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

18406 Fish Loop Land O Lakes, FL 34638

4 Beds 3 Baths 2,645 sqft Built 2011

$325,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $122.87
  • 4 Days on Market
  • MLS # : T3284407
  • Updated Date : 01/15/2021 at 13:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,645 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Tampa Prop.

Listing Agent's Description

Make this spacious home in booming Land O Lakes your retreat from the busy world! With no rear neighbors, and a charming pond right in your backyard, this 4-bedroom, 2.5-bath house offers breathtaking views from every angle. The double entry front doors lead into a quiet sitting area, as well as an open-concept kitchen and living room. Start your mornings with a cup of coffee at the breakfast table and enjoy a lovely view of the birds and trees. The efficient kitchen flows nicely into an expansive living room, and then out to a cute patio with a paddle fan. The master suite has tons of space, a walk-in closet. and an attached master bath with two vanities, a walk-in shower, and garden tub. There is new carpet throughout the house that has a 10-year warranty (empire carpet), as well as in the upstairs bonus room, perfect for a home office or exercise space, new Tyvec, stucco and painted ext in 2018, and new 1st story engineered wood flooring 2018. Storage abounds in the laundry room lined with shelves, as well as in extra closets, and a two-car garage. This great lot on a cul-de-sac is in a quiet neighborhood surrounded by nature views, perfect for an escape at the end of the day.

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: Asbel Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k489k

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

Neighborhood: Asbel Estates

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
Connerton Elementary School Primary Regular 973 73 4
Pine View Middle School Middle Regular 924 58 6
Land O' Lakes High School High Magnet 1,700 100 8

Connerton Elementary School

  • Education Level: Primary
  • # of students: 973
  • # of teachers: 73
4
GreatSchools Rating

Pine View Middle School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 58
6
GreatSchools Rating

Land O' Lakes High School

  • Education Level: High
  • # of students: 1,700
  • # of teachers: 100
8
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,129
Property Tax -$329
Property Insurance -$190
HOA -$53
Property Management Fees -$129
CASH FLOW
-$10

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.

$325,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.8%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$22,836

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,832

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,7994$1,8005$1,820
$1,820
RENT COMPS ANALYSIS
  • 18406 Fish Loop Land O Lakes, FL 5
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.69
    •  
  • 9913 Edmonton Dr Land O Lakes, FL 1
    • 5 beds 3 baths ∙ 2,468 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,468 Sqft ∙ Built 2006
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.69
    •  
  • 18452 Red Willow Way Land O Lakes, FL 2
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2009
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.68
    •  
  • 9551 Baton Rouge Ln Land O Lakes, FL 3
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2008
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.72
    •  
  • 9126 Tollison Loop Land O Lakes, FL 4
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 2006
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
PROPERTY LISTING DETAILS
Katrina Madewell
1.813.777.1196
Keller Williams Tampa Prop.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284407
Last Updated: 01/15/2021
BESbswy