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24850 Gun Smoke Dr Land O Lakes, FL 34639

3 Beds 2 Baths 1,440 sqft Built 1999

$247,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $172.15
  • 6 Days on Market
  • MLS # : T3273516
  • Updated Date : 11/02/2020 at 12:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,440 sqft
  • Baths : 2 full
Listing Agent

Out Fast Realty & Investments Llc

Listing Agent's Description

Welcome Home! This beautiful 3/2 home is located in the highly desired neighborhood of Stagecoach Village, near Wiregrass Mall and Tampa Premium Outlets. As you enter the home you'll find an open concept floor plan, tile floors, and updated kitchen. The master bedroom has a spacious master en suite with dual sinks and updated walk-in closet with built in shelving. The laundry room is located inside of the home for your convenience. The neighborhood amenities include a community pool, gym, basketball courts, and volleyball court. Perfect location, near shops, supermarkets, and I-75. You're not going to want to miss this home! Come see it for yourself! Seller is requesting Highest and best by end of day Tuesday, November 3rd.

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: Stagecoach Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Neighborhood: Stagecoach Village

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
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
 

$223,110$272,690$247,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$915
Property Tax -$274
Property Insurance -$120
HOA -$58
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.

$247,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.0%
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$900k

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$71,444

INVESTMENT

$71,444

Down Payment
$61,975
Rehab Estimate
$5,750
Closing Costs
$3,719

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$915

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,975
Loan Amount $185,925
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$23,116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,472

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,4604$1,4955$1,600
$1,600
RENT COMPS ANALYSIS
  • 24850 Gun Smoke Dr Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.01
    •  
  • 25012 Hyde Park Blvd Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2000
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.02
    •  
  • 24813 Permit Way Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2001
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.02
    •  
  • 24801 Black Creek Ct Land O Lakes, FL 4
    • 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1998
    LEASED 05/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.04
    •  
  • 3425 Canteen Ct Land O Lakes, FL 5
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1999
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Gisselle Benitez
1.813.428.4758
Out Fast Realty & Investments Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273516
Last Updated: 11/02/2020
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