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404 David Ct Palm Harbor, FL 34684

3 Beds 2 Baths 1,386 sqft Built 1973

$275,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $198.41
  • 3 Days on Market
  • MLS # : U8114655
  • Updated Date : 02/27/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,386 sqft
  • Baths : 2 full
Listing Agent

Realty Visions

Listing Agent's Description

Hurry to see this one before it is gone! Great convenient Palm Harbor location. Three bedroom, two full baths with one car garage. Spacious eat in kitchen with tile floors, stainless appliances and pantry. Formal dining overlooks large family room with both having beautiful architectural woodwork. Split bedroom floorplan. Awesome L-shaped screened patio with brick pavers overlooking white vinyl fenced yard. No carpeting, nice laminate floors throughout with tile in the wet areas. Guest bath has jacuzzi tub. Roof and heat/air only 3 years old! No flood zone and no HOA. Put this one at the top of your list as the good ones go fast!

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

Zip Code: 34684

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $89k343k

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

Zip Code: 34684

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052044

* 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
Lake St. George Elementary School Primary Regular 590 42 6
Palm Harbor Middle School Middle Regular 1,375 75 6
Countryside High School High Regular 2,175 106 5

Lake St. George Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 42
6
GreatSchools Rating

Palm Harbor Middle School

  • Education Level: Middle
  • # of students: 1,375
  • # of teachers: 75
6
GreatSchools Rating

Countryside High School

  • Education Level: High
  • # of students: 2,175
  • # of teachers: 106
5
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$955
Property Tax -$346
Property Insurance -$117
Property Management Fees -$129
CASH FLOW
$113

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.

$275,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.60%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$31,693

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,760

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6603$1,8254$1,8355$1,850
$1,850
RENT COMPS ANALYSIS
  • 404 David Ct Palm Harbor, FL 2
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.20
    •  
  • 3404 Shorncliffe Ln Palm Harbor, FL 1
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1987
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.25
    •  
  • 184 Talley Dr Palm Harbor, FL 3
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1990
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.22
    •  
  • 221 Morgan Ct Palm Harbor, FL 4
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1974
    property image
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $1.29
    •  
  • 6903 301st Ave N Clearwater, FL 5
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.32
    •  
PROPERTY LISTING DETAILS
Paul Marcy
1.813.263.4694
Realty Visions
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8114655
Last Updated: 02/27/2021
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