Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3240 Briar Cliff Dr Holiday, FL 34691

3 Beds 2 Baths 1,221 sqft Built 1966

$182,900

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $149.80
  • 4 Days on Market
  • MLS # : U8112513
  • Updated Date : 02/19/2021 at 19:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,221 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

HIGHEST AND BEST BY 12 NOON ON FEB22. REMODELED, 3 BEDROOM, 2 BATH, MOVE-IN-READY, NO FLOOD ZONE OPEN PLAN BEAUTY. Featuring recent KITCHEN cabinets highlighted by designer granite, Subway backsplash and soft-close doors. NEW UPGRADED STAINLESS SAMSUNG REFRIGERATOR with MATCHING RANGE, DISHWASHER and MICROWAVE complete the upgraded kitchen. The MASTER BEDROOM SUITE is separated from the main house by a completely remodeled 17 x 10 light and bright family room with all new insulated windows and door leading to the fenced back yard. THE MASTER BATHROOM is completely remodeled with new shower, new toilet, new vanity/mirror combo set off with designer tile shower and porcelain flooring. NEW French Drain system routes rear gutter outflow away from the home so it is nice and dry. The Architectural Shingle main roof was replaced in 2016 giving many more years of service. There are no carpets in this open floor plan home so allergy sufferers can feel at ease as the entire home features Luxury Waterproof Light Hickory Vinyl and tile throughout. All the windows are insulated to keep the cold in and the heat out which takes full advantage of the newer AC, 2016. All plugs and switches are new for many years of trouble free service. Fresh paint throughout completes this exciting home. This home has great curb appeal and best of all is only minutes from the Tarpon Springs Sponge Docks and myriad area restaurants and bars. And of course you are minutes from the Gulf beaches, boating, fishing, the Inter-coastal Waterway and the pristine barrier islands of Anclote Key, Three Rooker Island, Honeymoon Island, WORLD RENOWNED CALEDESI STATE PARK AND BEACH, or stay close to home at Anclote State Park. This beautiful home is centrally located whether you work in Pinellas or West Pasco counties. OR it is a perfect retirement home and central to everything the area has to offer. BE SURE TO MAKE THIS WONDERFUL HOME A PART OF YOUR SEARCH!!!

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: Beacon Square

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $43k238k

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

Neighborhood: Beacon Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5861590

* 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
 

$164,610$201,190$182,900

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$635
Property Tax -$196
Property Insurance -$112
Property Management Fees -$129
CASH FLOW
$178

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.

$182,900

PROJECTED PRICE

$1,250

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$54,219

INVESTMENT

$54,219

Down Payment
$45,725
Rehab Estimate
$5,750
Closing Costs
$2,744

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$635

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,725
Loan Amount $137,175
See What Happens When You Reinvest Cash Flow

11

YEARS SAVED

$29,565

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,247

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,2503$1,2754$1,3255$1,350
$1,350
RENT COMPS ANALYSIS
  • 3240 Briar Cliff Dr Holiday, FL 2
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 4110 Stratfield Dr New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1971
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.84
    •  
  • 3544 Kimberly Oaks Dr Holiday, FL 3
    • 3 beds 3 baths ∙ 1,258 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,258 Sqft ∙ Built 1967
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.01
    •  
  • 4241 Newbury Dr New Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1970
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.99
    •  
  • 4138 Stratfield Dr New Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1971
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.01
    •  
PROPERTY LISTING DETAILS
Sten Tallarida
1.727.542.7003
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8112513
Last Updated: 02/19/2021
BESbswy