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365 Waterford Cir W Tarpon Springs, FL 34688

4 Beds 3 Baths 2,020 sqft Built 1987

$349,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $173.22
  • 5 Days on Market
  • MLS # : U8105078
  • Updated Date : 11/19/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,020 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coastal Properties Group

Listing Agent's Description

Welcome home to this beautifully updated 4 bedroom, 2.5 bath home with a large 2 car garage! Located in beautiful Tarpon Springs in the desirable Woodfield community in the East Lake corridor, it is situated on a peaceful cul de sac lot. Entering the home you will notice it has been freshly painted throughout and the spacious, open layout including a large living room, vaulted ceilings, recessed lighting. The kitchen has wood cabinets and stainless steel appliances. The kitchen opens up to the family room, and dining room with room for a large table perfect for entertaining. The downstairs also has an updated half bath and an abundance of closet space. The home also features neutral tile throughout. The upstairs has hardwood flooring, large bedrooms with walk in closets and beautiful natural light. The second bathroom is updated and serves the three guest bedrooms. The master bedroom is a generous size with a huge walk in closet and updated master bath! Gorgeous conservation views! The fully fenced backyard has a screened in lanai perfect for enjoying the fabulous Florida weather along with a paved patio. The roof is newer, AC (2017), updated kitchen appliances and bathrooms, large 2 car garage with newer garage door, updated windows and sliding doors. Zoned for A Rated schools! Don't miss this home! Schedule your showing today!

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: Woodfield

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k407k

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

Neighborhood: Woodfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052441

* 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
Brooker Creek Elementary School Primary Regular 507 35 8
Tarpon Springs Middle School Middle Regular 873 46 4
East Lake High School High Regular 2,091 103 8

Brooker Creek Elementary School

  • Education Level: Primary
  • # of students: 507
  • # of teachers: 35
8
GreatSchools Rating

Tarpon Springs Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 46
4
GreatSchools Rating

East Lake High School

  • Education Level: High
  • # of students: 2,091
  • # of teachers: 103
8
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,291
Property Tax -$436
Property Insurance -$154
HOA -$39
Property Management Fees -$80
CASH FLOW
$20

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.

$349,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.58%

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$32,874

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,939

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0203$2,300
$2,300
RENT COMPS ANALYSIS
  • 365 Waterford Cir W Tarpon Springs, FL 2
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.00
    •  
  • 5624 Essex Ct Palm Harbor, FL 1
    • 3 beds 4 baths ∙ 2,189 Sqft ∙ Built 1995 3 beds 4 baths ∙ 2,189 Sqft ∙ Built 1995
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 342 Waterford Cir E Tarpon Springs, FL 3
    • 4 beds 2 baths ∙ 2,283 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,283 Sqft ∙ Built 1987
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.01
    •  
PROPERTY LISTING DETAILS
Katie Ducharme
1.727.492.8490
Coastal Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8105078
Last Updated: 11/19/2020
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