 300+ sf of pure fun and entertainment complete with regulation pool table and full bar! Waterford Crossing is located approximately 2 miles to the Dunedin Causeway beach, Honeymoon Island State Park and the Pinellas Trail! This community also boasts a beautiful park & playground.

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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

Neighborhood: Waterford Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $85k464k

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

Neighborhood: Waterford Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $8782883

* 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
San Jose Elementary School Primary Regular 455 39 4
Palm Harbor Middle School Middle Regular 1,375 75 6
Dunedin High School High Regular 1,517 76 4

San Jose Elementary School

  • Education Level: Primary
  • # of students: 455
  • # of teachers: 39
4
GreatSchools Rating

Palm Harbor Middle School

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

Dunedin High School

  • Education Level: High
  • # of students: 1,517
  • # of teachers: 76
4
GreatSchools Rating
 

$407,700$498,300$453,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,573
Property Tax -$500
Property Insurance -$178
HOA -$74
Property Management Fees -$129
CASH FLOW
$246

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.

$453,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,795

INVESTMENT

$125,795

Down Payment
$113,250
Rehab Estimate
$5,750
Closing Costs
$6,795

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,573

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,250
Loan Amount $339,750
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$57,010

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,674

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,425
1$2,4252$2,5003$2,7004$2,8505$3,200
$3,200
RENT COMPS ANALYSIS
  • 2706 Onizuka Ct Palm Harbor, FL 3
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.11
    •  
  • 1650 Cinnamon Ln Dunedin, FL 1
    • 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1979
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.03
    •  
  • 2515 Marquis Dr Dunedin, FL 2
    • 3 beds 2 baths ∙ 2,549 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,549 Sqft ∙ Built 1980
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 1749 Painted Bunting Cir Palm Harbor, FL 4
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 1994
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.03
    •  
  • 2763 Jarvis Cir Palm Harbor, FL 5
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1992
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.36
    •  
PROPERTY LISTING DETAILS
Qi Mai Mai
1.727.688.1283
Century 21 Coastal Alliance
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109121
Last Updated: 01/09/2021
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