Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

22403 Panther Run Ct Land O Lakes, FL 34639

3 Beds 2 Baths 2,365 sqft Built 2005

$375,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $158.56
  • 3 Days on Market
  • MLS # : T3280220
  • Updated Date : 12/12/2020 at 19:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,365 sqft
  • Baths : 2 full
Listing Agent

Re/max Dynamic

Listing Agent's Description

This STUNNING custom built beauty features lavish upgrades and impeccable architectural details throughout. Upon entering, you will immediately notice the soaring ceilings, the columns, GLEAMING WOOD FLOORS, and the gorgeous stone fireplace perched in the living room. The formal dining room features chair rails and TRAY CEILING. The SPACIOUS GOURMET kitchen is equipped with STAINLESS STEEL APPLIANCES, granite counter tops, beautiful white cabinets, chic tiled backsplash, and a breakfast bar. The master suite includes a luxurious master bath with huge walk-in shower, and expansive dual sink vanity. The home includes 2 additional bedrooms and a large guest bath. Upstairs you have a LARGE BONUS ROOM that offers ample space for entertaining. Other notable features include NEW SMART water heater, New HVAC system, and New water softener. The outdoor living space is a dream with a firepit! Just through the French doors you have a LARGE, SCREENED LANAI overlooking the HUGE private backyard with NEW VINYL FENCING! Perfect for a potential dream pool! This custom built luxury home is true paradise!

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: Panther Run

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Neighborhood: Panther Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052403

* 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
Pine View Elementary School Primary Regular 653 48 6
Pine View Middle School Middle Regular 924 58 6
Land O' Lakes High School High Magnet 1,700 100 8

Pine View Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 48
6
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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,384
Property Tax -$233
Property Insurance -$174
HOA -$22
Property Management Fees -$129
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.

$375,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.50%

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$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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$30,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,762

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8903$1,9004$1,9005$2,050
$2,050
RENT COMPS ANALYSIS
  • 22403 Panther Run Ct Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 2,365 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,365 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.80
    •  
  • 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
    •  
  • 7620 Eleanor Wood Ct Land O Lakes, FL 3
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2005
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
  • 5810 Candytuft Pl Land O Lakes, FL 4
    • 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
    •  
  • 7031 Moss Ledge Run Land O Lakes, FL 5
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2005
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.83
    •  
PROPERTY LISTING DETAILS
Andrew Duncan
1.813.501.3939
Re/max Dynamic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280220
Last Updated: 12/12/2020
BESbswy