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2813 Woodhall Ter Palm Harbor, FL 34685

4 Beds 2 Baths 1,604 sqft Built 1974

$319,900

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $199.44
  • 2 Days on Market
  • MLS # : U8106649
  • Updated Date : 12/06/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,604 sqft
  • Baths : 2 full
Listing Agent

Florida West Coast Homes, Llc

Listing Agent's Description

Newly renovated 4 bedroom 2 bath 2 car garage located in the desirable Windmill Point subdivision. Ready to move into this beautiful home and enjoy a safe and friendly neighborhood. New electrical system, including new electrical panel, lights and plugs, new tiled floors and doors, all new appliances, new AC unit, new sliding doors, irrigation system updated with new pump, new timer and controller and uses well water, 40 year roof (2004), new plumbing including new hot water heater, new faucets, new sinks and fixtures, bathrooms have been totally renovated, new vanities and tile, new screens for doors and patio, house has been entirely painted inside and out, larger driveway, larger lot size (.265 acres), screen room, french drains and screened garage. Ready to make your own. This home is conveniently located close to parks, restaurants, shopping, "A-rated" schools, golf, beaches and so much more.This will not last long!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Windmill Pointe of Tarpon Lake

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k360k

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

Neighborhood: Windmill Pointe of Tarpon Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052044

* 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
Cypress Woods Elementary School Primary Regular 754 49 10
Tarpon Springs Middle School Middle Regular 873 46 4
East Lake High School High Regular 2,091 103 8

Cypress Woods Elementary School

  • Education Level: Primary
  • # of students: 754
  • # of teachers: 49
10
GreatSchools Rating

Tarpon Springs Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 46
4
GreatSchools Rating

East Lake High School

  • Education Level: High
  • # of students: 2,091
  • # of teachers: 103
8
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,180
Property Tax -$413
Property Insurance -$130
HOA -$19
Property Management Fees -$129
CASH FLOW
-$11

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.

$319,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.58%

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$27,640

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,909

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,860
1$1,8602$1,9753$1,9754$2,1755$2,200
$2,200
RENT COMPS ANALYSIS
  • 2813 Woodhall Ter Palm Harbor, FL 1
    • 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.16
    •  
  • 2820 Wendover Ter Palm Harbor, FL 2
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1973
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.18
    •  
  • 2825 Wendover Ter Palm Harbor, FL 3
    • 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 1974
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.23
    •  
  • 2832 Weston Ter Palm Harbor, FL 4
    • 3 beds 3 baths ∙ 1,827 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,827 Sqft ∙ Built 1974
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.19
    •  
  • 3672 Fairway Forest Cir Palm Harbor, FL 5
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1980
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.16
    •  
PROPERTY LISTING DETAILS
Carol Gravelin
1.727.787.1773
Florida West Coast Homes, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8106649
Last Updated: 12/06/2020
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