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19108 Dunlap Ct Land O Lakes, FL 34638

3 Beds 2 Baths 1,484 sqft Built 2005

$249,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $168.40
  • 5 Days on Market
  • MLS # : T3292105
  • Updated Date : 02/26/2021 at 10:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,484 sqft
  • Baths : 2 full
Listing Agent

Better Homes And Gardens Real Estate Ellie & Assoc

Listing Agent's Description

Ready to move? Come and see this charming 3 bed 2 bath w/OFFICE home, that is perfectly situated on a Cul-De-Sac in Asbel Creek. New exterior paint was completed on 2/20/21! Upon entering in through the front door, one is greeted by lovely floor plan. The living room is the focal point of this house making it ideal for entertaining and small parties. The office is a great use of space to separate work from play. The 2 bedrooms share a bath off of the main hallway from the 2-car garage. The kitchen overlooks the dining room and opens to the screened porch. The master bedroom has a large walk-in closet. The community itself has many features like: basketball courts, volleyball, and playground. NO CDD and LOW HOA. Call us today as this home will not last!

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

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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$868
Property Tax -$284
Property Insurance -$123
HOA -$57
Property Management Fees -$129
CASH FLOW
-$130

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.

$249,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

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

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,339

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,190
1$1,1902$1,3303$1,4194$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 19108 Dunlap Ct Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.90
    •  
  • 10043 Landport Way Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 2005
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.81
    •  
  • 9758 Edmonton Dr Land O Lakes, FL 3
    • 4 beds 3 baths ∙ 1,472 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,472 Sqft ∙ Built 2006
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,419
    • $0.96
    •  
  • 18934 Randall Pl Land O Lakes, FL 4
    • 3 beds 3 baths ∙ 1,545 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,545 Sqft ∙ Built 2009
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
  • 9630 Baton Rouge Ln Land O Lakes, FL 5
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.90
    •  
PROPERTY LISTING DETAILS
Clay Brown
1.813.786.4982
Better Homes And Gardens Real Estate Ellie & Assoc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292105
Last Updated: 02/26/2021
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