Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

931 Cardigan Ln Palm Harbor, FL 34683

3 Beds 2 Baths 1,656 sqft Built 1985

$399,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $240.94
  • 2 Days on Market
  • MLS # : U8109394
  • Updated Date : 01/09/2021 at 09:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,656 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

MUST SEE THIS SPECTACULAR WEXFORD WEST BEAUTY IN PALM HARBOR! 3 BEDROOM 2 BATH 2 CAR GARAGE HEATED POOL HOME WITH A FIREPLACE!! This popular floor plan features LOADS of windows bringing in ample natural light throughout the home through plantation shutters! A welcoming covered front porch faces lush landscaping! Step inside and find tile and laminate flooring, vaulted ceilings, separate dining room with French doors to the lanai and the living room features a wood burning fireplace, and kitchen/ family room combo. The kitchen features granite counters with raised panel wood cabinets, backsplash , lots of storage, large center removable island and eating space with a pass through to the appointed spacious covered screened lanai. The kitchen is open to the inviting family room and sliders that open up to the pool area. The master suite is separate from the other bedrooms overlooking the pool and the master bath features a large walk in shower, vanity, and a large walk in custom closet. Second and third bedrooms are a split floor plan allowing privacy with a separate shared bathroom. Spare bedroom has a walk in closet. The laundry room features overhead cabinetry plenty of storage space and window for your convenience. The amenity list includes house exterior paint last year, new fencing, hot water heater, pool heater replaced with breaker box, garage door opener, driveway sealant and bedroom flooring. You'll love the private covered patio and screened outdoor living space with beautiful pavers bordering the swimming pool. You can swim all year round in the heated pool with creepy crawler! Spacious fully fenced yard with an open paver area as well! Enjoy the sunsets and beaches minutes away! Ride the Pinellas trail by bike or walk to downtown old Palm Harbor!

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

Neighborhood: Wexford Leas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k373k

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

Neighborhood: Wexford Leas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052197

* 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
Ozona Elementary School Primary Regular 726 51 6
Palm Harbor Middle School Middle Regular 1,375 75 6
Palm Harbor University High School High Magnet 2,522 113 9

Ozona Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 51
6
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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,386
Property Tax -$503
Property Insurance -$133
HOA -$14
Property Management Fees -$129
CASH FLOW
-$184

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.

$399,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.50%

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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$14,111

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,967

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,9803$2,0004$2,0005$2,350
$2,350
RENT COMPS ANALYSIS
  • 931 Cardigan Ln Palm Harbor, FL 2
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.20
    •  
  • 30 Durham Ct Palm Harbor, FL 1
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1978
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.05
    •  
  • 1191 Mineola Cir Palm Harbor, FL 3
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1982
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.18
    •  
  • 787 Stonehenge Way Palm Harbor, FL 4
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1985
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.18
    •  
  • 308 Lagoon Dr Palm Harbor, FL 5
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1985
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.34
    •  
PROPERTY LISTING DETAILS
Gail Johnston
1.727.422.5505
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8109394
Last Updated: 01/09/2021
BESbswy