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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $216.12
- 5 Days on Market
- MLS # : U8111473
- Updated Date : 02/03/2021 at 14:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,966 sqft
- Baths : 2 full
Listing Agent
Why Realty
Listing Agent's Description
Come on in and welcome home! Bring your wish list to check off the boxes because this is the one! This professionally landscaped home sits on over 1/3 of an acre so you have plenty of room to stretch. This 3-bedroom 2 bath with some show stopping features located in the Eastlake are of Palm Harbor is a must see! There is a 2-car garage with a workshop area inside and a golf cart parking pad outside. Walking into this cozy and peaceful home you will find open living with a vaulted ceiling that unfolds to a captivating freshly refaced wood burning fireplace. Work from home? We have it covered. There is a bonus room for all your telecommuting needs or you can invite the family in and make it a great room. A beautifully updated kitchen with Granite countertops, new backsplash, new appliances, a charming breakfast bar and an actual walk-in pantry. This split plan has a master with 2, yes 2, walk in closets! The en suite showcases the resort style DREAM master bath with dual sinks, walk in shower and extraordinary storage. To much of everything to add so we made a features sheet for this home. You can walk out to the spacious and private lanai with the solar heated saltwater pool and spa that walks out to the would-be outdoor kitchen. The outdoor kitchen was in the making. Plumbing and electric is already lined and available and cement is already laid. The hard work is already done. Just pick your features! Oh did I mention that it is NOT in a flood zone! The privately owned Tarpon Woods Golf Course is located within the community. And, its near the amazing John Chestnut Park which sits on Lake Tarpon with a boat launch area. Located with a highly rated school district and minutes to anything you desire. Truly a must see!!
SEE MORE
- 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: Tarpon Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tarpon Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$549 | |
| Property Insurance | -$151 | |
| HOA | -$3 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$7
|
||
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.
$424,900
PROJECTED PRICE
$2,300
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,349
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,225 |
| Loan Amount | $318,675 |
6.25
YEARS SAVED
$30,552
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$2,325
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
3422 Tarpon Woods Blvd Palm Harbor, FL 4
- 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $2,300
- $1.17
-
2820 Wendover Ter Palm Harbor, FL 1
- 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1973
LEASED 08/15/19- Rent
- Rent Per SQFT
- $1,975
- $1.18
-
2690 Woodhall Ter Palm Harbor, FL 2
- 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1978
LEASED 03/11/20- Rent
- Rent Per SQFT
- $2,000
- $1.05
-
2832 Weston Ter Palm Harbor, FL 3
- 3 beds 3 baths ∙ 1,827 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,827 Sqft ∙ Built 1974
LEASED 01/18/20- Rent
- Rent Per SQFT
- $2,175
- $1.19
-
2456 Appaloosa Trl Palm Harbor, FL 5
- 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1993
LEASED 05/23/20- Rent
- Rent Per SQFT
- $3,000
- $1.31
PROPERTY LISTING DETAILS
1.727.403.2963
Why Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8111473
Last Updated: 02/03/2021
