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3504 Greenglen Cir Palm Harbor, FL 34684

3 Beds 3 Baths 1,711 sqft Built 1987

$329,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $192.29
  • 4 Days on Market
  • MLS # : T3277794
  • Updated Date : 12/05/2020 at 20:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,711 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Advantage Realty

Listing Agent's Description

You feel welcomed by this charming home as soon you step into the front door. As you glance across the family room, you notice the FRESHLY PAINTED walls and PLANTATION SHUTTERS on the windows. Entertaining friends and family will be easy in your dining room that opens via FRENCH DOORS to the oversized FLORIDA ROOM. Imagine sipping on your morning coffee as you watch the birds fly around the backyard. You could spend a quiet evening alone in your backyard that backs up to a CONSERVATION or on the wrap around front porch socializing with the neighbors. The warmth of the home continues upstairs to the owner's bedroom with en suite, featuring double sinks and a walk-in closet. Each room has NEW FANS AND/OR LIGHTING FIXTURES that was personally selected by the Seller. New front landscaping, new plantation shutters, new in-ground termite trap baits (10 baits), new gutters installed, new washer and dryer, freshly painted inside (except master bedroom), new fans and lighting, new kitchen fixtures, and new privacy fence. LOW HOA of $252 semi-annually includes community SWIMMING POOL, PLAYGROUND, TENNIS COURTS, and much more.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,214
Property Tax -$428
Property Insurance -$136
HOA -$42
Property Management Fees -$129
CASH FLOW
$31

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.

$329,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.60%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$32,842

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,989

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,980
1$1,9802$2,0003$2,0504$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 3504 Greenglen Cir Palm Harbor, FL 1
    • 3 beds 3 baths ∙ 1,711 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,711 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.16
    •  
  • 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
    •  
  • 3926 Blooming Hill Ln Palm Harbor, FL 4
    • 4 beds 3 baths ∙ 1,690 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,690 Sqft ∙ Built 1979
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.24
    •  
  • 3545 Rolling Trl Palm Harbor, FL 5
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1987
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.23
    •  
PROPERTY LISTING DETAILS
Daphne Thomas
1.757.570.2060
Re/max Advantage Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277794
Last Updated: 12/05/2020
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