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18207 Lytham Ct Land O Lakes, FL 34638

6 Beds 3 Baths 2,994 sqft Built 2007

$425,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $141.95
  • 5 Days on Market
  • MLS # : W7830238
  • Updated Date : 01/28/2021 at 15:53
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,994 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

If you have been waiting for a magical pool home in the heart of all the action, this just might be the one! Located in Concord Station right off the 54 cooridor. Offering 6 beds, 3 full baths, just under 3000 sqft and positioned perfectly in a culdesac. You could not possibly ask for more with this home. Gourmet kitchen with new stainless steel appliances, granite counters, tile floors, work space, dinning nook, bar and plenty of room for those extra large parties and guests. Its truly a entertainers delight! The living space offers many options. 2 large living rooms both downstairs and what could be a bonus room upstairs. Use it as a theater room or game room or large office. After all there are 5 other bedrooms! One bedroom and bathroom are located downstairs. The master suite is expansive and offers 2 walk-in closets, a lovely master bath with double sinks and seperate shower and tub. Dont worry about carrying that laundry up and down the stairs, the laundry room is upstairs with all the bedrooms for your convieance! Lets not forget about the gorgeous pool, spa and BBQ area! The ambieance of the outdoor lighting is enough to sell you the first time you walk out on the covered patio on a mid summer Florida evening. Control all the lighting and the brand new pool heater, and spa at your finger tips with your phone! Out to dinner and want a nice hot spa when you get home? Just click the button on your phone! Location is key with this property. Many new restraunts, bars and shopping within 5 minutes! Don't hesitate on this home, it will be gone! Come and take your personal tour today!!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Concord Station

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k487k

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

Neighborhood: Concord Station

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
Oakstead Elementary School Primary Regular 1,164 79 9
Charles S. Rushe Middle School Middle Regular 1,325 74 7
Sunlake High School High Regular 1,740 95 8

Oakstead Elementary School

  • Education Level: Primary
  • # of students: 1,164
  • # of teachers: 79
9
GreatSchools Rating

Charles S. Rushe Middle School

  • Education Level: Middle
  • # of students: 1,325
  • # of teachers: 74
7
GreatSchools Rating

Sunlake High School

  • Education Level: High
  • # of students: 1,740
  • # of teachers: 95
8
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,476
Property Tax -$758
Property Insurance -$211
HOA -$14
Property Management Fees -$129
CASH FLOW
-$188

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.

$425,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.4%
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-$5.0k$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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,380

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,475
$2,475
RENT COMPS ANALYSIS
  • 18207 Lytham Ct Land O Lakes, FL 2
    • 6 beds 3 baths ∙ 2,994 Sqft ∙ Built 2007 6 beds 3 baths ∙ 2,994 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.80
    •  
  • 3331 Marble Crest Dr Land O Lakes, FL 1
    • 5 beds 3 baths ∙ 2,998 Sqft ∙ Built 2009 5 beds 3 baths ∙ 2,998 Sqft ∙ Built 2009
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 3536 Marmalade Ct Land O Lakes, FL 3
    • 6 beds 3 baths ∙ 3,029 Sqft ∙ Built 2011 6 beds 3 baths ∙ 3,029 Sqft ∙ Built 2011
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.82
    •  
PROPERTY LISTING DETAILS
Amanda Alexander
1.727.871.0515
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830238
Last Updated: 01/28/2021
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