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8354 Parkside Dr Englewood, FL 34224

3 Beds 2 Baths 1,986 sqft Built 1994

$295,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $148.54
  • 6 Days on Market
  • MLS # : D6114569
  • Updated Date : 10/30/2020 at 15:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,986 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Private Sanctuary to relax and unwind. As you pull into the driveway, note the beautiful curb appeal, landscape and easy to maintain rock beds. Enter screened front lanai and be welcomed in to see an open layout, large great room with cathedral ceilings, open to kitchen and dining areas. All new tile and laminate flooring for easy maintenance throughout home., additional upgrades include Custom plantation shutters. The updated kitchen provides ample cabinetry with granite countertops, deep double farm sink, recessed lighting, and breakfast bar. Appliances all replaced within 4 years. You will enjoy time and find yourself living in the light bright Florida room which has gorgeous views of flowering landscape and a pond beyond. Also includes wood look plank tile flooring and a new mini split A/C/heater. The large master suite with fully updated ensuite bathroom including a spacious walk in shower. Your guests will never leave with a completely updated private guest bed and bath. The third bedroom with lots of natural light doubles as a den/office or extra bedroom. Home has E-Z close accordian hurricane shutters for your peace of mind. Home has been lovingly updated and maintained so there will be nothing left for you to do but enjoy the recreation facilities, community pool, tennis courts, 5-Star golfing and a full activities schedule! All this with low HOA fees and optional golf membership or pay as you play golf. Enjoy Florida living at its very best.Bring your golf cart and meet at the private clubhouse for a game of Pickle Ball with friends, why not? Oyster Creek is located with easy access to shopping, dining, and just minutes to the beaches!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 34224

ZipNIR Market*City2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $99k350k

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

Zip Code: 34224

ZipNIR Market*CityMarket20102015Year20082019 Q2135014001450150015501600165017001750Rent in $13081755

* 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
Vineland Elementary School Primary Regular 639 43 6
L. A. Ainger Middle School Middle Regular 775 41 6
Lemon Bay High School High Regular 1,268 62 7

Vineland Elementary School

  • Education Level: Primary
  • # of students: 639
  • # of teachers: 43
6
GreatSchools Rating

L. A. Ainger Middle School

  • Education Level: Middle
  • # of students: 775
  • # of teachers: 41
6
GreatSchools Rating

Lemon Bay High School

  • Education Level: High
  • # of students: 1,268
  • # of teachers: 62
7
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,088
Property Tax -$374
Property Insurance -$154
HOA -$185
Property Management Fees -$80
CASH FLOW
$109

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$295,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 3.00%
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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$32,374

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,279

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,9004$1,9905$3,800
$3,800
RENT COMPS ANALYSIS
  • 8354 Parkside Dr Englewood, FL 4
    • 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.00
    •  
  • 9276 Steubenville Ave Englewood, FL 1
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2007
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 9217 New Martinsville Ave Englewood, FL 2
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1983
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 7160 Carlsbad Ter Englewood, FL 3
    • 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 1988
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.92
    •  
  • 9254 Gulfstream Blvd Englewood, FL 5
    • 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1991
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.93
    •  
PROPERTY LISTING DETAILS
Sandra Newell
1.941.735.6405
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: D6114569
Last Updated: 10/30/2020
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