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21409 Marsh Hawk Dr Land O Lakes, FL 34638

4 Beds 3 Baths 2,721 sqft Built 2004

$345,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $126.79
  • 2 Days on Market
  • MLS # : W7828218
  • Updated Date : 11/07/2020 at 15:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,721 sqft
  • Baths : 3 full
Listing Agent

Re/max Champions

Listing Agent's Description

The Preserve at Lake Thomas is a sought after gated community located in Land O' Lakes, FL. Residents here are able to enjoy a 167 acre lake with boardwalk to walk/bike around or kayak/fish in. A Low HOA fee, NO CDD fees and great schools makes this the perfect place to call home! This William Ryan home built in 2004 is situated on 0.29 acres and is tucked away from the main street with preserve in the back. As you drive up the long extended driveway take notice of the beautiful landscaping with several palm trees, flowers and fountain. This home offers 4 bedrooms + office + loft with over 2700 sq ft, and tons of upgrades! Popular wood-like tile throughout the entire home- NO CARPET! There is a designated dining room and front great room. The kitchen has been stylishly redone with solid wood cabinets with soft close drawers along with a spice rack and pot and pan drawers. All stainless steel appliances upgraded in 2018. Stunning high level granite countertops offer a ton of space for entertaining and food prep. Bar height counter and cafe area perfect for additional seating and connects to the living room for an open concept floor plan. There is a ton of natural light throughout the main level and the views are totally private! Tucked behind the kitchen is the office or flex space depending on your lifestyle needs. This can be a 5th bedroom if closet installed. A Bedroom, perfect as a guest room, is located on the main level with walk in closet and a renovated bathroom. At the top of the wood staircase is the loft which is perfect as a game room or for movie nights. The 3 large bedrooms offer private views and spacious closets. Master suite is large with tray ceiling and has a beautiful master ensuite with dual sinks, granite countertops, walk in shower and large garden tub. Off of the kitchen, you can open the french doors to the outdoors to enjoy the covered extended lanai. LARGE backyard with private vinyl fence along the preserve. This yard has so many possibilities! AC 2014, water heater 2018. Located near major medical, restaurants, schools, premier shopping and very close to I-275. Be in Tampa in 30 minutes or Orlando/Disney in an hour and 1/2! Local beaches only 30 minutes west. This is truly an area to consider if you are looking to enjoy the Florida life!

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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: Lake Thomas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $91k401k

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

Neighborhood: Lake Thomas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9052258

* 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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,273
Property Tax -$385
Property Insurance -$195
HOA -$95
Property Management Fees -$80
CASH FLOW
$72

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.

$345,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.6%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$37,817

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,109

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,9003$2,1004$2,2005$2,700
$2,700
RENT COMPS ANALYSIS
  • 21409 Marsh Hawk Dr Land O Lakes, FL 3
    • 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,721 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 5650 Sweet William Ter Land O Lakes, FL 1
    • 3 beds 3 baths ∙ 2,482 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,482 Sqft ∙ Built 2008
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.70
    •  
  • 5810 Candytuft Pl Land O Lakes, FL 2
    • 4 beds 3 baths ∙ 2,665 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,665 Sqft ∙ Built 2006
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.71
    •  
  • 4836 Walnut Ridge Rd Land O Lakes, FL 4
    • 4 beds 3 baths ∙ 2,755 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,755 Sqft ∙ Built 2005
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 21213 Lake Talia Blvd Land O Lakes, FL 5
    • 5 beds 4 baths ∙ 3,049 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,049 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.89
    •  
PROPERTY LISTING DETAILS
Kristy Thurber
1.904.271.1950
Re/max Champions
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828218
Last Updated: 11/07/2020
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