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

25222 Conestoga Dr Land O Lakes, FL 34639

4 Beds 3 Baths 2,238 sqft Built 2000

INVESTimate

$299,900

List Price

$1,800

$1,620 - $1,980

Rent Est.

$320,803  ( +6.97%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $134.00
  • 5 Days on Market
  • MLS # : T3260763
  • Updated Date : 08/22/2020 at 11:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,238 sqft
  • Baths : 3 full
Listing Agent

Signature Realty Associates

Listing Agent's Description

The perfect place to call your Home! Situated on large fenced Conservation Lot with over sized screened covered lanai! Home features 2,238 sq ft of very spacious living space, 4 bedrooms, 3 bath plus 3 car garage. Large master with his & hers walk-in closets. His & hers granite vanity areas in master bath. Formal living room and dining room with engineered hard wood floors. Spacious kitchen with 42 inch cabinets, granite counter tops, stainless steel appliances, plenty of eat in space, breakfast bar, updated waterproof wood laminate flooring. Slider to large 26x12 covered screened lanai. Kitchen opens up to large family room great for entertaining! Tons of community amenities, pool, sports courts, playground, fitness and much more! Close to all I-75/275, great restaurants, shopping, outlet mall!

SEE MORE

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

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,620$1,980$1,800

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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 $1,800
EXPENSES Loan Payment -$1,107
Property Tax -$348
Property Insurance -$167
HOA -$58
Property Management Fees -$80
CASH FLOW
$41

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.

$299,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.97%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$30,516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7654$1,8005$2,100
$2,100
RENT COMPS ANALYSIS
  • 25222 Conestoga Dr Land O Lakes, 4
    • 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 24801 Permit Way Land O Lakes, 1
    • 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 2001
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 25741 Crippen Dr Land O Lakes, 2
    • 4 beds 3 baths ∙ 1,958 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,958 Sqft ∙ Built 2005
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 24807 Permit Way Land O Lakes, 3
    • 5 beds 3 baths ∙ 2,222 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,222 Sqft ∙ Built 2001
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.79
    •  
  • 3205 Macintosh Rd Land O Lakes, 5
    • 3 beds 2 baths ∙ 2,368 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,368 Sqft ∙ Built 2016
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
PROPERTY LISTING DETAILS
Christina Barone
1.813.689.3115
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260763
Last Updated: 08/22/2020
BESbswy