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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $195.81
- 3 Days on Market
- MLS # : U8113888
- Updated Date : 02/20/2021 at 20:52
CONSTRUCTION
- Beds : 4
- Floor Size : 2,553 sqft
- Baths : 3 full
Listing Agent
Re/max Realtec Group Inc
Listing Agent's Description
MULTIPLE OFFERS! HIGHEST AND BEST DUE BY 2 PM 2/21. Spectacular 4 bdrm, 3 bath, 3 car Garage, POOL/SPA home located in the desirable "HIGHGATE" subdivision within the Lansbrook community! You will love the views of the outdoors from the moment you enter this home as there are no rear neighbors! The Formal living and Dining rooms are quite large and will accommodate most furniture especially that large Dining room set you have for all the family to sit at. The open and spacious kitchen affords an abundance of storage and working space, , a breakfast bar adjacent to the family room with a wood burning fireplace, and a large dinette area all overlooking the pool/spa area! The oversized master suite includes walk in closets, and the master bath offers double sinks, plenty of counter space, garden tub and a separate shower! The home offers a 3 way split plan. Additional highlights of this home include, crown molding, NEW ROOF 2019, NEW A/C 2019, and the pool with newer pebble tech finish in 2020! The 4th bedroom & bath are located in the rear of the home and are perfect for the in-laws or guests. Located within the Lansbrook Community within the East Lake Corridor, this community is a waterfront community that sits on the shores of Lake Tarpon! You will love boating on Lake Tarpon as the community offers a private Boat Launch with Day Docks. There are walking or Bike trails through out the community, Soccer Fields, Playgrounds and a Basketball court! You will also enjoy the close proximity of the North Pinellas YMCA and the "A" rated schools! ! Enjoy the peace and serenity this gorgeous home has to offer and start living your Florida Lifestyle here!
SEE MORE
- 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
Zip Code: 34685
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34685
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,730 |
| EXPENSES | Loan Payment | -$1,736 |
| Property Tax | -$646 | |
| Property Insurance | -$185 | |
| HOA | -$130 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$96
|
||
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.
$499,900
PROJECTED PRICE
$2,730
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,224
LOAN DETAILS
$1,736
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
5.17
YEARS SAVED
$26,551
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,730
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$2,923
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
3857 Siena Ln Palm Harbor, FL 1
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3833 Siena Ln Palm Harbor, FL 2
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LEASED 04/25/20- Rent
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- $2,800
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4700 Ilex Ct Palm Harbor, FL 3
- 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1994
LEASED 09/20/20- Rent
- Rent Per SQFT
- $2,800
- $1.10
-
4740 Highgate Blvd Palm Harbor, FL 4
- 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1997
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,900
- $1.08
-
4987 Kernwood Ct Palm Harbor, FL 5
- 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 1997
LEASED 05/02/20- Rent
- Rent Per SQFT
- $3,500
- $1.23
PROPERTY LISTING DETAILS
1.727.480.2811
Re/max Realtec Group Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8113888
Last Updated: 02/20/2021
