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3469 Rolling Trl Palm Harbor, FL 34684

4 Beds 3 Baths 2,192 sqft Built 1986

$439,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $200.27
  • 2 Days on Market
  • MLS # : U8115469
  • Updated Date : 03/07/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,192 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hendry Realty

Listing Agent's Description

JUST LISTED! Coveted Village of Woodland Hills neighborhood in great Palm Harbor area! Beautiful 4 BR 2.5 bath family home with nearly 2,200 heated square feet. Curb appeal abounds with lovely exterior architectural detail, pretty landscaping, and shady oak trees. Enter into the spacious foyer flanked by the large dining room and the inviting living room complete with wood burning brick fireplace ready for family gatherings, vaulted ceiling and hand scraped wood floors. Just ahead is the family room, again with beautiful wood floors, soaring ceiling with skylights and french doors leading to relaxing screened patio. Delightful bright kitchen with updated cabinets, granite counters, brand new top of the line refrigerator and cheery breakfast nook. Large inside laundry room leads to 2 car garage. First floor primary bedroom features a large spa like ensuite with hydro massage tub, spacious shower and natural light from the vaulted ceiling skylights. Additional 3 bedrooms and loft study nook on 2nd level. Roof was replaced in 2018, 2 central heat and air systems nearly new (2019). New carpeting in bedroom areas as well as refreshed landscaping. Wonderful neighborhood with a community pool, tennis courts and playground. Convenient north county location allowing easy access to the beaches, Lake Tarpon, TIA, and the quaint downtown areas of Palm Harbor, Dunedin and Safety Harbor. Call today to arrange your personal viewing!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Village of Woodland Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Village of Woodland Hills

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
Highland Lakes Elementary School Primary Regular 575 41 8
Joseph L. Carwise Middle School Middle Regular 1,067 60 7
East Lake High School High Regular 2,091 103 8

Highland Lakes Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 41
8
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
 

$395,100$482,900$439,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,525
Property Tax -$553
Property Insurance -$164
HOA -$40
Property Management Fees -$129
CASH FLOW
-$141

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.

$439,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.52%

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-$5.0k$0.0$5.0k$10k$15k

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$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,525

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$19,590

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,258

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$2,0003$2,0504$2,2705$2,600
$2,600
RENT COMPS ANALYSIS
  • 3469 Rolling Trl Palm Harbor, FL 4
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.04
    •  
  • 3936 Tarpon Pointe Cir Palm Harbor, FL 1
    • 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 1988
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 1719 Arabian Ln Palm Harbor, FL 2
    • 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1993
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.07
    •  
  • 4750 Orange Grove Way Palm Harbor, FL 3
    • 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 1985
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.11
    •  
  • 4100 Boyd Ln Palm Harbor, FL 5
    • 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,403 Sqft ∙ Built 1994
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.08
    •  
PROPERTY LISTING DETAILS
Bob Hendry, Jr
1.727.384.1001
Hendry Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8115469
Last Updated: 03/07/2021
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