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3614 Holiday Lakes Dr Holiday, FL 34691

3 Beds 2 Baths 1,047 sqft Built 1969

$152,000

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $145.18
  • 2 Days on Market
  • MLS # : T3288771
  • Updated Date : 02/06/2021 at 22:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,047 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

Finally a house that you can call home and not call the remodeling company. The owners did the work for you. $20,000 in window upgrades (most windows were replaced) water heater replaced 4 years ago, appliances in 2018 include range, refrigerator, microwave, washer and dryer. A/C system and thermostat replaced 2018, Bathroom room remodeled in 2020 including plumbing fixtures, tile, tub and vanity. Roof Approximately 6 years old and garage door 2017 and new electrical service and panel. The chef of the house will love the large kitchen. The third bedroom has a new slider out to the spacious back yard that is perfect for grilling, family entertainment and plenty of room for pets.

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: Holiday Lake Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $44k238k

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

Neighborhood: Holiday Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5971590

* 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
Gulfside Elementary School Primary Regular 514 47 3
Paul R. Smith Middle School Middle Regular 1,030 69 3
Anclote High School High Regular 1,381 78 4

Gulfside Elementary School

  • Education Level: Primary
  • # of students: 514
  • # of teachers: 47
3
GreatSchools Rating

Paul R. Smith Middle School

  • Education Level: Middle
  • # of students: 1,030
  • # of teachers: 69
3
GreatSchools Rating

Anclote High School

  • Education Level: High
  • # of students: 1,381
  • # of teachers: 78
4
GreatSchools Rating
 

$136,800$167,200$152,000

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$528
Property Tax -$169
Property Insurance -$97
Property Management Fees -$129
CASH FLOW
$167

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.

$152,000

PROJECTED PRICE

$1,090

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 13.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,030

INVESTMENT

$46,030

Down Payment
$38,000
Rehab Estimate
$5,750
Closing Costs
$2,280

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $38,000
Loan Amount $114,000
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$26,169

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,076

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,090
1$1,0902$1,1003$1,1854$1,1955$1,245
$1,245
RENT COMPS ANALYSIS
  • 3614 Holiday Lakes Dr Holiday, FL 1
    • 3 beds 2 baths ∙ 1,047 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,047 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $1.04
    •  
  • 1313 Maybury Dr Holiday, FL 2
    • 3 beds 2 baths ∙ 1,166 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,166 Sqft ∙ Built 1972
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.94
    •  
  • 3453 Wilson Dr Holiday, FL 3
    • 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1978
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,185
    • $0.97
    •  
  • 4601 Phoenix Ave Holiday, FL 4
    • 3 beds 1 baths ∙ 1,104 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,104 Sqft ∙ Built 1963
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.08
    •  
  • 3123 Kilburn Rd Holiday, FL 5
    • 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1971
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $1.12
    •  
PROPERTY LISTING DETAILS
John Schmidt Pa
1.813.335.3882
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288771
Last Updated: 02/06/2021
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