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19042 Dunlap Ct Land O Lakes, FL 34638

3 Beds 2 Baths 1,257 sqft Built 2005

$210,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $167.06
  • 3 Days on Market
  • MLS # : T3277304
  • Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,257 sqft
  • Baths : 2 full
Listing Agent

Realtopia

Listing Agent's Description

Jump on this one fast it is an amazing open floorplan on a beautiful fenced lot! Take a tour of this BEAUTIFUL one-story home that offers 3-bedroom, 2 baths with lots of charm and style. This was built in 2005 offers almost 1,300 of living space, spacious 2-car garage with recently updated new AC unit. As soon as you enter you will see a screen to the main door, inside features include a cozy and open formal living/dining room with tiles throughout wet area. The dining room overlooks the kitchen area that features LIKE NEWER granite counters UPDATED beautiful BLONDE cabinets (1.5 year old), LIKE NEW stainless-steel appliances (2 years old). The kitchen area has NEW and easy to use sliding doors that has inbuilt sun shades which opens with view to a nice decent size backyard. The master bedroom is spacious, master bathroom includes full bath with garden tub and updated vanity (3.5 years old). The secondary bedrooms are nicely sized and comfortable. The secondary bathroom has updated vanity (1.5 year old). The spacious yard with a huge tree is fenced for your privacy. This home also features a security system and ring door bell. LOW HOA FEES AND NO CDD. The neighborhood amenities include playground, park, tennis court, and basketball court. Spend time with your family and neighbors in community events by Asbel Creek association!! Conveniently located close to restaurants, shopping, schools, veteran's expressway and much more. Come See your New Home Today in person or easy to show live or virtually!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Asbel Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k391k

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

Neighborhood: Asbel Creek

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
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$775
Property Tax -$239
Property Insurance -$109
HOA -$57
Property Management Fees -$80
CASH FLOW
$181

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.

$210,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

10.67

YEARS SAVED

$38,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,254

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4403$1,4504$1,4955$1,510
$1,510
RENT COMPS ANALYSIS
  • 19042 Dunlap Ct Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.15
    •  
  • 9632 Jaybird Ln Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 2013
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.05
    •  
  • 18934 Randall Pl Land O Lakes, FL 3
    • 3 beds 3 baths ∙ 1,545 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,545 Sqft ∙ Built 2009
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
  • 9722 Simeon Dr Land O Lakes, FL 4
    • 3 beds 3 baths ∙ 1,531 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,531 Sqft ∙ Built 2007
    LEASED 07/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 10145 Perthshire Cir Land O Lakes, FL 5
    • 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 2006
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.02
    •  
PROPERTY LISTING DETAILS
Michael Green, Jr
1.813.853.3507
Realtopia
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277304
Last Updated: 11/21/2020
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