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5526 Oceanic Rd Holiday, FL 34690

4 Beds 1 Baths 1,280 sqft Built 1961

$159,900

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $124.92
  • 5 Days on Market
  • MLS # : U8112050
  • Updated Date : 02/05/2021 at 17:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,280 sqft
  • Baths : 1 full
Listing Agent

Century 21 Listsmart

Listing Agent's Description

Welcome home! This darling home is freshly painted and ready for new owners. Featuring gorgeous all new ceramic wood look plank tile throughout, a gleaming new designer kitchen with tile counter tops and subway tile backsplash this home is cute as a button. Four bedrooms and one bath is the perfect size for lots of options at this property. Flood zone X so no flood insurance policy is required. Conveniently located to US 19 and a variety of shopping options. Make an appointment to see today before it's gone tomorrow! ***Multiple Offers Received. Please present your highest and best offers by MONDAY 2/8/2021/***

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: Dodge City

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $46k238k

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

Neighborhood: Dodge City

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5591590

* 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
Sunray Elementary School Primary Regular 516 39 5
Paul R. Smith Middle School Middle Regular 1,030 69 3
Anclote High School High Regular 1,381 78 4

Sunray Elementary School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 39
5
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
 

$143,910$175,890$159,900

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$555
Property Tax -$178
Property Insurance -$111
Property Management Fees -$129
CASH FLOW
$217

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.

$159,900

PROJECTED PRICE

$1,190

PROJECTED RENT

0.74%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,124

INVESTMENT

$48,124

Down Payment
$39,975
Rehab Estimate
$5,750
Closing Costs
$2,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$555

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $39,975
Loan Amount $119,925
See What Happens When You Reinvest Cash Flow

12.5

YEARS SAVED

$31,235

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,158

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,0503$1,1904$1,1955$1,295
$1,295
RENT COMPS ANALYSIS
  • 5526 Oceanic Rd Holiday, FL 3
    • 4 beds 1 baths ∙ 1,280 Sqft ∙ Built 1961 4 beds 1 baths ∙ 1,280 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.93
    •  
  • 1336 Excalibur St Holiday, FL 1
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1967
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.88
    •  
  • 1843 Tumbleweed Dr Holiday, FL 2
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.80
    •  
  • 2040 Maureen Dr Holiday, FL 4
    • 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1969
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.96
    •  
  • 5625 Riddle Rd Holiday, FL 5
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1972
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.98
    •  
PROPERTY LISTING DETAILS
Dustin Wideman
1.813.951.6957
Century 21 Listsmart
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8112050
Last Updated: 02/05/2021
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