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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Village of Woodland Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
$92,935
LOAN DETAILS
$1,214
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,250 |
| Loan Amount | $246,750 |
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
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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
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- $1,980
- $1.16
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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
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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
1.757.570.2060
Re/max Advantage Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3277794
Last Updated: 12/05/2020
