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360 Fernshire Ct Palm Harbor, FL 34683

3 Beds 2 Baths 2,687 sqft Built 1984

$415,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $154.45
  • 6 Days on Market
  • MLS # : T3273483
  • Updated Date : 11/01/2020 at 11:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,687 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

LOCATION LOCATION LOCATION!!! Welcome home to this move in ready 3 Bedroom, 2 Bath split floor plan home in the heart of Palm Harbor Florida! The cul-de-sac lot features amazing curb appeal on a high and dry lot. As you enter the home you will find a spacious entryway leading to a vaulted ceiling living room with sliding glass doors that open to the screened in Lanai and has its own wood burning fireplace for those cozy winter nights. The Grand Master Suite (13'6 x 36) has a recently renovated ensuite bathroom that boasts a jetted tub, walk in shower, granite counter top, dual sinks and lots of storage. The Walk in Closet has beautiful built ins for an organized space and French Doors that lead out into a private area ready for you to create your very own oasis. This Master Bedroom has Sliding Doors leading to the Lanai and with its spacious layout, you could easily make this into your perfect home office. Guest Room 1 has an extra deep wall to wall closet and Guest Room 2 has a deep walk in closet and Sliding doors leading to Lanai. Both guest rooms are located on the other side of the house just off of the family room. Hall Bathroom has a door leading to the Lanai. The Galley Kitchen with Granite Counters has loads of counter and cabinet space and features an Eat In Breakfast Nook with French Doors leading into the Lanai. Formal Dining Area just off the Kitchen. Outside you will find plenty of patio space for entertaining all in a screened enclosure. The Backyard Oasis could easily be fenced in to create a private haven. Located in the Palm Harbor University School District. Only minutes away from beaches, bike trails, golf courses and shopping. Close to Major Airports and the Arts and Culture that Tampa Bay has to offer. 2 AC Units. Newer Window and Roof with lots of life left. 50 year warranty on roof. Contact us today for a private tour. It will not last long!

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: Wexford Leas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k373k

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

Neighborhood: Wexford Leas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052197

* 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
Ozona Elementary School Primary Regular 726 51 6
Palm Harbor Middle School Middle Regular 1,375 75 6
Palm Harbor University High School High Magnet 2,522 113 9

Ozona Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 51
6
GreatSchools Rating

Palm Harbor Middle School

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

Palm Harbor University High School

  • Education Level: High
  • # of students: 2,522
  • # of teachers: 113
9
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$1,531
Property Tax -$543
Property Insurance -$193
HOA -$13
Property Management Fees -$80
CASH FLOW
$480

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.

$415,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.68%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

12.25

YEARS SAVED

$91,930

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $3,030

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,840
1$2,8402$2,8503$2,8954$3,1005$3,500
$3,500
RENT COMPS ANALYSIS
  • 360 Fernshire Ct Palm Harbor, FL 1
    • 3 beds 2 baths ∙ 2,687 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,687 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.06
    •  
  • 1749 Painted Bunting Cir Palm Harbor, FL 2
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 1994
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.03
    •  
  • 857 Belted Kingfisher Dr S Palm Harbor, FL 3
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1989
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.18
    •  
  • 565 High Pines Ct Palm Harbor, FL 4
    • 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 1995
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.14
    •  
  • 2733 Mcnair Dr Palm Harbor, FL 5
    • 4 beds 4 baths ∙ 3,010 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,010 Sqft ∙ Built 1999
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.16
    •  
PROPERTY LISTING DETAILS
Karen Marie Carli
1.727.439.9030
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273483
Last Updated: 11/01/2020
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