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3256 Herne Bay Ct Land O Lakes, FL 34638

4 Beds 2 Baths 1,755 sqft Built 2009

$300,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $170.94
  • 3 Days on Market
  • MLS # : T3295533
  • Updated Date : 03/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,755 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tampa Prop.

Listing Agent's Description

Just Listed! Beautiful home with a extra large lot that is located on a Cul-De-Sac with pond views! Come check out this beautiful 4 bedroom, 2 bath home in Concord Station. This home has a open and split floorplan. The kitchen features granite countertops, wood cabinets, stainless appliances, and large breakfast bar. Both living room and dining room have laminate flooring. There entire home has plenty of windows for natural lighting. Master bedroom has ceiling, walk-in closets, and large windows that overlook the pond. Master bathroom has walk-in shower, garden tub, granite countertop and dual sinks. screened in and covered patio. Oversized backyard is completely fenced and has sprinklers. Laundry room built-in cabinets. Home has a Ring doorbell and Sensi digital thermostat. 3 car garage - tandem. This home won't last long so stop by and see this beauty today.

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: Concord Station

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k487k

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

Neighborhood: Concord Station

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
Oakstead Elementary School Primary Regular 1,164 79 9
Charles S. Rushe Middle School Middle Regular 1,325 74 7
Sunlake High School High Regular 1,740 95 8

Oakstead Elementary School

  • Education Level: Primary
  • # of students: 1,164
  • # of teachers: 79
9
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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,042
Property Tax -$535
Property Insurance -$138
HOA -$14
Property Management Fees -$129
CASH FLOW
-$149

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.

$300,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,968

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,790

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7104$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 3256 Herne Bay Ct Land O Lakes, FL 3
    • 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.97
    •  
  • 3031 Downan Point Dr Land O Lakes, FL 1
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2005
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 3220 Gianna Way Land O Lakes, FL 2
    • 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2005
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 18216 Atherstone Trl Land O Lakes, FL 4
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2012
    property image
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 3356 Rennes Ct Land O Lakes, FL 5
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 2006
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.06
    •  
PROPERTY LISTING DETAILS
Yael Hatfield
1.727.771.5474
Keller Williams Tampa Prop.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295533
Last Updated: 03/13/2021
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