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22404 Red Jacket Ln Land O Lakes, FL 34639

4 Beds 2 Baths 2,114 sqft Built 2001

$323,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $153.22
  • 3 Days on Market
  • MLS # : T3274262
  • Updated Date : 11/06/2020 at 09:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,114 sqft
  • Baths : 2 full
Listing Agent

Re/max Advantage Realty

Listing Agent's Description

One Owner oversized pool home in gated community Landings of Bell Lake with 4 bedrms 2 full baths. Laminate & Ceramic flooring brand new roof open kitchen floor plan with newer stainless appliances.

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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: Landings at Bell Lake

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $85k375k

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

Neighborhood: Landings at Bell Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781895

* 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
 

$291,510$356,290$323,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,195
Property Tax -$358
Property Insurance -$159
HOA -$6
Property Management Fees -$80
CASH FLOW
-$59

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.

$323,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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$91,584

INVESTMENT

$91,584

Down Payment
$80,975
Rehab Estimate
$5,750
Closing Costs
$4,859

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,975
Loan Amount $242,925
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$21,714

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,876

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7403$1,7504$1,7955$1,825
$1,825
RENT COMPS ANALYSIS
  • 22404 Red Jacket Ln Land O Lakes, FL 2
    • 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,114 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.82
    •  
  • 22750 Marsh Wren Dr Land O Lakes, FL 1
    • 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,956 Sqft ∙ Built 2000
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 4203 Wharton Way Land O Lakes, FL 3
    • 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 2002
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 22373 Stillwood Dr Land O Lakes, FL 4
    • 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1987
    property image
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 22814 Sills Loop Land O Lakes, FL 5
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1998
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.91
    •  
PROPERTY LISTING DETAILS
Bruce Wilde, Ii
1.727.845.4321
Re/max Advantage Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274262
Last Updated: 11/06/2020
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