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

3422 Tarpon Woods Blvd Palm Harbor, FL 34685

3 Beds 2 Baths 1,966 sqft Built 1984

$424,900

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
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

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: Tarpon Woods

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Tarpon Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052512

* 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
Joseph L. Carwise Middle School Middle Regular 1,067 60 7
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

Joseph L. Carwise Middle School

  • Education Level: Middle
  • # of students: 1,067
  • # of teachers: 60
7
GreatSchools Rating

East Lake High School

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

$382,410$467,390$424,900

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

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

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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

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
$1,975
1$1,9752$2,0003$2,1754$2,3005$3,000
$3,000
RENT COMPS ANALYSIS
  • 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
Vicky Krentz
1.727.403.2963
Why Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8111473
Last Updated: 02/03/2021
BESbswy