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3682 Patrick Ct 
Palm Harbor, FL
34684
3 Beds 1 Baths 1,069 sqft
Built 1984
INVESTimate
$189,000
List Price
$55,835
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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $176.80
- 1 Days on Market
- MLS # : U8095736
- Updated Date : 08/26/2020 at 03:34
CONSTRUCTION
- Beds : 3
- Floor Size : 1,069 sqft
- Baths : 1 full
Listing Agent
Xcellence Realty, Inc
Listing Agent's Description
Single family attached home located in very desirable Palm Harbor school zone! This home features 3 bedrooms and 1 bath with a HUGE backyard. Plenty of room for entertaining, gardening, a run around for the dogs, perfect play area for kids or inviting friends and family for a cookout. This home has been beautifully remodeled with a quality kitchen that includes rich wood cabinets, granite counter tops and black appliances. Plus high vaulted ceilings give this home a spacious and open feel. The garage has been converted, adding the 3rd bedroom but could be converted back. Location is close and convenient to everything including beaches, shopping, restaurants, golf and more. So hurry - don’t delay, whether for year round living, a perfect vacation retreat or 2nd home or an income producing investment, you’ll want to make this quaint Palm Harbor home - yours today!
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Lake St. George
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake St. George
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$697 |
| Property Tax | -$238 | |
| Property Insurance | -$98 | |
| HOA | -$7 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$290
|
||
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.
$189,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.28% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$55,835
LOAN DETAILS
$697
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $47,250 |
| Loan Amount | $141,750 |
13.58
YEARS SAVED
$48,086
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,410
LIST RENT -
$1.32
LIST RENT PER SQFT
-
$1,566
COMP ESTIMATED VALUE -
$1.47
COMP AVG. RENT PER SQFT
Comps Range
-
3682 Patrick Ct Palm Harbor, 2
- 3 beds 1 baths ∙ 1,069 Sqft ∙ Built 1984 3 beds 1 baths ∙ 1,069 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,410
- $1.32
-
3646 Bridle Ct Palm Harbor, 1
- 3 beds 2 baths ∙ 1,072 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,072 Sqft ∙ Built 1985
![property image]()
LEASED 09/05/19- Rent
- Rent Per SQFT
- $1,345
- $1.25
-
3625 Margery Ct Palm Harbor, 3
- 3 beds 2 baths ∙ 1,055 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,055 Sqft ∙ Built 1985
![property image]()
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,550
- $1.47
-
2686 Peterborough Ct Palm Harbor, 4
- 3 beds 2 baths ∙ 1,055 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,055 Sqft ∙ Built 1985
![property image]()
LEASED 01/14/20- Rent
- Rent Per SQFT
- $1,620
- $1.54
-
2657 Finch Ct Palm Harbor, 5
- 3 beds 2 baths ∙ 1,060 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,060 Sqft ∙ Built 1984
![property image]()
LEASED 03/03/20- Rent
- Rent Per SQFT
- $1,700
- $1.60
PROPERTY LISTING DETAILS
1.727.492.0981
Xcellence Realty, Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8095736
Last Updated: 08/26/2020
