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5111 Polar Dr Holiday, FL 34690

3 Beds 2 Baths 1,314 sqft Built 1968

$199,999

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $152.21
  • 4 Days on Market
  • MLS # : U8104475
  • Updated Date : 11/13/2020 at 11:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,314 sqft
  • Baths : 2 full
Listing Agent

Re Florida Homes

Listing Agent's Description

Wow honey stop scrolling, this is the one! This home has been updated uniquly just for us. Single family 3B/2B split floor plan. Open concept great for entertaining guest, family, and friends. Let your eyes gaze through you stunning 2 tone kitchen with matching brand new bathrooms, and gorgeous marble like granite counters. Accent pieces have individually picked out by a designer who choose to use signature energy saving LED light fixtures, fans, gold fixtures & locks for that wow factor everyone is looking for. Enjoy your all new wood like waterproof vinyl flooring & South Beach Style 6" baseboard throughout. Don't miss out! HOT MARKET Liminited inventory in this neighborhood. Trust me there is nothing out there that looks like this! Send your buyers "Cant refuse offer" today before its gone! Please note enhanced artificial grass was edited due to weather.

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: Colonial Manor

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $44k238k

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

Neighborhood: Colonial Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5501590

* 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
Anclote Elementary School Primary Regular 606 45 2
Paul R. Smith Middle School Middle Regular 1,030 69 3
Anclote High School High Regular 1,381 78 4

Anclote Elementary School

  • Education Level: Primary
  • # of students: 606
  • # of teachers: 45
2
GreatSchools Rating

Paul R. Smith Middle School

  • Education Level: Middle
  • # of students: 1,030
  • # of teachers: 69
3
GreatSchools Rating

Anclote High School

  • Education Level: High
  • # of students: 1,381
  • # of teachers: 78
4
GreatSchools Rating
 

$179,999$219,999$199,999

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$738
Property Tax -$223
Property Insurance -$113
Property Management Fees -$80
CASH FLOW
-$13

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.

$199,999

PROJECTED PRICE

$1,140

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $149,999
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$14,695

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,140

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,127

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,045
1$1,0452$1,0953$1,1404$1,1505$1,245
$1,245
RENT COMPS ANALYSIS
  • 5111 Polar Dr Holiday, FL 3
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,140
    • $0.87
    •  
  • 3618 Panola Dr New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,045
    • $0.77
    •  
  • 4338 Newgate Ave Holiday, FL 2
    • 3 beds 1 baths ∙ 1,340 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,340 Sqft ∙ Built 1964
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.82
    •  
  • 3811 Woodcock Dr New Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1976
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.89
    •  
  • 5304 Bob White Dr Holiday, FL 5
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1972
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.95
    •  
PROPERTY LISTING DETAILS
Carlos Batista
1.786.258.6562
Re Florida Homes
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8104475
Last Updated: 11/13/2020
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