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13920 Jacobson Dr Odessa, FL 33556

4 Beds 3 Baths 2,196 sqft Built 2005

$314,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $143.40
  • 4 Days on Market
  • MLS # : W7831666
  • Updated Date : 03/12/2021 at 13:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,196 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Advantage Realty

Listing Agent's Description

Move right on in to this beautiful 4 BRDM, 2 1/2 BATH, 2 CAR GARAGE home. This home offers a ton of space inside and out. You will be pleasantly surprised with the size of each of the bedrooms. Kitchen is light and bright with newer stainless steel appliances, Inside laundry room and a half bath downstairs. Step outside onto an upgraded concrete paver patio that overlooks an overly large sized yard for plenty of room to relax, play and enjoy. Backyard is completely fenced with vinyl fencing. Community is located close to shopping, restaurants and airports. Community offers two parks and playgrounds.

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

Neighborhood: Ashley Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k463k

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

Neighborhood: Ashley Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052535

* 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
Odessa Elementary School Primary Regular 836 56 8
Seven Springs Middle School Middle Regular 1,442 88 9
James W. Mitchell High School High Regular 1,892 117 7

Odessa Elementary School

  • Education Level: Primary
  • # of students: 836
  • # of teachers: 56
8
GreatSchools Rating

Seven Springs Middle School

  • Education Level: Middle
  • # of students: 1,442
  • # of teachers: 88
9
GreatSchools Rating

James W. Mitchell High School

  • Education Level: High
  • # of students: 1,892
  • # of teachers: 117
7
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,094
Property Tax -$353
Property Insurance -$164
HOA -$37
Property Management Fees -$129
CASH FLOW
$163

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.

$314,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 8.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$39,565

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,097

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,9403$2,0504$2,3005$2,325
$2,325
RENT COMPS ANALYSIS
  • 13920 Jacobson Dr Odessa, FL 2
    • 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.88
    •  
  • 2013 Ashley Lakes Dr Odessa, FL 1
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2005
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.81
    •  
  • 13801 Vanderbilt Rd Odessa, FL 3
    • 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005
    property image
    LEASED 03/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.93
    •  
  • 14800 Caravan Ave Odessa, FL 4
    • 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2017
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
  • 2536 Portico St Odessa, FL 5
    • 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 2017
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $1.06
    •  
PROPERTY LISTING DETAILS
Renee Weaver
1.727.434.1268
Re/max Advantage Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7831666
Last Updated: 03/12/2021
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