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5604 Dolores Dr Holiday, FL 34690

3 Beds 2 Baths 1,314 sqft Built 1973

INVESTimate

$194,900

List Price

$1,240

$1,116 - $1,364

Rent Est.

$218,717  ( +12.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $148.33
  • 4 Days on Market
  • MLS # : W7825958
  • Updated Date : 08/24/2020 at 18:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,314 sqft
  • Baths : 2 full
Listing Agent

Re/max Advantage Realty

Listing Agent's Description

Welcome to the beautifully updated, well kept, 3 bedroom 2 bath POOL home that you have been looking for! Roof is 2010, HVAC 2009. Arrive to this home to find the freshly landscaped front yard and tastefully painted exterior. The one car garage is over-sized with a widened driveway for parking. Newer Irrigation system to keep the yard maintained. Newer windows throughout the house as well! Relax and have your morning coffee and donut on the covered front porch, and then step into the house and enjoy a large-open living area and dining room The main living area allows in a lot of natural light. The main bedroom is large in size, with a nicely updated bathroom that has a tiled shower, updated vanity, and WALK IN closet! The kitchen is good in size, and provides a breakfast area as well. It has solid surface counters, nicely kept light cabinets, and an elegant backsplash! The second bedroom is decently sized, but provides built-in storage, with another updated second bathroom close by that sports a tiled shower and nice vanity. Bedroom 3 is located in the rear of the house, and is also LARGE almost like a second main bedroom, and this bedroom also has DIRECT access to the pool area too! Step outside to enjoy the covered paver back patio, and you can't help but notice the beautiful, screen-enclosed pool area! Which comes with a child fence to keep the little ones safe. NEWER 1 year old pool pump, and the house has a solar heater for the pool as well. Step outside the pool are to enjoy another paver patio with an attached fire pit. What a perfect place to have a family BBQ, while the pups are running around the FULLY FENCED in backyard! And don't worry about privacy because there are NO REAR NEIGHBORS! Being centrally located, the beaches are not far away.

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: La Villa Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $46k238k

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

Neighborhood: La Villa Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6071590

* 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
 

$175,410$214,390$194,900

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$719
Property Tax -$217
Property Insurance -$113
Property Management Fees -$80
CASH FLOW
$111

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.

$194,900

PROJECTED PRICE

$1,240

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 12.22%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,399

INVESTMENT

$57,399

Down Payment
$48,725
Rehab Estimate
$5,750
Closing Costs
$2,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,725
Loan Amount $146,175
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$28,149

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,232

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1503$1,2404$1,2455$1,475
$1,475
RENT COMPS ANALYSIS
  • 5604 Dolores Dr Holiday, 3
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.94
    •  
  • 5702 Moog Rd Holiday, 1
    • 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1973
    LEASED 03/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.90
    •  
  • 3811 Woodcock Dr New Port Richey, 2
    • 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, 4
    • 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
    •  
  • 5810 Elena Dr Holiday, 5
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1978
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.01
    •  
PROPERTY LISTING DETAILS
Steven Wallace
1.727.836.0023
Re/max Advantage Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7825958
Last Updated: 08/24/2020
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