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21356 Wistful Yearn Dr Land O Lakes, FL 34637

3 Beds 2 Baths 1,614 sqft Built 2017

$274,380

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $170.00
  • 3 Days on Market
  • MLS # : T3274193
  • Updated Date : 11/06/2020 at 12:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,614 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Immaculate MOVE IN READY HOME. 3 Bedroom, 2 bath, 2 car garage, single story. As you approach this perfect home you will find the welcoming covered porch and beautiful STONE ELEVATION. Upon entering the foyer on your left is a mail station, an entrance to the 2 car garage and a spacious Laundry room. The Large kitchen features a REVERSE OSMOSIS system, center island with QUARTZ COUNTERTOPS, complimentary BACKSPLASH, STGGERED CABINETS, Fridge, gas range, microwave and dishwasher. Kitchen opens up to a kitchenette and spacious family room perfect for entertaining and holiday gatherings. The COVERED SCREENED in LANAI opens to a serene CONSERVATION homesite with an oversized fenced backyard. This perfect backyard is awaiting your personalization to create your own beautiful Oasis The owners suite features walk in closet, painted cabinets, his and her sinks, Upgraded his & her Framed mirrors, custom light fixtures, Quartz Countertops and a private water closet. Two additional bedrooms and a full bath also featuring Quartz Countertop complete this beautiful home. UPGRADES include, Tile throughout the home, Quartz Countertops, Back splash, Tankless Gas Water heater, screened lanai, PVC deck on lanai, oversized conservation homesite, fenced yard, Culligan water softener, reverse Osmosis system, upgraded painted cabinets in Master bathroom & secondary bathroom, decorative drawer pulls and knobs on cabinetry, custom lighting throughout the home, custom window treatments, and ceiling fans. The award winning community of Connerton is a master planned community with a balance of Nature preserve & Resort Style Living. Nature preserve features bike trails, lakes & wetlands. The Lifestyle community features a splash park, pool, fitness center, beach volleyball, basketball courts and a monthly calendar of fun for all ages. Café at Crossvine, an internet café on Connerton Blvd & coming soon a Lap Pool. This is a golf cart friendly community. Call today to schedule a personal tour or virtual showing.

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: Connerton Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k485k

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

Neighborhood: Connerton Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052100

* 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
 

$246,942$301,818$274,380

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,012
Property Tax -$428
Property Insurance -$130
HOA -$91
Property Management Fees -$80
CASH FLOW
-$51

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.

$274,380

PROJECTED PRICE

$1,690

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.7%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,461

INVESTMENT

$78,461

Down Payment
$68,595
Rehab Estimate
$5,750
Closing Costs
$4,116

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,012

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,595
Loan Amount $205,785
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$17,251

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,707

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,6804$1,6905$1,800
$1,800
RENT COMPS ANALYSIS
  • 21356 Wistful Yearn Dr Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.05
    •  
  • 7951 Endless Summer Ct Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 2003
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
  • 21371 Wistful Yearn Dr Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2017
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.10
    •  
  • 7847 Foxgrove Dr Land O Lakes, FL 3
    • 4 beds 3 baths ∙ 1,807 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,807 Sqft ∙ Built 2006
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.93
    •  
  • 21247 Wistful Yearn Dr Land O Lakes, FL 5
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 2017
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.12
    •  
PROPERTY LISTING DETAILS
Susan Najar
1.813.545.8319
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274193
Last Updated: 11/06/2020
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