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

22612 Marsh Wren Dr Land O Lakes, FL 34639

3 Beds 2 Baths 1,610 sqft Built 2002

$245,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $152.17
  • 5 Days on Market
  • MLS # : T3274413
  • Updated Date : 11/06/2020 at 17:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Advantage

Listing Agent's Description

HIGHEST AND BEST...MULTIPLE OFFERS...WELCOME TO YOUR NEW HOME. This gorgeous MOVE IN READY 3 bedroom, 2 full bathrooms, 2 car garage, 1610 SF, 2002 build property-is located in the desirable Sable Ridge community. Beginning with the exterior you are greeted with a meticulously maintained lawn, freshly painted exterior, and PVC fencing. Once you enter the property you notice the freshly painted interior along with the High-end quality laminate flooring that flows throughout the home with the exception of the wet areas that have tile flooring. No carpet here. The kitchen that includes an island, Corian countertops, pantry, and kitchenette overlooks the family room creating that open floorplan concept. The Master Suite has a spacious walk-in closet, dual sinks, garden tub, and separate shower. Vaulted ceilings. Plus a Lanai and large back yard. Low HOA, No CDD. Top-rated schools. Nearby restaurants, the new outlets, and highways. All priced under 250K. Make your appointment today... 3D virtual link...https://my.matterport.com/show/?m=sV9rHSioYGr&brand=0

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: Sable Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Neighborhood: Sable Ridge

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
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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$904
Property Tax -$271
Property Insurance -$130
HOA -$48
Property Management Fees -$80
CASH FLOW
-$13

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.

$245,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.2%
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$100k$200k$300k$400k$500k$600k$700k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$20,069

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,433

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,5953$1,6504$1,6655$1,695
$1,695
RENT COMPS ANALYSIS
  • 22612 Marsh Wren Dr Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.88
    •  
  • 22728 Roderick Dr Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2001
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 4744 Burlington Rd Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1990
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 4715 Canterbury Dr Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1987
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.91
    •  
  • 22750 Marsh Wren Dr Land O Lakes, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Vickie Mitchell
1.813.625.7525
Realty One Group Advantage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274413
Last Updated: 11/06/2020
BESbswy