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

3525 Greenglen Cir Palm Harbor, FL 34684

3 Beds 3 Baths 1,511 sqft Built 1985

$339,999

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $225.02
  • 2 Days on Market
  • MLS # : U8108291
  • Updated Date : 12/27/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,511 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Hurry and schedule a showing of this beautiful home located is highly the highly sought out subdivision of Woodland Hills in Palm Harbor. This gem of of home sits on a lovely, quiet tree lined streets. This three bedroom home offers so very much in a ideal setting. You will feel right at home as soon as you approach the property and will fall in love as soon as you enter the front door. Lots of open space. The master suite in on the first floor, lots of closets and the master bathroom is quite spacious. The kitchen is open to the family room, including newer appliances and tons of cabinets. Lots of natural lighting with access to your private, fenced in yard. Upstairs offers a a additional two bedrooms, a full bathroom and a nice loft area. Woodland Hills is a beautiful community with its very own community pool, tennis courts and playground. The location of this home does not get much better and the location is close to all the area offers, including our famous beaches. Easy access to everything including airports. Schedule a showing today and get ready to make this your new home!

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: 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
 

$305,999$373,999$339,999

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,254
Property Tax -$428
Property Insurance -$124
HOA -$42
Property Management Fees -$129
CASH FLOW
-$98

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.

$339,999

PROJECTED PRICE

$1,880

PROJECTED RENT

0.55%

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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $254,999
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$20,738

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,889

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,8804$1,9505$2,100
$2,100
RENT COMPS ANALYSIS
  • 3525 Greenglen Cir Palm Harbor, FL 3
    • 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.24
    •  
  • 3892 Nighthawk Dr Palm Harbor, FL 1
    • 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 1982
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.22
    •  
  • 2836 Paddock Dr Palm Harbor, FL 2
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1981
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.26
    •  
  • 2824 Rustic Oaks Dr Palm Harbor, FL 4
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1980
    LEASED 12/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.28
    •  
  • 3926 Blooming Hill Ln Palm Harbor, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Carol Conologue
1.727.460.8551
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108291
Last Updated: 12/27/2020
BESbswy