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36 Wood Amber Lane Lot 19 Palm Coast, FL 32164

4 Beds 4 Baths 1,954 sqft Built 2021 2 Units

$329,900

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
2 Units MULTIFAMILY
November 20, 2020 RECENTLY ADDED
FACTS
  • 2-Flat Type Property
  • Built In 2021
  • Price/Sqft : $168.83
  • 3 Days on Market
  • MLS # : No MLS Number
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,954 sqft
  • Baths : 4 full
Listing Agent

Tobin

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Pine Lakes

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280k300kPrice in $49k309k

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

Neighborhood: Pine Lakes

NeighborhoodNIR Market*CityMarket2015Year20092019 Q21100115012001250130013501400145015001550Rent in $10721589

* 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
Rymfire Elementary School Primary Regular 1,175 80 5
Rymfire Elementary School Middle Regular 1,175 80 5
Flagler-palm Coast High School High Regular 2,421 110 5

Rymfire Elementary School

  • Education Level: Primary
  • # of students: 1,175
  • # of teachers: 80
5
GreatSchools Rating

Rymfire Elementary School

  • Education Level: Middle
  • # of students: 1,175
  • # of teachers: 80
5
GreatSchools Rating

Flagler-palm Coast High School

  • Education Level: High
  • # of students: 2,421
  • # of teachers: 110
5
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,217
Property Tax -$440
Property Insurance -$65
HOA -$50
Property Management Fees -$160
CASH FLOW
$758

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 6% of earned rent to cover both maintenance and periods of vacancy.

$329,900

PROJECTED PRICE

$2,690

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.71%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 3.00%
Vacancy 3.48%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$89,424

INVESTMENT

$89,424

Down Payment
$82,475
Rehab Estimate
$2,000
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

16

YEARS SAVED

$104,059

INTEREST SAVED

CASH FLOW REINVESTMENT

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

Solutions Manager

YOUR SOLUTIONS MANAGER

Please Contact Your Solutions Manager

To review the detailed price and rent comps for this property and answer any questions you may have.

PROPERTY LISTING DETAILS
Mynd
Tobin
BESbswy