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5610 Dolores Dr Holiday, FL 34690

3 Beds 2 Baths 2,155 sqft Built 1973

$240,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $111.37
  • 3 Days on Market
  • MLS # : T3280147
  • Updated Date : 12/12/2020 at 10:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,155 sqft
  • Baths : 2 full
Listing Agent

Re/max Realty Unlimited

Listing Agent's Description

MOVE-IN ready 3 bedroom 2 bath with a POOL home that you have been looking for! New Roof and Solar panels installed in 2018. New Water heater installed in 2019. The pool area includes a Tiki bar with a sink, great for Hosting! You can also find an outside shower near the pool to allow you and your guest to rinse off before heading back inside. This home includes a large kitchen with a breakfast bar. The primary bedroom is large in size, with a nicely updated bathroom with a newly remodeled shower, and WALK-IN closet! This split floor plan gives your primary bedroom the privacy you are looking for. No HOA, no CDD, and No Flood Zone. Schedule a showing today!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$886
Property Tax -$267
Property Insurance -$162
Property Management Fees -$129
CASH FLOW
$97

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.

$240,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 12.2%
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$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$29,912

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,774

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,6003$1,6004$1,700
$1,700
RENT COMPS ANALYSIS
  • 5610 Dolores Dr Holiday, FL 1
    • 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.71
    •  
  • 3031 Shadow Oaks Dr Holiday, FL 2
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1984
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 1725 Tumbleweed Dr Holiday, FL 3
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1979
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.82
    •  
  • 6140 Glenwood Dr New Port Richey, FL 4
    • 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1973
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
PROPERTY LISTING DETAILS
Nathalie Ascensao
1.813.446.2630
Re/max Realty Unlimited
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280147
Last Updated: 12/12/2020
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