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5067 Lake Valencia Blvd E Palm Harbor, FL 34684

4 Beds 2 Baths 2,324 sqft Built 1984

$439,900

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $189.29
  • 3 Days on Market
  • MLS # : U8110356
  • Updated Date : 01/22/2021 at 14:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,324 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Florida Lifestyle….that’s what you’ll enjoy when you make this home your own! Lake Valencia is a highly sought after community offering central location to schools, dinning, shopping, parks, entertainment, and some of the best beaches in the world! The huge corner lot welcomes you, starting from the curb appeal where the landscaping is amazing! The spacious “Open Concept” floor plan greets you at the door in this meticulously remodeled beauty. The large living room/kitchen has vaulted ceilings and an oversized island great for entertaining. The home features an incredible master bedroom suite and split floor plan with 3 spacious guest bedrooms. Or you could convert 1 or more to den/office space if needed. There is also expansive storage in both the garage and overhead in the attic access areas. Some of the many improvements include: Brand new roof with transferable warranty 2021, HVAC 2013, Whole house duct replacement 2017, White vinyl fence 2017 and Master Bathroom renovation 2017. Finally step outside to the patio/salt pool/lanai area that’s calling you to relax in the private backyard and enjoy the true Florida Lifestyle!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Lake Valencia

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k399k

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

Neighborhood: Lake Valencia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052183

* 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
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,528
Property Tax -$554
Property Insurance -$172
HOA -$15
Property Management Fees -$129
CASH FLOW
$233

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.

$439,900

PROJECTED PRICE

$2,630

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$55,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,591

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,6304$2,7955$2,800
$2,800
RENT COMPS ANALYSIS
  • 5067 Lake Valencia Blvd E Palm Harbor, FL 3
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.13
    •  
  • 964 Valley View Cir Palm Harbor, FL 1
    • 4 beds 2 baths ∙ 1,998 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,998 Sqft ∙ Built 1991
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.05
    •  
  • 5023 Orange Grove Way Palm Harbor, FL 2
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1986
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.10
    •  
  • 758 Timuquana Ln Palm Harbor, FL 4
    • 3 beds 2 baths ∙ 2,361 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,361 Sqft ∙ Built 1988
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.18
    •  
  • 230 Old Oak Cir Palm Harbor, FL 5
    • 4 beds 2 baths ∙ 2,482 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,482 Sqft ∙ Built 1993
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.13
    •  
PROPERTY LISTING DETAILS
Mark Wiegand Llc
1.727.277.0134
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8110356
Last Updated: 01/22/2021
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