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

23208 Emerson Way Land O Lakes, FL 34639

4 Beds 2 Baths 2,099 sqft Built 1999

$355,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $169.13
  • 6 Days on Market
  • MLS # : W7828815
  • Updated Date : 12/03/2020 at 06:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,099 sqft
  • Baths : 2 full
Listing Agent

Gulf Coast Fishing Homes Rlty

Listing Agent's Description

WOW beautiful waterfront home with lots of recent upgrades, new roof 2020, new windows 2020, 50 gal water heater new in 2015, custom electric lift to storage area in garage. Kitchen has granite counters, cherry cabinets and ss appliances. Open floor plan with separate dining areas plus bkfst nook. Master suite has ensuite bath with separate shower and relaxing garden tub. split bedroom plan with separate remodeled bath includes new cabinets, counter top, bamboo vessel sink and new plumbing fixtures. Convenient interior laundry. Patio area includes screened lanai and custom built awesome patio bar. Salt water pool system. Water softener to whole house. Home is located with view of 3 ponds so no back yard neighbors. Exterior landscaping includes landscape borders and swaying palms. This one you must see.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,310
Property Tax -$393
Property Insurance -$158
HOA -$48
Property Management Fees -$129
CASH FLOW
-$218

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.

$355,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.51%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,842

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,8004$1,8205$1,825
$1,825
RENT COMPS ANALYSIS
  • 23208 Emerson Way Land O Lakes, FL 4
    • 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.87
    •  
  • 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 2
    • 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
    •  
  • 22939 Sills Loop Land O Lakes, FL 3
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1998
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 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
Denise Assersohn
1.407.709.6174
Gulf Coast Fishing Homes Rlty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828815
Last Updated: 12/03/2020
BESbswy