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812 Bentwood Ct Palm Harbor, FL 34683

3 Beds 2 Baths 1,460 sqft Built 1987

$319,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $218.49
  • 3 Days on Market
  • MLS # : U8111529
  • Updated Date : 01/30/2021 at 15:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,460 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Here is a rare opportunity to own in the highly sought after subdivision of HIDDEN HILLS. Get the best of location and lifestyle! This house is situated on a QUIET CUL DE SAC with a home town feel. The entire family can spread out in this 3 BEDROOM, 2 BATHROOM, ranch home. The SPLIT LAYOUT features a bright and sunny OPEN FLOOR PLAN with BAMBOO FLOORING. The FULLY REMODELED KITCHEN with STAINLESS APPLIANCES and CORIAN COUNTERTOPS is a chef's dream featuring an OVERSIZED ISLAND complemented by DUAL IN WALL OVENS and a cook top with DOWN DRAFT venting. The family room, which overlooks the SALTWATER POOL, creates the perfect setting for entertaining friends or a quiet evening at home with family. The master suite features VAULTED CEILINGS, a WALK IN CLOSET, and a spacious en suite with dual sinks and a STEP IN SHOWER. The floor plan includes a FLEX SPACE that is ideal for a home office or cozy den. Recent Updates include DOUBLE PANE WINDOWS, NEW WATER HEATER (2020), NEW GARAGE DOOR OPENER, and RECLAIMED WATER IRRIGATION SYSTEM. The tastefully REMODELED GUEST BATH contributes to the overall "LIKE NEW" feel. The backyard is a private oasis with a full PRIVACY FENCE and dedicated FIRE PIT RETREAT complete with swing chairs. This home is in the IDEAL LOCATION for the family with an active lifestyle. It is only a 10 minute drive from the fabulous beaches of HONEYMOON ISLAND STATE PARK and only 4 miles from the world renowned INNISBROOK GOLF CLUB. There is plenty of room to store your Golf Clubs, Kayaks or Paddleboards in the 2 CAR GARAGE. You are within easy biking distance to the local Publix, area shops, restaurants, and micro breweries. NO CDD, NO HOA, & NO FLOOD INSURANCE. Don't miss out on this tranquil setting in the middle of everything Palm Harbor has to offer. This gorgeous home is priced to sell, so come see it right away.

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

Zip Code: 34683

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 34683

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052198

* 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
Sutherland Elementary School Primary Regular 631 41 9
Palm Harbor Middle School Middle Regular 1,375 75 6
Palm Harbor University High School High Magnet 2,522 113 9

Sutherland Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 41
9
GreatSchools Rating

Palm Harbor Middle School

  • Education Level: Middle
  • # of students: 1,375
  • # of teachers: 75
6
GreatSchools Rating

Palm Harbor University High School

  • Education Level: High
  • # of students: 2,522
  • # of teachers: 113
9
GreatSchools Rating
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,108
Property Tax -$402
Property Insurance -$121
Property Management Fees -$129
CASH FLOW
$50

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.

$319,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$28,698

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,851

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,810
1$1,8102$2,0003$2,0004$2,1255$2,150
$2,150
RENT COMPS ANALYSIS
  • 812 Bentwood Ct Palm Harbor, FL 1
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $1.24
    •  
  • 2472 Spinaker Ct Palm Harbor, FL 2
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1986
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.39
    •  
  • 2448 Grove Ridge Dr Palm Harbor, FL 3
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1981
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.14
    •  
  • 466 Magnolia Ave Palm Harbor, FL 4
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 2002
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $1.31
    •  
  • 2670 Grove Park Rd Palm Harbor, FL 5
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1979
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.23
    •  
PROPERTY LISTING DETAILS
John Lowe
1.813.778.5584
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8111529
Last Updated: 01/30/2021
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