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80 Joyce St Safety Harbor, FL 34695

4 Beds 3 Baths 2,437 sqft Built 1961

$475,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $194.91
  • 4 Days on Market
  • MLS # : T3280490
  • Updated Date : 12/17/2020 at 08:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,437 sqft
  • Baths : 3 full
Listing Agent

Re/max Capital Realty

Listing Agent's Description

Charming home in Safety Harbor!! Close to all the amenities of Phillippe Park, downtown shops, walking trails, the Marina, Safety Harbor Spa and much more. This home was remodeled and completed March 2017. True 4 bedroom 3 bath with storage room, fenced yard and large screened lanai. Open floor plan with the updated kitchen being the highlight of the home. Large island with extra cabinets plus a breakfast bar next to the family room. Beautiful porcelain plank tile through out the living areas and newer carpet in bedrooms. All bathrooms were updated also with matching wood cabinetry. Master bath has huge walk in shower with custom glass enclosure, dual sinks and marble counters. Large screened lanai that leads to large back yard. Plenty of room for a pool! New whole house filtration system

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

Zip Code: 34695

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 34695

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052069

* 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
Safety Harbor Elementary School Primary Regular 662 47 7
Safety Harbor Middle School Middle Regular 1,319 75 5
Countryside High School High Regular 2,175 106 5

Safety Harbor Elementary School

  • Education Level: Primary
  • # of students: 662
  • # of teachers: 47
7
GreatSchools Rating

Safety Harbor Middle School

  • Education Level: Middle
  • # of students: 1,319
  • # of teachers: 75
5
GreatSchools Rating

Countryside High School

  • Education Level: High
  • # of students: 2,175
  • # of teachers: 106
5
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$1,753
Property Tax -$551
Property Insurance -$178
Property Management Fees -$129
CASH FLOW
$159

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.

$475,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$61,931

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,693

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,7703$3,500
$3,500
RENT COMPS ANALYSIS
  • 80 Joyce St Safety Harbor, FL 2
    • 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $1.14
    •  
  • 26 Turnstone Dr Safety Harbor, FL 1
    • 4 beds 2 baths ∙ 2,305 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,305 Sqft ∙ Built 1981
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
  • 280 Bailey St Safety Harbor, FL 3
    • 4 beds 4 baths ∙ 2,782 Sqft ∙ Built 1960 4 beds 4 baths ∙ 2,782 Sqft ∙ Built 1960
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.26
    •  
PROPERTY LISTING DETAILS
L. Kay Lehmer
1.813.416.3099
Re/max Capital Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280490
Last Updated: 12/17/2020
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