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3330 Bellericay Ln Land O Lakes, FL 34638

3 Beds 2 Baths 1,874 sqft Built 2008

INVESTimate

$254,900

List Price

$1,570

$1,413 - $1,727

Rent Est.

$269,251  ( +5.63%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $136.02
  • 2 Days on Market
  • MLS # : T3260969
  • Updated Date : 08/25/2020 at 20:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,874 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

AMAZING OPPORTUNITY to own this meticulously maintained SOLAR POWERED 3 bedroom/2 bath/2 car garage home on CONSERVATION LOT! As you enter the foyer, you will notice the gorgeous porcelain wood-grain plank tile, cathedral ceilings, plant shelves, and decorative arches, all of which provide a spacious feel in the formal areas. It is easy to enjoy this open and lovely floor plan which offers plenty of room for family and friends. The open concept kitchen features a breakfast nook, granite countertops, wood cabinets, and newer STAINLESS STEEL APPLIANCES. The SPACIOUS formal living and dining rooms boast vaulted ceilings and decorative arches, making for a seamless transition and ease of entertaining. A separate family room provides plenty of options and flexibility to utilize your creativity with the space. An abundance of windows coupled with the vaulted ceilings provides a great source of natural light. Relax in the homes Owners Suite featuring a walk-in closet, double vanity, large garden tub and stunning newly remodeled Travertine shower. Two additional great sized bedrooms and a guest bath that features a shower/tub combo ensure plenty of space for your family and overnight guests. Outside you’ll find a large open-air patio with beautiful views of the conservation and lots of room to make your backyard your own private oasis. Saving with Solar is easy, buyers to assume existing solar panel contract, warranty, and monthly payments. Don’t miss out on this MOVE-IN ready home! The owners have kept and maintained this home in excellent condition including a Trane A/C system (2017), newer plank tile through-out the entire home (no carpet!), impact-resistant slider, interior paint, newer toilets, granite countertops in kitchen, and much more! This home is minutes from shopping, dining, schools, and entertainment options, as well as, easy access to major roadways for commuting.

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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: Suncoast Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k345k

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

Neighborhood: Suncoast Pointe

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
Bexley Elementary School Primary Regular NA
Charles S. Rushe Middle School Middle Regular 1,325 74 7
Sunlake High School High Regular 1,740 95 8

Bexley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$940
Property Tax -$362
Property Insurance -$145
HOA -$23
Property Management Fees -$80
CASH FLOW
$19

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.

$254,900

PROJECTED PRICE

$1,570

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.63%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$940

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$23,675

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,691

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,7503$1,7924$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 3330 Bellericay Ln Land O Lakes, 1
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.84
    •  
  • 17051 Lixberry Way Land O Lakes, 2
    • 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 2008
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 3143 Prairie Iris Dr Land O Lakes, 3
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2006
    property image
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,792
    • $0.88
    •  
  • 17010 Torvest Ct Land O Lakes, 4
    • 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 2006
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
  • 3134 Shady Lily Ln Land O Lakes, 5
    • 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 2007
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Lilly Caruso
1.813.855.4982
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260969
Last Updated: 08/25/2020
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