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7812 54th Ct E Palmetto, FL 34221

3 Beds 2 Baths 1,652 sqft Built 1986

$280,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $169.49
  • 16 Days on Market
  • MLS # : A4487885
  • Updated Date : 01/22/2021 at 07:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,652 sqft
  • Baths : 2 full
Listing Agent

Nexthome Kd Premier Realty

Listing Agent's Description

Welcome to the quiet neighborhood of Woodlawn Lakes. This cute home sits on a large lot, over a 1/3 of an acre, overlooking a tranquil pond. This lovely 3 bedroom 2 bath home has been well kept and is ready for its new owners. The open floor plan allows easy entertaining but gives privacy with its split plan. The master bedroom has a bonus room which could be used as a study or reading room. This gem also features a newer roof (2018), a large screened in back porch and fenced back yard to keep your family and pets safe. Within the community are lots of mature trees and landscaping and nice space between the houses. This well-established community offers LOW HOA fees and NO CDD. Conveniently located to the Ellenton Premium Outlet Mall, restaurants, Buffalo Creek Golf Course, US-301 and I-75. Put this one on your list! Call today to schedule an appointment!

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: Woodlawn

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $97k409k

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

Neighborhood: Woodlawn

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001400160018002000220024002600Rent in $11052642

* 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
Mills Elementary School Primary Regular 1,160 66 6
Buffalo Creek Middle School Middle Regular 1,102 54 5
Palmetto High School High Regular 2,076 93 3

Mills Elementary School

  • Education Level: Primary
  • # of students: 1,160
  • # of teachers: 66
6
GreatSchools Rating

Buffalo Creek Middle School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 54
5
GreatSchools Rating

Palmetto High School

  • Education Level: High
  • # of students: 2,076
  • # of teachers: 93
3
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$973
Property Tax -$286
Property Insurance -$137
HOA -$13
Property Management Fees -$129
CASH FLOW
$183

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$280,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
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$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$36,544

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,710

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,6503$1,7204$1,8505$1,925
$1,925
RENT COMPS ANALYSIS
  • 7812 54th Ct E Palmetto, FL 3
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.04
    •  
  • 6412 68th Dr E #e Palmetto, FL 1
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1993
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.06
    •  
  • 6709 Rock Bridge Ln Ellenton, FL 2
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 6630 Rock Bridge Ln Ellenton, FL 4
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.12
    •  
  • 4611 Trout River Xing Ellenton, FL 5
    • 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.96
    •  
PROPERTY LISTING DETAILS
Victoria Campbell
1.352.446.4758
Nexthome Kd Premier Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4487885
Last Updated: 01/22/2021
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