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22422 Stillwood Dr Land O Lakes, FL 34639

3 Beds 2 Baths 1,425 sqft Built 1990

$309,999

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $217.54
  • 2 Days on Market
  • MLS # : W7830954
  • Updated Date : 02/20/2021 at 12:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,425 sqft
  • Baths : 2 full
Listing Agent

Florida Cracker Properties

Listing Agent's Description

Come and relax by your new pool home in Lake Padgett Estates. This home offers Three bedrooms, two baths with a two car garage, with a huge 18 x 26 Florida room with separate heat and air that's not included in square footage. The kitchen features stainless steel appliances and granite countertops with wood tile floors The home has a split floorplan and bathrooms have been updated. The fenced in backyard is great for entertaining and has plenty of privacy. There is a Covered patio with concrete floor that was completed in 2017, new windows installed in 2017, pool resurfaced in 2016 with a transferable warranty, Air conditioner installed in 2017 and Air conditioner in Florida Room installed in 2016. Spetic tank has been pumped and a new lift station in 2018. The community offers 3 ski lakes with beaches and pavilion's, horse stables, tennis courts and playgrounds. Great location. Home has easy access to Suncoast Parkway, I-75 and I -275. Plenty of places to shop with the new Tampa Premium outlets and all the yummy restaurants within a few miles from this home.

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: Lake Padgett Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k415k

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

Neighborhood: Lake Padgett 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
 

$278,999$340,999$309,999

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,077
Property Tax -$397
Property Insurance -$119
Property Management Fees -$129
CASH FLOW
-$12

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.

$309,999

PROJECTED PRICE

$1,710

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 8.7%
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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,499
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$21,923

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,411

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,075
1$1,0752$1,2503$1,6854$1,7105$1,799
$1,799
RENT COMPS ANALYSIS
  • 22422 Stillwood Dr Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.20
    •  
  • 22786 Penny Loop Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1984
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $1.00
    •  
  • 22748 Penny Loop Land O Lakes, FL 2
    • 4 beds 2 baths ∙ 1,305 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,305 Sqft ∙ Built 1984
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 22727 Sills Loop Land O Lakes, FL 3
    • 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,736 Sqft ∙ Built 1997
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.97
    •  
  • 22027 Bass Pl Land O Lakes, FL 5
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 1973
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jennifer Boyette
1.352.345.8151
Florida Cracker Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830954
Last Updated: 02/20/2021
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