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3992 Jenita Dr Palm Harbor, FL 34685

4 Beds 2 Baths 2,086 sqft Built 1992

$449,900

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $215.68
  • 3 Days on Market
  • MLS # : U8116474
  • Updated Date : 03/19/2021 at 16:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,086 sqft
  • Baths : 2 full
Listing Agent

Re/max Realtec Group Inc

Listing Agent's Description

Pride of Ownership in this 4 Bedroom, 2 Bath, 2 Car Garage Home located in the highly desirable neighborhood of Eagle Cove in Palm Harbor. Excellent curb appeal from the moment you pull up to this fantastic property with a newly painted exterior. Double Door Entry into Foyer with Rich Wood Flooring in Dining Room and throughout main living space of the home. Separate Formal Living Room off the front of the home with lots of natural light. The open-concept layout of this home is great for entertaining! Soaring Ceilings & Planter Shelving throughout with tons of natural light! Spacious Open Family Room with Rich Wood Flooring and Sliders to Covered Patio and fenced in backyard. Updated Kitchen Features Maplewood Cabinets, Quartz overlay countertops, Stainless Steel Appliances, French Style Refrigerator, Decorative Tile Back Splash, Glass Top Range, Butler's Pantry/Coffee Bar, Breakfast Bar with Pendant Lighting & Breakfast Nook with Bay Window. Large Master Suite with Slider access to Patio, and Large Walk-In Closet. Updated Master Bath with Dual Sinks, Step-In Shower, Garden Tub & Updated Kohler Fixtures. Newer Windows installed in Master Bed/Bathroom. Guest bathroom with Single Vanity sink, tile countertop, and tub/shower combo. Huge Fully Fenced in backyard offers great privacy and plenty of room for pets or to play (vinyl fence). Inside Utility. Smart Home System with Nest Thermostat, Smoke Alarms, Ring Doorbell, Smart Lock system on front door, and Controllable Lights and Switches with Z-Wave technology. Solar Panel System installed 2019 provides large savings on Electric. Great Location - close to Shopping, Top Rated Schools, Restaurants, Beaches and Pinellas Trail. Roof 2015. Hybrid HWH 2018. A/C 2016. Drapes in Kid's Bedrooms do not convey.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Eagle Cove

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k431k

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

Neighborhood: Eagle Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052468

* 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
Cypress Woods Elementary School Primary Regular 754 49 10
Joseph L. Carwise Middle School Middle Regular 1,067 60 7
East Lake High School High Regular 2,091 103 8

Cypress Woods Elementary School

  • Education Level: Primary
  • # of students: 754
  • # of teachers: 49
10
GreatSchools Rating

Joseph L. Carwise Middle School

  • Education Level: Middle
  • # of students: 1,067
  • # of teachers: 60
7
GreatSchools Rating

East Lake High School

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

$404,910$494,890$449,900

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,563
Property Tax -$582
Property Insurance -$158
HOA -$41
Property Management Fees -$129
CASH FLOW
-$112

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.

$449,900

PROJECTED PRICE

$2,360

PROJECTED RENT

0.52%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$22,682

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,336

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,3604$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 3992 Jenita Dr Palm Harbor, FL 3
    • 4 beds 2 baths ∙ 2,086 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,086 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.13
    •  
  • 3686 Fairway Forest Cir Palm Harbor, FL 1
    • 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,084 Sqft ∙ Built 1980
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.01
    •  
  • 3672 Fairway Forest Cir Palm Harbor, FL 2
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1980
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.16
    •  
  • 4515 Serenity Trl Palm Harbor, FL 4
    • 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2002
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.99
    •  
  • 4351 Water Oak Way Palm Harbor, FL 5
    • 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 1997
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.32
    •  
PROPERTY LISTING DETAILS
Cindy Fazzini
1.727.485.9981
Re/max Realtec Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8116474
Last Updated: 03/19/2021
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