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19340 Timberbluff Dr Land O Lakes, FL 34638

4 Beds 3 Baths 1,878 sqft Built 2008

$285,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $151.76
  • 2 Days on Market
  • MLS # : U8110175
  • Updated Date : 01/16/2021 at 21:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,878 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful 2 story home on large corner lot! 4 bedrooms, 2.5 bathrooms & 2 car garage. Enter into the very spacious living/dining room combo, nice high ceilings throughout, plenty of room for family & friends! The dining area is also a good size and can easily fit a full size dining set! Kitchen is very nice with wood cabinets, stainless appliances, breakfast bar & pantry, lots of room for the Chef! Downstairs there is also a half bathroom, a huge closet under the stairs, 2 car garage with door opener!! Upstairs the master is very large with elegant double tray ceilings and perfect for relaxing, and also has a walk-in closet! The master bath has a garden tub, separate shower and nice vanity. The other 3 bedrooms are all decent sizes with ample closet space and are conveniently served by the other full bath with tub & shower. This home has a large back yard, perfect for family fun or pets and the location is excellent, just a quick commute to Tampa, shops, dining, outlet mall and Tampa International airport.

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: Tierra del Sol

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k463k

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

Neighborhood: Tierra del Sol

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$990
Property Tax -$324
Property Insurance -$146
HOA -$50
Property Management Fees -$129
CASH FLOW
-$88

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.

$285,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,268

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,554

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5004$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 19340 Timberbluff Dr Land O Lakes, FL 4
    • 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.83
    •  
  • 18911 Sunterra Dr Land O Lakes, FL 1
    • 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 2007
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 9738 Simeon Dr Land O Lakes, FL 2
    • 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 2008
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.80
    •  
  • 19412 Timberbluff Dr Land O Lakes, FL 3
    • 3 beds 3 baths ∙ 1,719 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,719 Sqft ∙ Built 2006
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.87
    •  
  • 9124 Gablewood Pl Land O Lakes, FL 5
    • 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 2005
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kristin Washington
1.813.484.2774
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8110175
Last Updated: 01/16/2021
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