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15830 Cedar Elm Ter Land O Lakes, FL 34638

4 Beds 3 Baths 2,588 sqft Built 2006

$330,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $127.51
  • 5 Days on Market
  • MLS # : W7831290
  • Updated Date : 03/03/2021 at 14:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,588 sqft
  • Baths : 3 full
Listing Agent

Re/max Marketing Specialists

Listing Agent's Description

Stunning home with conservation view in Suncoast Lakes community where you will find Low HOA fee, No CDD fees, and easy access to the Suncoast Parkway to make commuting a breeze. Spacious floor plan; beautiful tile floors. Huge kitchen with center island. Large master bedroom with custom upgraded tray ceiling, spacious walk in closet, and luxurious garden tub and separate shower. Huge bonus room upstairs with an endless possibility of entertainment. The perfect setting for a theater room or game room. 4th bedroom and 3rd bath on second level, perfect for guest. Tranquil views of conservation area in your backyard where nature abounds! This community features a brand new playground (2019), tennis courts, basketball courts, club house, Green area for football or soccer, and a huge pristine community pool. Come claim this home as yours before it's too late.

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: Suncoast Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k374k

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

Neighborhood: Suncoast Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Dr. Mary Giella Elementary School Primary Regular 674 50 5
Crews Lake Middle School Middle Regular 1,201 85 5
Hudson High School High Regular 1,267 82 5

Dr. Mary Giella Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 50
5
GreatSchools Rating

Crews Lake Middle School

  • Education Level: Middle
  • # of students: 1,201
  • # of teachers: 85
5
GreatSchools Rating

Hudson High School

  • Education Level: High
  • # of students: 1,267
  • # of teachers: 82
5
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,146
Property Tax -$375
Property Insurance -$187
HOA -$55
Property Management Fees -$129
CASH FLOW
-$162

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.

$330,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 8.2%
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

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,646

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,825

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,7303$1,7494$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 15830 Cedar Elm Ter Land O Lakes, FL 2
    • 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,588 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.67
    •  
  • 15927 Leatherleaf Ln Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 2,522 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,522 Sqft ∙ Built 2005
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.64
    •  
  • 10513 Sky Flower Ct Land O Lakes, FL 3
    • 3 beds 3 baths ∙ 2,682 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,682 Sqft ∙ Built 2005
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.65
    •  
  • 15841 Pond Rush Ct Land O Lakes, FL 4
    • 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2006
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
  • 10531 Deerberry Dr Land O Lakes, FL 5
    • 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 2005
    property image
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
PROPERTY LISTING DETAILS
Karen Mulrooney
1.352.279.7763
Re/max Marketing Specialists
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7831290
Last Updated: 03/03/2021
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