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25929 Terrawood Loop Land O Lakes, FL 34639

3 Beds 2 Baths 1,340 sqft Built 2005

$239,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $178.36
  • 3 Days on Market
  • MLS # : T3283612
  • Updated Date : 01/08/2021 at 12:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,340 sqft
  • Baths : 2 full
Listing Agent

More Homes Llc

Listing Agent's Description

One or more photo(s) has been virtually staged. 2 VIRTUAL TOUR LINKS AVAILABLE :) Welcome to this beautiful 3 bedroom 2 bathroom home located in the Grand Oaks of Land O Lakes Community! Prime location near I75 off of Wesley Chapel Blvd just minutes from the Tampa Premium Outlets & The Grove of Wesley Chapel with plenty of eateries and businesses to support in between. This property features an open floor plan concept with a kitchen facing the living room dining room area. As you walk in, to the left you will have the hallway that leads to the first and second bedroom as well as the full bath and laundry room. The Master bedroom is located on the backside of the home which gives you plenty of privacy. This is the perfect home for any family or individual looking be in a quiet, family friendly community. Low HOA and no CDD!! Community amenities include a pool, spa, fitness center, basketball court, playground, beach volleyball, swing set, playground, and a clubhouse, all of which is walking distance from the home. Schedule your showing TODAY and make this homes YOURS!

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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: Grand Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Neighborhood: Grand Oaks

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
Veterans Elementary School Primary Regular 831 56 9
Cypress Creek Middle High School Middle Regular NA
Cypress Creek Middle High School High Regular NA

Veterans Elementary School

  • Education Level: Primary
  • # of students: 831
  • # of teachers: 56
9
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
 

$215,100$262,900$239,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$830
Property Tax -$264
Property Insurance -$114
HOA -$105
Property Management Fees -$129
CASH FLOW
$37

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.

$239,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.4%
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$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$20,762

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,340

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,4804$1,4955$1,600
$1,600
RENT COMPS ANALYSIS
  • 25929 Terrawood Loop Land O Lakes, FL 3
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.10
    •  
  • 25947 Terrawood Loop Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 2005
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.02
    •  
  • 4755 Holdsworth Dr Land O Lakes, FL 2
    • 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 2003
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 5112 Gato Del Sol Cir Wesley Chapel, FL 4
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2002
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.02
    •  
  • 4803 Wessex Way Land O Lakes, FL 5
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2003
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kris Sabio
1.813.418.2804
More Homes Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283612
Last Updated: 01/08/2021
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