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37721 Granada Ave Dade City, FL 33525

3 Beds 1 Baths 1,040 sqft Built 1981

$165,000

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $158.65
  • 4 Days on Market
  • MLS # : T3277978
  • Updated Date : 11/27/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,040 sqft
  • Baths : 1 full
Listing Agent

Florida Heritage Re Group Llc

Listing Agent's Description

Check out this lovely 3 bedroom home in Downtown Dade City near the Hardy Trail! This home features a large lot, a screened in patio, and plenty of shade trees making this the ultimate spot for all of your gatherings. Move right in and enjoy the remodeled bathroom, new flooring, and new windows making the home more energy efficient. The location of this home makes it easy to enjoy the all the local shops and restaurants Downtown Dade City has to offer.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: West View Lawn

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: West View Lawn

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6411590

* 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
Pasco Elementary School Primary Regular 678 52 3
Pasco Middle School Middle Regular 916 67 3
Pasco High School High Regular 1,595 93 4

Pasco Elementary School

  • Education Level: Primary
  • # of students: 678
  • # of teachers: 52
3
GreatSchools Rating

Pasco Middle School

  • Education Level: Middle
  • # of students: 916
  • # of teachers: 67
3
GreatSchools Rating

Pasco High School

  • Education Level: High
  • # of students: 1,595
  • # of teachers: 93
4
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$609
Property Tax -$280
Property Insurance -$97
Property Management Fees -$80
CASH FLOW
$35

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.

$165,000

PROJECTED PRICE

$1,100

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$609

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$15,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,071

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,295
$1,295
RENT COMPS ANALYSIS
  • 37721 Granada Ave Dade City, FL 1
    • 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1981 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.06
    •  
  • 14751 State St Dade City, FL 2
    • 4 beds 2 baths ∙ 1,252 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,252 Sqft ∙ Built 1979
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.03
    •  
PROPERTY LISTING DETAILS
Sherman Milton
1.786.247.1488
Florida Heritage Re Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277978
Last Updated: 11/27/2020
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