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2302 Livorno Way Land O Lakes, FL 34639

4 Beds 3 Baths 2,392 sqft Built 2015

INVESTimate

$324,000

List Price

$2,110

$1,899 - $2,321

Rent Est.

$343,278  ( +5.95%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $135.45
  • 6 Days on Market
  • MLS # : T3260376
  • Updated Date : 08/21/2020 at 20:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,392 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mihara & Associates Inc.

Listing Agent's Description

CHOICE location & in the Heart of Land O' Lakes! This GORGEOUS Craftsman style 4/2.5/2 home is tucked back in just off of 54 close enough for convenience but far enough for serenity! Close to the Outlet Mall, Furniture Stores, Eateries, Dentist, Banks, Publix, Walgreens, Highways, Medical Facilities, Pet Care, Movies, Entertaining & much more! Fabulous curb appeal with a MANICURED homesite. As you walk in, the staircase is tucked off to the side & out of view. Huge Great Room with plenty of windows & 3 door slider to bring in NATURAL lighting. No carpet on first floor! Nice size Living & Dining complemented with Powder Bath areas great for entertaining, holidays & family fun. Well equipped Kitchen with STAINLESS STEEL appliances & sink, GRANITE countertops, gorgeous herringbone BACKSPLASH & matching tile on Kitchen island, LARGE Kitchen island great for serving & entertaining, & WALK-IN pantry with SPICE RACK. 4 split bedrooms upstairs complemented with a nice size Loft which can be used as workspace, media room, gaming, & more! Spacious Master Suite with en-suite including long double vanity with plenty of cabinet space, separate soaking tub & shower, water closet & LARGE WALK-IN closet. Roomy 3 secondary bedrooms! Laundry Room is located on the second floor for convenience! Stairs & 2nd floor carpeted for that warm & fuzzy feel. Fenced in backyard, great for family fun & pets! Nice size Lanai with upgraded pavers for Barbeques. Call today to schedule your PRIVATE showing to see this GORGEOUS home!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 34639

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Zip Code: 34639

ZipNIR 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
Denham Oaks Elementary School Primary Regular 703 53 7
Cypress Creek Middle High School Middle Regular NA
Cypress Creek Middle High School High Regular NA

Denham Oaks Elementary School

  • Education Level: Primary
  • # of students: 703
  • # of teachers: 53
7
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Cypress Creek Middle High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$291,600$356,400$324,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,195
Property Tax -$480
Property Insurance -$176
HOA -$58
Property Management Fees -$80
CASH FLOW
$121

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.

$324,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.95%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,610

INVESTMENT

$91,610

Down Payment
$81,000
Rehab Estimate
$5,750
Closing Costs
$4,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% 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 $81,000
Loan Amount $243,000
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$40,688

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,093

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,9853$2,1104$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 2302 Livorno Way Land O Lakes, 3
    • 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.88
    •  
  • 3132 Sago Point Ct Land O Lakes, 1
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2003
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.89
    •  
  • 23149 Eagles Watch Dr Land O Lakes, 2
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1999
    LEASED 04/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.86
    •  
  • 23248 Cypress Trail Dr Lutz, 4
    • 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1998
    LEASED 04/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.94
    •  
  • 23880 Campania Pass Land O Lakes, 5
    • 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2014
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
PROPERTY LISTING DETAILS
Lisa Carroll
1.813.205.7337
Mihara & Associates Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260376
Last Updated: 08/21/2020
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