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2914 Windridge Oaks Dr 
Palm Harbor, FL
34684
3 Beds 2 Baths 1,837 sqft
Built 1990
INVESTimate
$395,000
List Price
$110,425
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PROPERTY INFO
FACTS
- Built In 1990
- Price/Sqft : $215.02
- 3 Days on Market
- MLS # : U8095301
- Updated Date : 08/25/2020 at 17:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,837 sqft
- Baths : 2 full
Listing Agent
Re/max Realtec Group Inc
Listing Agent's Description
A Beautiful Place to call HOME in this 3 Bedroom + OFFICE, 2 Bath, 2 Car Garage POOL HOME Nestled on a Fenced Lot in Desirable Palm Harbor University School District. The Premier Community of the Groves of Cobb's Landing is the Perfect Location with Convenient Shopping, Schools, Beaches, Gulf Courses & Parks. Great Location! This Split Floor Plan Home offers 1,837 sq ft of space that is sure to impress. Pavered front walkway leads to double door entry of the home. Office/Den with Laminate Flooring and French Doors off Foyer upon entrance. Open Concept with Vaulted Ceilings in the Family Room. Generous Room Sizes throughout. No Carpet! Neutral Tile Flooring in all wet areas and a true Hardwood Flooring in Family Room, and most bedrooms. The Updated Kitchen features Granite Countertops, Pantry, Breakfast Bar & Breakfast Nook + Brand New Stainless Steel Appliances (August 2020). Master Suite with Large Walk-in Closet and sliders that overlook the pool. Master Bath with Dual Sinks and Step-in Shower. 2 Additional Bedrooms on the other side of the home are private from the Master. These 2 bedrooms share an Adjacent Bath with Step-in Shower/Tub. Are you looking for the PERFECT backyard space to entertain? Sliders off back of home lead to a Screened Lanai area with Large Pool along with a Rubberized Kid Friendly Pool Deck and a Large Fenced Backyard. Plenty of room to throw the ball or let your furry friends run free. Roof 2012, TRANE AC 2011, Pool Deck 2012. Super Location close to Shopping, Restaurants, Top Rated Schools, Beaches, County Parks and Golf Courses. E-z commute to Tampa International Airport or St. Pete. This one won't last long! Book a private showing today! Chandelier above Dining Room, Chandelier above Enterance, Curtains/Drapes on Family Room Slider, and Curtains/Drapes in Front Office DO NOT CONVEY.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Cobb's Landing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cobb's Landing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,457 |
| Property Tax | -$498 | |
| Property Insurance | -$143 | |
| HOA | -$34 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$212
|
||
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.
$395,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.28% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$110,425
LOAN DETAILS
$1,457
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
3.5
YEARS SAVED
$14,486
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$2,012
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
2914 Windridge Oaks Dr Palm Harbor, 3
- 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $2,000
- $1.09
-
2934 Sumner Way Palm Harbor, 1
- 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1989
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,875
- $0.99
-
3118 Sean Way Palm Harbor, 2
- 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1991
LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,995
- $1.05
-
3110 S Canal Dr Palm Harbor, 4
- 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1994
LEASED 07/08/20- Rent
- Rent Per SQFT
- $2,100
- $1.11
-
2670 Grove Park Rd Palm Harbor, 5
- 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1979
LEASED 06/12/20- Rent
- Rent Per SQFT
- $2,150
- $1.23
PROPERTY LISTING DETAILS
1.727.485.9981
Re/max Realtec Group Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8095301
Last Updated: 08/25/2020
