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10536 Sky Flower Ct Land O Lakes, FL 34638

3 Beds 2 Baths 2,121 sqft Built 2006

$319,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $150.83
  • 3 Days on Market
  • MLS # : T3285563
  • Updated Date : 01/22/2021 at 21:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,121 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

AMAZING OPPORTUNITY to own this METICULOUSLY maintained 3 Bedroom + Office/2 Bath/2 Car Garage home with WATER & CONSERVATION VIEWS! As you enter the Foyer, you will notice an OPEN and SPACIOUS floor plan, stylishly designed interior archways, natural light, and high ceilings that provide a spacious feel in the formal areas. The Formal Living and Dining Room boast VOLUME ceilings and decorative arches, making for a seamless transition and ease of entertaining. This IMMACULATE home offers Neutral Decor, making it a breeze to make your own! The open concept Kitchen features a Breakfast Nook, GRANITE Countertops, WOOD Cabinets, and Newer STAINLESS STEEL APPLIANCES. The Family Room blends seamlessly with the Kitchen, designed for those who like to cook & entertain at the same time. The Kitchen & Family Room have expansive views of the pond through extra-wide glass sliding pocket doors. Relax in the immense Owners Suite featuring a walk-in closet, double vanity, large GARDEN TUB, and separate shower. Two additional great sized Bedrooms and a Guest Bath that features a shower/tub combo ensure plenty of space for your family and overnight guests. Outside you’ll find a spacious LANAI and an open-air PAVER PATIO with beautiful views of the water and conservation, perfect to relax and unwind after a long day. The WONDERFUL community of Suncoast Lakes has NO CDD FEES, and LOW HOA FEES, as well as tennis courts, a pool, a playground, a clubhouse, and so much MORE! Located very close and easy access to the Suncoast Parkway for easy commuting. Tampa International Airport, restaurants, schools, and shopping are just minutes away.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Suncoast Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k374k

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

Neighborhood: Suncoast Lakes

NeighborhoodNIR 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
Dr. Mary Giella Elementary School Primary Regular 674 50 5
Crews Lake Middle School Middle Regular 1,201 85 5
Hudson High School High Regular 1,267 82 5

Dr. Mary Giella Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 50
5
GreatSchools Rating

Crews Lake Middle School

  • Education Level: Middle
  • # of students: 1,201
  • # of teachers: 85
5
GreatSchools Rating

Hudson High School

  • Education Level: High
  • # of students: 1,267
  • # of teachers: 82
5
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,111
Property Tax -$363
Property Insurance -$160
HOA -$55
Property Management Fees -$129
CASH FLOW
-$118

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.

$319,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 8.2%
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-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,281

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,745

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6503$1,7004$1,8755$2,000
$2,000
RENT COMPS ANALYSIS
  • 10536 Sky Flower Ct Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 2,121 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,121 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
  • 15838 Cedar Elm Ter Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2005
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 12401 Duckett Ct Spring Hill, FL 2
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2017
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 10645 Weeping Elm Bnd Land O Lakes, FL 4
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.81
    •  
  • 10623 Pearl Berry Loop Land O Lakes, FL 5
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2007
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
PROPERTY LISTING DETAILS
Lilly Caruso
1.813.855.4982
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285563
Last Updated: 01/22/2021
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