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3494 Oak St Dunedin, FL 34698

4 Beds 3 Baths 1,951 sqft Built 1984

$425,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $217.84
  • 5 Days on Market
  • MLS # : U8103133
  • Updated Date : 11/02/2020 at 13:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,951 sqft
  • Baths : 3 full
Listing Agent

Kingfisher Cove Real Estate

Listing Agent's Description

Fall in love with this block 3 bedroom, 2 bathroom, 2 car garage home PLUS: 1 Bedroom, 1 Bathroom full size apartment! A truly rare find in the heart of Dunedin/Palm Harbor area. This home has been completely REMODELED in 2020 including a new roof, new HVAC, new hot water heaters, new kitchen with new stainless steel appliances, new lighting & ceiling fans. Flooring is all new with LVP flooring, carpet, and tile. All three bathrooms have been remodeled with new modern tile in the showers and bath floors as well as new vanities. Spacious foyer with tremendous open & contemporary floor plan with an additional bonus room. Apartment has a full kitchen and full bathroom, living room dining room area all of it also remodeled. Great income potential or use as a mother in-law suite. Also great for a home business or extended family.

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

Zip Code: 34698

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k242k

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

Zip Code: 34698

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781846

* 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
Curlew Creek Elementary School Primary Regular 664 56 5
Palm Harbor Middle School Middle Regular 1,375 75 6
Dunedin High School High Regular 1,517 76 4

Curlew Creek Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 56
5
GreatSchools Rating

Palm Harbor Middle School

  • Education Level: Middle
  • # of students: 1,375
  • # of teachers: 75
6
GreatSchools Rating

Dunedin High School

  • Education Level: High
  • # of students: 1,517
  • # of teachers: 76
4
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,568
Property Tax -$552
Property Insurance -$150
Property Management Fees -$80
CASH FLOW
-$130

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.

$425,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$23,050

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,356

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2204$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 3494 Oak St Dunedin, FL 3
    • 4 beds 3 baths ∙ 1,951 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,951 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.14
    •  
  • 1258 Bolivar Ct Dunedin, FL 1
    • 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 1979
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.23
    •  
  • 1122 Spanish Oaks Blvd Palm Harbor, FL 2
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1980
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.21
    •  
  • 2035 Castille Dr Dunedin, FL 4
    • 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 1976
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.20
    •  
  • 353 Mayfair Cir E Palm Harbor, FL 5
    • 3 beds 2 baths ∙ 2,278 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,278 Sqft ∙ Built 1986
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.19
    •  
PROPERTY LISTING DETAILS
Wade Prescott
1.727.557.4469
Kingfisher Cove Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103133
Last Updated: 11/02/2020
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