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2219 Tioga Dr Land O Lakes, FL 34639

3 Beds 2 Baths 2,044 sqft Built 1991

$285,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $139.43
  • 3 Days on Market
  • MLS # : T3289917
  • Updated Date : 02/12/2021 at 14:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,044 sqft
  • Baths : 2 full
Listing Agent

Re/max Premier Group

Listing Agent's Description

Do not miss your opportunity to own this absolutely charming 3 bedroom, 2 bath, home with 2,044 sq. ft. of living space. Located in the highly sought after community of Twin Lake with NO CDD. Perfectly spacious open floor plan with a separate living/dining area and a large family room featuring vaulted ceilings. The large kitchen offers a breakfast bar, plenty of cabinets and countertops. The master bedroom features vaulted ceilings and the master bath has a walk in shower, double sinks, and garden tub. You will enjoy the huge covered screened lanai with a oversized in-ground jacuzzi. This community offers a community pool and playground area. This is a great location with easy access to I-75 and convenient to shopping and restaurants including the Tampa Premium Outlets. Schedule your private showing today!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Twin Lake

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Neighborhood: Twin Lake

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
Denham Oaks Elementary School Primary Regular 703 53 7
Cypress Creek Middle High School Middle Regular NA
Cypress Creek Middle High School High Regular NA

Denham Oaks Elementary School

  • Education Level: Primary
  • # of students: 703
  • # of teachers: 53
7
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

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

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$990
Property Tax -$315
Property Insurance -$155
HOA -$53
Property Management Fees -$129
CASH FLOW
$18

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

$1,660

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 8.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$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 50% 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

6.67

YEARS SAVED

$22,484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,758

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,7453$1,7494$1,7495$1,775
$1,775
RENT COMPS ANALYSIS
  • 2219 Tioga Dr Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.81
    •  
  • 24424 Painter Dr Land O Lakes, FL 2
    • 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 1993
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.85
    •  
  • 24329 Twin Lake Dr Land O Lakes, FL 3
    • 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 1992
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.86
    •  
  • 2247 Tioga Dr Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 1991
    property image
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.86
    •  
  • 2342 Tioga Dr Land O Lakes, FL 5
    • 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 1992
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.87
    •  
PROPERTY LISTING DETAILS
Nora Roebuck
1.813.929.7600
Re/max Premier Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289917
Last Updated: 02/12/2021
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