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2730 Kristi Ct Land O Lakes, FL 34639

4 Beds 2 Baths 1,100 sqft Built 1982

INVESTimate

$200,000

List Price

$1,120

$1,008 - $1,232

Rent Est.

$211,900  ( +5.95%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $181.82
  • 6 Days on Market
  • MLS # : T3260809
  • Updated Date : 08/25/2020 at 13:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,100 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty South Tampa

Listing Agent's Description

VACANT STAGED Gorgeous completely remodeled home in Land O’ Lakes on over a 1/4 acre just outside Tampa!! 3 bedrooms plus bonus room and 2 full baths. This home has been entirely updated with new 30 year dimensional roof, new kitchen with solid wood white shaker cabinets and Fantasy Brown granite countertops, new undermount sink, new pull out faucet, new A/C system and duct work, new wood looking vinyl plank floors thoroughout (no carpet), new bathroom showers, new tub, new vanities, new blinds, new light fixtures, new paint inside and outside, and more! Open floor plan with family room open to kitchen and eating area. Large bonus room that is 16 x 12 plus inside laundry room. No homeowners association nor deed restrictions and large property great for hobbies and toys. No flood insurance required and No CDD fees. Fabulous location near Collier Parkway, Hwy 54, Tampa Premium Outlets, Shops at Wiregrass, restaurants, Land O’ Lakes recreation center, Publix grocery store, and schools. Easy access to Interstate 75, Dale Mabry, and Suncoast Expressway which make it easy to commute to beaches, airport, downtown, and everything Tampa has to offer. Please call today to schedule an appointment to see this home. Square footage is approximate.

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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

Neighborhood: Lake Padgett South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $64k345k

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

Neighborhood: Lake Padgett South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8381763

* 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
Lake Myrtle Elementary School Primary Regular 665 48 6
Charles S. Rushe Middle School Middle Regular 1,325 74 7
Sunlake High School High Regular 1,740 95 8

Lake Myrtle Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 48
6
GreatSchools Rating

Charles S. Rushe Middle School

  • Education Level: Middle
  • # of students: 1,325
  • # of teachers: 74
7
GreatSchools Rating

Sunlake High School

  • Education Level: High
  • # of students: 1,740
  • # of teachers: 95
8
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$738
Property Tax -$201
Property Insurance -$100
Property Management Fees -$80
CASH FLOW
$1

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.

$200,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.95%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$17,740

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,085

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,075
1$1,0752$1,1203$1,2504$1,350
$1,350
RENT COMPS ANALYSIS
  • 2730 Kristi Ct Land O Lakes, 2
    • 4 beds 2 baths ∙ 1,100 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,100 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $1.02
    •  
  • 22786 Penny Loop Land O Lakes, 1
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1984
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $1.00
    •  
  • 22748 Penny Loop Land O Lakes, 3
    • 4 beds 2 baths ∙ 1,305 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,305 Sqft ∙ Built 1984
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 21513 Northwood Dr Lutz, 4
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1978
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.00
    •  
PROPERTY LISTING DETAILS
Christie Roda
1.813.817.9111
Keller Williams Realty South Tampa
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260809
Last Updated: 08/25/2020
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