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4193 Grandchamp Cir Palm Harbor, FL 34685

4 Beds 2 Baths 2,218 sqft Built 1996

$449,900

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $202.84
  • 2 Days on Market
  • MLS # : L4920167
  • Updated Date : 01/10/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,218 sqft
  • Baths : 2 full
Listing Agent

Bhhs Florida Properties Grp

Listing Agent's Description

A MUST SEE HOME. One of only 63 homes in well sought after golfside community. The current owners have taken good care of this home. As you walk through the double french front doors you are welcomed into a large family room with high ceilings and lots of natural light. To your right as you walk in there are 3 good sized guest bedrooms complete with solid wood floors with their own bathroom which has been recently updated with new vanity, tile work and light fixture. Past the family room is the large owners suite with high ceilings, large closet, solid wood floors and private door out to the lanai/pool area. Master bathroom is complete with large garden tub, walk in shower, dual vanities with granite counter tops and updated light fittings. Large spcious kitchen comes complete with stainless steel appliances, brand new tile floor and granite countertops. Large living room with lots of natural light, overlooking the newly renovated lanai and pool area. Recent updates: Pool screens have been re-done, Lanai has been re painted, new paint inside and out. New flooring in hall and kitchen. Guest bathroom updated. New roof including all new plywood and underlayment in 2015. AC is 2 years old

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Golfside

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k522k

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

Neighborhood: Golfside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9052689

* 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
Tarpon Springs Middle School Middle Regular 873 46 4
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

Tarpon Springs Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 46
4
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

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,563
Property Tax -$582
Property Insurance -$165
HOA -$125
Property Management Fees -$129
CASH FLOW
-$34

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

$2,530

PROJECTED RENT

0.56%

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$0.0$5.0k$10k$15k$20k

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 50% 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

5.67

YEARS SAVED

$28,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,656

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,5003$2,5004$2,5305$2,800
$2,800
RENT COMPS ANALYSIS
  • 4193 Grandchamp Cir Palm Harbor, FL 4
    • 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.14
    •  
  • 3672 Fairway Forest Cir Palm Harbor, FL 1
    • 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
    •  
  • 3699 Doral St Palm Harbor, FL 2
    • 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1997
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.14
    •  
  • 4351 Water Oak Way Palm Harbor, FL 3
    • 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
    •  
  • 3833 Siena Ln Palm Harbor, FL 5
    • 4 beds 4 baths ∙ 2,391 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,391 Sqft ∙ Built 1995
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.17
    •  
PROPERTY LISTING DETAILS
Andrew Fearn
1.863.812.1755
Bhhs Florida Properties Grp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4920167
Last Updated: 01/10/2021
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