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14408 Mount Zion Rd Dade City, FL 33523

4 Beds 2 Baths 2,524 sqft Built 1974

$359,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $142.59
  • 49 Days on Market
  • MLS # : T3277539
  • Updated Date : 01/06/2021 at 20:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,524 sqft
  • Baths : 2 full
Listing Agent

Florida Executive Realty 2

Listing Agent's Description

This nearly 2 acre 4 bedroom 2 bathroom pool home is situated on a dead end street. Enjoy the tranquility of this desirable property while viewing the beautiful open fields in front of the home. The bedrooms in this home are spacious and the master bedroom has a walk in closet. This home features kitchen custom wood cabinets with under mount lighting, double pane windows throughout, and all the appliances are less than a year old. The home is very airy with over 2500 Sq ft of living space which includes a large bonus room. Relax with your Family and Guests by the caged pool perfect for entertaining. This property also features a large covered screened in lanai, 2 de-attached carports and a 2 outside Storage Sheds. The well pump is is 6 months new! This property is a must see for anyone looking for serenity while living in a perfectly functional living space. Call to make you appointment 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

Zip Code: 33523

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Zip Code: 33523

ZipNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6721590

* 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
San Antonio Elementary School Primary Regular 625 48 4
Pasco Middle School Middle Regular 916 67 3
Pasco High School High Regular 1,595 93 4

San Antonio Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 48
4
GreatSchools Rating

Pasco Middle School

  • Education Level: Middle
  • # of students: 916
  • # of teachers: 67
3
GreatSchools Rating

Pasco High School

  • Education Level: High
  • # of students: 1,595
  • # of teachers: 93
4
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,250
Property Tax -$466
Property Insurance -$183
Property Management Fees -$129
CASH FLOW
-$78

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.

$359,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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

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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,733

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,625

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,925
$2,925
RENT COMPS ANALYSIS
  • 14408 Mount Zion Rd Dade City, FL 1
    • 4 beds 2 baths ∙ 2,524 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,524 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 34950 Saint Joe Rd Dade City, FL 2
    • 5 beds 3 baths ∙ 2,809 Sqft ∙ Built 1984 5 beds 3 baths ∙ 2,809 Sqft ∙ Built 1984
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,925
    • $1.04
    •  
PROPERTY LISTING DETAILS
Ivy Larson
1.813.841.7475
Florida Executive Realty 2
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277539
Last Updated: 01/06/2021
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