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22453 Shoreside Dr Land O Lakes, FL 34639

4 Beds 3 Baths 2,356 sqft Built 1989

$389,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $165.11
  • 2 Days on Market
  • MLS # : U8103219
  • Updated Date : 11/07/2020 at 18:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,356 sqft
  • Baths : 3 full
Listing Agent

Jls Investment Realty

Listing Agent's Description

Stylish 4/3/3 on 1/2 acre across from ski-size East Lake. Enchantment from the moment you pull in the driveway. Manicured garden leads to double door glass entry way and foyer. Spacious Owners Suite features walk in closet, large bath area w/ dual sinks, garden tub & separate shower. Recently remodeled Kitchen hosts white shaker cabinets w/brushed stainless hardware , black & white granite countertops w/ white subway tile backsplash, New dishwasher & updated appliances. Family Room has 18 inch tile, vaulted ceiling & wood burning fireplace . Open floor plan features 2/1/1/ split with the back bedroom and bath forming its own suite. Extra large lot accommodates backyard barbecues & family get togethers. Large 10x16 Storage shed is pre wired for electricity. Great for work shop, play house, She Shed or just plain storage! Lake Padgett offers access to 3 ski lakes, a fishing lake, horse stables & tennis courts. Come see this lovely home today.

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
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,435
Property Tax -$498
Property Insurance -$173
Property Management Fees -$80
CASH FLOW
-$137

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.

$389,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.53%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$20,238

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,232

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$2,0503$2,1254$2,2955$2,450
$2,450
RENT COMPS ANALYSIS
  • 22453 Shoreside Dr Land O Lakes, FL 2
    • 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.87
    •  
  • 3208 Lake Saxon Dr Land O Lakes, FL 1
    • 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1971 3 beds 3 baths ∙ 2,036 Sqft ∙ Built 1971
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.90
    •  
  • 3508 Pendleton Way Land O Lakes, FL 3
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1998
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.98
    •  
  • 22827 Eagles Watch Dr Land O Lakes, FL 4
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2002
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.99
    •  
  • 22641 Eagles Watch Dr Land O Lakes, FL 5
    • 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2002
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.92
    •  
PROPERTY LISTING DETAILS
Sandra Stepanek
1.813.758.0906
Jls Investment Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103219
Last Updated: 11/07/2020
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