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

10295 Hawks Landing Dr Land O Lakes, FL 34638

3 Beds 2 Baths 1,532 sqft Built 2019

INVESTimate

$259,900

List Price

$1,490

$1,341 - $1,639

Rent Est.

$274,532  ( +5.63%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $169.65
  • 8 Days on Market
  • MLS # : T3260463
  • Updated Date : 08/21/2020 at 11:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,532 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Newly built home in 2019 that is perfectly blended with elegance and a functional living space. This home features many upgrades such as 9'4 ceilings, window coverings/blinds, ceiling fans, a covered rear patio, and a vinyl fence for the backyard. The open kitchen includes granite counter tops, an island, pendant lighting, upgraded stainless steel appliances, a large pantry and upgraded 42" cabinets. Large ceramic tile (18 x 18) runs throughout all of the main living areas of the home with carpet in the bedrooms. The owner's suite features a large walk-in closet, large vanity with 2 sinks and a spacious walk-in shower. This home is situated on a conservation lot with no rear neighbors. The community features include a large resort style pool, playgrounds, dog parks, and walking trails. This home is located with convenient access to the Veteran's Expressway and I75 which allow for ease of travel around the Tampa Bay area. The home has been well maintained, is move-in ready and can close quickly. By purchasing this home you can avoid the 7 month wait for the builder and save money at the same time!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 34638

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $91k400k

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

Zip Code: 34638

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Connerton Elementary School Primary Regular 973 73 4
Pine View Middle School Middle Regular 924 58 6
Land O' Lakes High School High Magnet 1,700 100 8

Connerton Elementary School

  • Education Level: Primary
  • # of students: 973
  • # of teachers: 73
4
GreatSchools Rating

Pine View Middle School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 58
6
GreatSchools Rating

Land O' Lakes High School

  • Education Level: High
  • # of students: 1,700
  • # of teachers: 100
8
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$959
Property Tax -$348
Property Insurance -$125
HOA -$21
Property Management Fees -$80
CASH FLOW
-$43

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$259,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.63%
Maintenance Year (1-5) 3.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,874

INVESTMENT

$70,874

Down Payment
$64,975
Rehab Estimate
$2,000
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$17,942

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,528

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,419
1$1,4192$1,4903$1,5004$1,5105$1,695
$1,695
RENT COMPS ANALYSIS
  • 10295 Hawks Landing Dr Land O Lakes, 2
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.97
    •  
  • 9758 Edmonton Dr Land O Lakes, 1
    • 4 beds 3 baths ∙ 1,472 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,472 Sqft ∙ Built 2006
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,419
    • $0.96
    •  
  • 10050 Landport Way Land O Lakes, 3
    • 4 beds 2 baths ∙ 1,484 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,484 Sqft ∙ Built 2005
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
  • 10145 Perthshire Cir Land O Lakes, 4
    • 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 2006
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.02
    •  
  • 10104 Perthshire Cir Land O Lakes, 5
    • 4 beds 2 baths ∙ 1,695 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,695 Sqft ∙ Built 2006
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
PROPERTY LISTING DETAILS
Tina Roberts
1.813.855.4982
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260463
Last Updated: 08/21/2020
BESbswy