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22247 Laver Ln Land O Lakes, FL 34639

3 Beds 3 Baths 1,788 sqft Built 1989

$279,999

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $156.60
  • 2 Days on Market
  • MLS # : T3275044
  • Updated Date : 11/07/2020 at 07:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,788 sqft
  • Baths : 2 full , 1 half
Listing Agent

Spirit Realty Of Fl

Listing Agent's Description

In desirable Lake Padget Estates with access to 3 community lakes and park. Nice 3 bedroom, 2.5 bath home with 2 car attached garage and fenced back yard. Large bedrooms, split floor plan, formal dining, formal living, family room, area for breakfest table and separate breakfeat bar. Glass doors in family room with fireplace, and oversized hide-a-way glass doors that open up to the covered patio in living room. This home has so much potential, dont miss out. Roof replaced 12/2011, AC replaced 7/2019, water softener replaced 11/2019, new kitchen cabinets and counter tops 11/2019, sump pump approx 1 year old, exterior of home was painted within the last year. All appliances convey including washer and dryer as well as all ceiling fans, blinds and window coverings. Master bath needs updating.

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: Tennis Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Neighborhood: Tennis Club Estates

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
Lake Myrtle Elementary School Primary Regular 665 48 6
Charles S. Rushe Middle School Middle Regular 1,325 74 7
Sunlake High School High Regular 1,740 95 8

Lake Myrtle Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 48
6
GreatSchools Rating

Charles S. Rushe Middle School

  • Education Level: Middle
  • # of students: 1,325
  • # of teachers: 74
7
GreatSchools Rating

Sunlake High School

  • Education Level: High
  • # of students: 1,740
  • # of teachers: 95
8
GreatSchools Rating
 

$251,999$307,999$279,999

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,033
Property Tax -$361
Property Insurance -$140
Property Management Fees -$80
CASH FLOW
-$44

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.

$279,999

PROJECTED PRICE

$1,570

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.0%
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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $209,999
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$19,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,632

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,6753$1,6954$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 22247 Laver Ln Land O Lakes, FL 1
    • 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.88
    •  
  • 3816 Fieldflower Ct Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1974
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.91
    •  
  • 22750 Marsh Wren Dr Land O Lakes, FL 3
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 2000
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 22622 Marsh Wren Dr Land O Lakes, FL 4
    • 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2002
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.96
    •  
  • 22373 Stillwood Dr Land O Lakes, FL 5
    • 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1987
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
PROPERTY LISTING DETAILS
Laura Bloomer
1.813.541.9234
Spirit Realty Of Fl
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275044
Last Updated: 11/07/2020
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