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

15401 Callista Ln Dade City, FL 33523

4 Beds 2 Baths 1,612 sqft Built 2014

$230,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $142.68
  • 2 Days on Market
  • MLS # : U8117094
  • Updated Date : 03/21/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,612 sqft
  • Baths : 2 full
Listing Agent

Keller Williams - New Tampa

Listing Agent's Description

Are you searching for an affordable newer home, with low taxes, low HOA and no CDD? Look no further! Come move in this beautiful 4 bedroom 2 bath home boasting over 1600 square ft. This tastefully decorated solid block home features an amazing floor plan designed to entertain. Options include a spacious Great Room, casual dining and kitchen. Master suite bedroom has a massive walk-in closet. 3 additional rooms are generously sized. There is an additional back Porch with no neighbors but a rare and beautiful view. This location is minutes from Publix, Walmart, restaurants and all your other shopping needs. Dade City is a thriving community with 17 new construction developments underway. Dade City is famous for its Cumquat Festival, County Fairs, Car Shows, and Historic community. Don't miss your opportunity to pick up this turn key beautiful home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$799
Property Tax -$251
Property Insurance -$130
HOA -$42
Property Management Fees -$129
CASH FLOW
$9

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.

$230,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.59%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$15,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,451

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,400
$1,400
RENT COMPS ANALYSIS
  • 15401 Callista Ln Dade City, FL 1
    • 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,612 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.84
    •  
  • 37138 Highland Bluff Cir Dade City, FL 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
PROPERTY LISTING DETAILS
Joseph Barnes
1.813.994.4422
Keller Williams - New Tampa
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8117094
Last Updated: 03/21/2021
BESbswy