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126 Shannon Oaks Dr Lakeland, FL 33813

4 Beds 2 Baths 2,501 sqft Built 2004

$489,900

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $195.88
  • 2 Days on Market
  • MLS # : L4919363
  • Updated Date : 11/21/2020 at 15:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,501 sqft
  • Baths : 2 full
Listing Agent

Remax Paramount Properties

Listing Agent's Description

Don't miss this elegant 4 bedroom 2 bath 3 car garage home in Amanda Oaks, a gated community of fine custom homes. This beautiful master piece built by Hulbert Homes, the casual Florida style floor plan design immediately draws you to the expansive pool and patio area. The garden by the pool has many beautiful and exotic plants to give you the feeling of paradise. As you enter from the double glass front door you will view the elegant living room and the formal dining room with twelve foot ceiling, crown molding, custom hardwood floors in the dining room, family room and office/bedroom. Custom tiles are in the living room, kitchen and wet areas. Spacious kitchen with 42 inch custom cabinets, upgraded stainless steel appliances, solid surface counter tops, custom backsplash and light fixtures under the cabinet. The kitchen and the spacious nook opens up to the large family room with tray ceiling for family entertainment. The double French doors from the family room and the master bedroom opens up to 31x43 pool patio. The spacious master bedroom with tray ceiling over look the 16x30 custom pool with running fountain. The paver garden area surrounded with many tropical plants it gives you the tropical paradise illusion for family entertainment. Come see this immaculate home and schedule a private showing today.

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: Amanda Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $70k522k

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

Neighborhood: Amanda Oaks

NeighborhoodNIR Market*CityMarket2015Year20092019 Q2100012001400160018002000220024002600280030003200Rent in $9083313

* 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
Scott Lake Elementary School Primary Regular 771 52 5
Lakeland Highlands Middle School Middle Regular 1,217 66 6
George W. Jenkins Senior High School High Regular 2,319 116 5

Scott Lake Elementary School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 52
5
GreatSchools Rating

Lakeland Highlands Middle School

  • Education Level: Middle
  • # of students: 1,217
  • # of teachers: 66
6
GreatSchools Rating

George W. Jenkins Senior High School

  • Education Level: High
  • # of students: 2,319
  • # of teachers: 116
5
GreatSchools Rating
 

$440,910$538,890$489,900

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,808
Property Tax -$539
Property Insurance -$179
HOA -$54
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 12% of earned rent to cover both maintenance and periods of vacancy.

$489,900

PROJECTED PRICE

$2,550

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.82%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 3.73%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$22,730

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,051

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,880
1$1,8802$1,9953$2,1004$2,2955$2,550
$2,550
RENT COMPS ANALYSIS
  • 126 Shannon Oaks Dr Lakeland, FL 5
    • 4 beds 2 baths ∙ 2,501 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,501 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.02
    •  
  • 1007 Clearpointe Way Lakeland, FL 1
    • 4 beds 2 baths ∙ 2,342 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,342 Sqft ∙ Built 2001
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.80
    •  
  • 6871 Eagle Ridge Loop Lakeland, FL 2
    • 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 2005
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 515 Osprey Landing Dr Lakeland, FL 3
    • 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 7068 Island Lake Ln Lakeland, FL 4
    • 3 beds 3 baths ∙ 2,754 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,754 Sqft ∙ Built 2001
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jopie Tjioe
1.863.698.9341
Remax Paramount Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4919363
Last Updated: 11/21/2020
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