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

1401 Lake Shore Ranch Dr Seffner, FL 33584

4 Beds 2 Baths 1,855 sqft Built 1999

$299,990

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $161.72
  • 4 Days on Market
  • MLS # : T3274439
  • Updated Date : 11/06/2020 at 09:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,855 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty S.shore

Listing Agent's Description

Attention first time homebuyers- it's not too late to become a homeowner this year and take advantage of the full homestead tax credit for 2021! Don't miss your chance at this upgraded pool home that has had all the big ticket items taken care of already! A new roof was installed in 2017 as well as a new HVAC and all new ductwork. The backyard oasis features a covered paver lanai that leads out to the newer pool (3 years old) and the large yard area enclosed by a newer fence (2018). Plenty of room to relax and lets your pets play. Inside the home you will find even more upgrades. Plantation shutters throughout the home were recently installed and the flooring was upgraded to wood look laminate. You will not find carpet in this home. The split floor plan offers privacy for the master bedroom which also has sliders out to the lanai. The master bathroom has a new vanity and offers a glass framed shower and soaker garden tub. The kitchen has white cabinets and granite counte tops as well as an ample sized breakfast nook. You will find the formal dining room in the front of the home and it also includes a formal living room. There is so much room in here to stretch out and unwind from your day. Just steps out of the home is a beautiful lake complete with a boardwalk and playgrounds. Schedule your showing today!

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: Lake Shore Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $85k238k

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

Neighborhood: Lake Shore Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8561590

* 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
Colson Elementary School Primary Regular 681 59 3
Burnett Middle School Middle Regular 869 62 3
Armwood High School High Regular 1,809 104 3

Colson Elementary School

  • Education Level: Primary
  • # of students: 681
  • # of teachers: 59
3
GreatSchools Rating

Burnett Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 62
3
GreatSchools Rating

Armwood High School

  • Education Level: High
  • # of students: 1,809
  • # of teachers: 104
3
GreatSchools Rating
 

$269,991$329,989$299,990

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,107
Property Tax -$382
Property Insurance -$144
HOA -$37
Property Management Fees -$80
CASH FLOW
-$110

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.

$299,990

PROJECTED PRICE

$1,640

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,247

INVESTMENT

$85,247

Down Payment
$74,998
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,998
Loan Amount $224,993
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$14,299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,739

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6403$1,6854$1,8755$1,899
$1,899
RENT COMPS ANALYSIS
  • 1401 Lake Shore Ranch Dr Seffner, FL 2
    • 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.88
    •  
  • 1511 Long Pond Dr Valrico, FL 1
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1989
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 1044 Lake Shore Ranch Dr Seffner, FL 3
    • 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1999
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.97
    •  
  • 403 Valencia Park Dr Seffner, FL 4
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 1999
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.88
    •  
  • 419 Valencia Park Dr Seffner, FL 5
    • 4 beds 2 baths ∙ 1,887 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,887 Sqft ∙ Built 1998
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.01
    •  
PROPERTY LISTING DETAILS
Kelley Sempert
1.269.615.4093
Keller Williams Realty S.shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274439
Last Updated: 11/06/2020
BESbswy