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817 Duval Ct Safety Harbor, FL 34695

3 Beds 2 Baths 1,821 sqft Built 2001

$375,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $205.93
  • 4 Days on Market
  • MLS # : U8111412
  • Updated Date : 01/29/2021 at 16:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,821 sqft
  • Baths : 2 full
Listing Agent

Re/max Realtec Group Inc

Listing Agent's Description

Built in 2001, Florida style family home on a cul de sac is tucked away in a wonderful little subdivision walkable to the desirable Downtown Safety Harbor. Perfect for any buyer, you'll find a well maintained, turnkey home with vaulted ceilings throughout. Check out the recently renovated beautiful custom kitchen equipped with Maytag appliances, island with electric, tons of cabinetry, large pantry and expansive breakfast bar. The kitchen opens up to the main living area and offers plenty of room for a dining table. The inside laundry is a bonus situated just off the kitchen with front load washer and dryer included. Need a 4th bedroom or office? The dining room could easily be closed off to meet your needs and not give up any living space. The oversized family room features vaulted ceilings, recessed lighting, bamboo floors and a large TV nook. True split floor plan with an oversized master bedroom tucked away in the back of the home with soaker tub and shower, dual sinks and custom California closet. The oversized master could also be sectioned off for an in home office or great sitting area. The 2nd and 3rd bedrooms are situated in the front of the home separated by a short hall with a full bath between them. The second bath has a tub shower. Enjoy the covered, screened lanai exiting the family room sliders and into the vinyl fenced back yard large enough to accommodate a pool. Irrigation was recently repaired and on a RainBird timer. Enjoy all the benefits of Safety Harbor with parks, library, unique shops, gourmet and locally owned restaurants, the famous Safety Harbor Spa and Resort, all within a short walking distance to the downtown area and Bayshore's waterfront. With easy access to Tampa International Airport, Downtown St. Petersburg and our Award Winning Beaches, how can you go wrong?

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: 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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,303
Property Tax -$444
Property Insurance -$142
HOA -$48
Property Management Fees -$129
CASH FLOW
$4

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.

$375,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.55%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$27,881

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,070

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,749
1$1,7492$2,0703$2,1504$2,300
$2,300
RENT COMPS ANALYSIS
  • 817 Duval Ct Safety Harbor, FL 2
    • 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $1.14
    •  
  • 10 Widgeon Pl Safety Harbor, FL 1
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1988
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $1.16
    •  
  • 1118 Bramblewood Dr Safety Harbor, FL 3
    • 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 1986
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.14
    •  
  • 404 Westborough Ln Safety Harbor, FL 4
    • 3 beds 3 baths ∙ 2,063 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,063 Sqft ∙ Built 1989
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.11
    •  
PROPERTY LISTING DETAILS
Cindy Hoover
1.727.492.4042
Re/max Realtec Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8111412
Last Updated: 01/29/2021
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